Criteo (NASDAQ:CRTO) Price Target Raised to $40.00 at Susquehanna

Criteo (NASDAQ:CRTO) had its price objective raised by investment analysts at Susquehanna from $33.00 to $40.00 in a note issued to investors on Monday, Benzinga reports. The firm currently has a “neutral” rating on the information services provider’s stock. Susquehanna’s price objective would indicate a potential upside of 5.88% from the company’s current price.

A number of other equities analysts have also recently commented on the company. TheStreet upgraded Criteo from a “c” rating to a “b-” rating in a report on Friday, February 9th. JPMorgan Chase & Co. upped their target price on shares of Criteo from $31.00 to $40.00 and gave the stock a “neutral” rating in a research note on Friday, May 3rd. DA Davidson raised their price target on shares of Criteo from $35.00 to $43.00 and gave the company a “neutral” rating in a research report on Friday, May 3rd. StockNews.com raised Criteo from a “buy” rating to a “strong-buy” rating in a research report on Thursday, February 8th. Finally, Benchmark reiterated a “buy” rating and issued a $40.00 target price on shares of Criteo in a report on Tuesday, April 30th. Five research analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $37.89.

Criteo Trading Up 1.5 %

Shares of CRTO stock opened at $37.78 on Monday. The company has a market capitalization of $2.12 billion, a P/E ratio of 38.95 and a beta of 0.95. Criteo has a 12-month low of $22.10 and a 12-month high of $39.54. The business’s 50 day moving average is $34.95 and its two-hundred day moving average is $29.27.

Criteo (NASDAQ:CRTO) last released its quarterly earnings results on Wednesday, February 7th. The information services provider reported $1.24 EPS for the quarter, topping analysts’ consensus estimates of $0.94 by $0.30. Criteo had a return on equity of 12.33% and a net margin of 2.96%. The company had revenue of $316.38 million for the quarter, compared to analysts’ expectations of $300.35 million. On average, research analysts predict that Criteo will post 2.3 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Megan Clarken sold 23,331 shares of the stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $33.04, for a total value of $770,856.24. Following the transaction, the chief executive officer now owns 383,858 shares in the company, valued at approximately $12,682,668.32. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, insider Ryan Damon sold 21,661 shares of the business’s stock in a transaction on Monday, May 6th. The shares were sold at an average price of $37.12, for a total value of $804,056.32. Following the completion of the sale, the insider now directly owns 154,569 shares of the company’s stock, valued at $5,737,601.28. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Megan Clarken sold 23,331 shares of the firm’s stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $33.04, for a total value of $770,856.24. Following the transaction, the chief executive officer now directly owns 383,858 shares in the company, valued at approximately $12,682,668.32. The disclosure for this sale can be found here. Insiders sold 110,268 shares of company stock valued at $3,736,371 in the last ninety days. Insiders own 1.10% of the company’s stock.

Institutional Trading of Criteo

Large investors have recently made changes to their positions in the company. Citigroup Inc. purchased a new stake in Criteo in the third quarter valued at approximately $33,000. Mather Group LLC. acquired a new position in shares of Criteo in the 1st quarter valued at $48,000. Barometer Capital Management Inc. purchased a new stake in Criteo in the 4th quarter valued at $119,000. FNY Investment Advisers LLC boosted its stake in Criteo by 300.0% during the 4th quarter. FNY Investment Advisers LLC now owns 6,000 shares of the information services provider’s stock worth $151,000 after purchasing an additional 4,500 shares during the period. Finally, Cornerstone Investment Partners LLC purchased a new position in Criteo during the 1st quarter worth $227,000. 94.27% of the stock is owned by institutional investors and hedge funds.

About Criteo

Criteo SA, a technology company, provides marketing and monetization services on the open Internet in North and South America, Europe, the Middle East, Africa, and the Asia-Pacific. The company's Criteo Shopper Graph, which derives clients' proprietary commerce data, such as transaction activity on their digital properties.