Criteo (NASDAQ:CRTO) Given New $40.00 Price Target at JPMorgan Chase & Co.

Criteo (NASDAQ:CRTO) had its price objective lifted by JPMorgan Chase & Co. from $31.00 to $40.00 in a research report released on Friday morning, Benzinga reports. They currently have a neutral rating on the information services provider’s stock.

Several other research analysts have also recently issued reports on CRTO. Wells Fargo & Company raised Criteo from an equal weight rating to an overweight rating and upped their price objective for the stock from $28.00 to $41.00 in a research report on Thursday, February 8th. StockNews.com raised shares of Criteo from a buy rating to a strong-buy rating in a report on Thursday, February 8th. TheStreet upgraded shares of Criteo from a c rating to a b- rating in a research report on Friday, February 9th. Susquehanna increased their target price on shares of Criteo from $26.00 to $33.00 and gave the company a neutral rating in a research report on Thursday, February 8th. Finally, DA Davidson lifted their price target on shares of Criteo from $27.00 to $35.00 and gave the stock a neutral rating in a research note on Monday, March 4th. Five investment analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of Moderate Buy and a consensus target price of $37.11.

Criteo Trading Up 1.7 %

NASDAQ:CRTO traded up $0.62 during mid-day trading on Friday, hitting $37.77. The stock had a trading volume of 209,207 shares, compared to its average volume of 289,190. Criteo has a twelve month low of $22.10 and a twelve month high of $39.54. The company has a market capitalization of $2.12 billion, a PE ratio of 38.94 and a beta of 0.95. The stock has a 50-day simple moving average of $34.77 and a two-hundred day simple moving average of $29.14.

Criteo (NASDAQ:CRTO) last released its quarterly earnings data on Wednesday, February 7th. The information services provider reported $1.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.94 by $0.30. The business had revenue of $316.38 million during the quarter, compared to analysts’ expectations of $300.35 million. Criteo had a net margin of 2.96% and a return on equity of 12.35%. Sell-side analysts predict that Criteo will post 2.3 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Megan Clarken sold 23,331 shares of the company’s stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $33.04, for a total value of $770,856.24. Following the completion of the sale, the chief executive officer now directly owns 383,858 shares of the company’s stock, valued at $12,682,668.32. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, CFO Sarah Js Glickman sold 9,653 shares of Criteo stock in a transaction on Monday, February 26th. The shares were sold at an average price of $32.69, for a total value of $315,556.57. Following the transaction, the chief financial officer now directly owns 293,019 shares in the company, valued at approximately $9,578,791.11. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Megan Clarken sold 23,331 shares of the company’s stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $33.04, for a total transaction of $770,856.24. Following the transaction, the chief executive officer now owns 383,858 shares of the company’s stock, valued at approximately $12,682,668.32. The disclosure for this sale can be found here. In the last three months, insiders have sold 88,607 shares of company stock valued at $2,932,315. Insiders own 1.10% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Citigroup Inc. purchased a new stake in Criteo in the 3rd quarter valued at approximately $33,000. Mather Group LLC. purchased a new stake in shares of Criteo in the first quarter valued at approximately $48,000. Barometer Capital Management Inc. acquired a new position in Criteo during the fourth quarter worth $119,000. FNY Investment Advisers LLC raised its position in Criteo by 300.0% in the fourth quarter. FNY Investment Advisers LLC now owns 6,000 shares of the information services provider’s stock worth $151,000 after acquiring an additional 4,500 shares in the last quarter. Finally, Cornerstone Investment Partners LLC purchased a new position in Criteo in the first quarter worth $227,000. 94.27% of the stock is currently 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.