Criteo (NASDAQ:CRTO) Price Target Increased to $31.00 by Analysts at JPMorgan Chase & Co.

Criteo (NASDAQ:CRTOFree Report) had its price objective raised by JPMorgan Chase & Co. from $27.00 to $31.00 in a research note released on Thursday, Benzinga reports. JPMorgan Chase & Co. currently has a neutral rating on the information services provider’s stock.

Other analysts have also issued reports about the company. KeyCorp initiated coverage on Criteo in a research note on Tuesday, October 24th. They set an overweight rating and a $40.00 price objective on the stock. Susquehanna boosted their price objective on Criteo from $26.00 to $33.00 and gave the company a neutral rating in a research note on Thursday. BMO Capital Markets boosted their price objective on Criteo from $28.00 to $31.00 and gave the company a market perform rating in a research note on Thursday. Wells Fargo & Company upgraded Criteo from an equal weight rating to an overweight rating and boosted their target price for the stock from $28.00 to $41.00 in a research report on Thursday. Finally, Morgan Stanley reduced their target price on Criteo from $38.00 to $22.00 and set an equal weight rating for the company in a research report on Friday, November 3rd. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Criteo presently has an average rating of Moderate Buy and a consensus target price of $36.60.

Get Our Latest Research Report on Criteo

Criteo Price Performance

Shares of CRTO opened at $32.33 on Thursday. The firm has a market cap of $2.05 billion, a PE ratio of 36.33 and a beta of 0.89. The stock’s fifty day moving average price is $25.24 and its two-hundred day moving average price is $27.19. Criteo has a 1 year low of $22.10 and a 1 year high of $36.76.

Criteo (NASDAQ:CRTOGet Free Report) last issued its earnings results on Wednesday, February 7th. The information services provider reported $1.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.94 by $0.30. Criteo had a return on equity of 10.60% and a net margin of 2.73%. The firm had revenue of $316.38 million for the quarter, compared to analyst estimates of $300.35 million. Sell-side analysts anticipate that Criteo will post 1.51 earnings per share for the current fiscal year.

Insider Transactions at Criteo

In other news, CFO Sarah Js Glickman sold 3,622 shares of the stock in a transaction that occurred on Tuesday, January 23rd. The stock was sold at an average price of $24.74, for a total value of $89,608.28. Following the completion of the transaction, the chief financial officer now owns 249,706 shares of the company’s stock, valued at approximately $6,177,726.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, CFO Sarah Js Glickman sold 3,622 shares of the firm’s stock in a transaction on Tuesday, January 23rd. The stock was sold at an average price of $24.74, for a total value of $89,608.28. Following the transaction, the chief financial officer now directly owns 249,706 shares in the company, valued at approximately $6,177,726.44. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Megan Clarken sold 5,442 shares of the firm’s stock in a transaction on Monday, November 27th. The stock was sold at an average price of $24.79, for a total value of $134,907.18. Following the completion of the transaction, the chief executive officer now owns 410,727 shares in the company, valued at $10,181,922.33. The disclosure for this sale can be found here. In the last quarter, insiders sold 10,716 shares of company stock valued at $265,469. Corporate insiders own 1.10% of the company’s stock.

Hedge Funds Weigh In On Criteo

A number of institutional investors have recently bought and sold shares of the stock. Geode Capital Management LLC increased its holdings in shares of Criteo by 0.7% in the first quarter. Geode Capital Management LLC now owns 47,745 shares of the information services provider’s stock worth $1,504,000 after purchasing an additional 352 shares during the last quarter. KB Financial Partners LLC increased its holdings in shares of Criteo by 4.1% in the second quarter. KB Financial Partners LLC now owns 9,542 shares of the information services provider’s stock worth $322,000 after purchasing an additional 372 shares during the last quarter. JPMorgan Chase & Co. grew its position in Criteo by 9.4% in the fourth quarter. JPMorgan Chase & Co. now owns 5,911 shares of the information services provider’s stock worth $154,000 after acquiring an additional 506 shares in the last quarter. Great West Life Assurance Co. Can grew its position in Criteo by 128.2% in the first quarter. Great West Life Assurance Co. Can now owns 1,043 shares of the information services provider’s stock worth $33,000 after acquiring an additional 586 shares in the last quarter. Finally, Waterfront Wealth Inc. grew its position in Criteo by 1.7% in the second quarter. Waterfront Wealth Inc. now owns 43,958 shares of the information services provider’s stock worth $1,441,000 after acquiring an additional 717 shares in the last quarter. 75.66% of the stock is owned by institutional investors.

Criteo Company Profile

(Get Free Report)

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.

Read More

Analyst Recommendations for Criteo (NASDAQ:CRTO)

Receive News & Ratings for Criteo Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Criteo and related companies with MarketBeat.com's FREE daily email newsletter.