JPMorgan Chase & Co. Increases Criteo (NASDAQ:CRTO) Price Target to $40.00

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

Several other brokerages have also recently issued reports on CRTO. Benchmark restated a buy rating and set a $40.00 price objective on shares of Criteo in a research note on Tuesday, April 30th. StockNews.com raised shares of Criteo from a buy rating to a strong-buy rating in a report on Thursday, February 8th. Wells Fargo & Company upgraded shares of Criteo from an equal weight rating to an overweight rating and increased their price objective for the stock from $28.00 to $41.00 in a research note on Thursday, February 8th. KeyCorp lifted their target price on Criteo from $36.00 to $37.00 and gave the company an overweight rating in a research note on Wednesday, May 1st. Finally, Susquehanna increased their price target on Criteo from $26.00 to $33.00 and gave the stock a neutral rating in a research report on Thursday, February 8th. Five research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of Moderate Buy and a consensus price target of $37.89.

Criteo Trading Down 1.5 %

Shares of NASDAQ:CRTO opened at $37.22 on Friday. Criteo has a 12-month low of $22.10 and a 12-month high of $39.54. The firm has a market cap of $2.09 billion, a PE ratio of 38.37 and a beta of 0.95. The company has a fifty day simple moving average of $34.86 and a 200 day simple moving average of $29.21.

Criteo (NASDAQ:CRTO) last posted 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 business had revenue of $316.38 million during the quarter, compared to the consensus estimate of $300.35 million. As a group, equities research analysts forecast that Criteo will post 2.3 EPS for the current fiscal year.

Insider Buying and Selling at Criteo

In other news, insider Ryan Damon sold 7,959 shares of the firm’s stock in a transaction on Monday, February 26th. The stock was sold at an average price of $32.69, for a total transaction of $260,179.71. Following the transaction, the insider now directly owns 144,545 shares of the company’s stock, valued at $4,725,176.05. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, CEO Megan Clarken sold 23,331 shares of the company’s stock in a transaction that occurred on 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 approximately $12,682,668.32. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Ryan Damon sold 7,959 shares of the firm’s stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $32.69, for a total transaction of $260,179.71. Following the transaction, the insider now owns 144,545 shares in the company, valued at approximately $4,725,176.05. The disclosure for this sale can be found here. Insiders have sold 88,607 shares of company stock valued at $2,932,315 in the last quarter. Corporate insiders own 1.10% of the company’s stock.

Hedge Funds Weigh In On Criteo

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Duality Advisers LP acquired a new stake in shares of Criteo in the first quarter valued at $341,000. GSA Capital Partners LLP lifted its holdings in Criteo by 63.0% in the 1st quarter. GSA Capital Partners LLP now owns 72,339 shares of the information services provider’s stock valued at $2,537,000 after acquiring an additional 27,947 shares during the last quarter. BNP Paribas Financial Markets boosted its position in shares of Criteo by 23.3% during the 1st quarter. BNP Paribas Financial Markets now owns 200,011 shares of the information services provider’s stock valued at $7,014,000 after purchasing an additional 37,844 shares in the last quarter. Cornerstone Investment Partners LLC acquired a new position in shares of Criteo in the 1st quarter worth approximately $227,000. Finally, Mather Group LLC. bought a new stake in shares of Criteo in the 1st quarter worth approximately $48,000. 94.27% of the stock is owned by institutional investors.

Criteo Company Profile

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.