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

Criteo (NASDAQ:CRTO) had its price objective upped by research analysts at JPMorgan Chase & Co. from $31.00 to $40.00 in a research report issued on Friday, Benzinga reports. The brokerage presently has a “neutral” rating on the information services provider’s stock. JPMorgan Chase & Co.‘s price target would suggest a potential upside of 5.90% from the company’s current price.

CRTO has been the topic of several other reports. Susquehanna lifted their price target on shares of Criteo from $26.00 to $33.00 and gave the stock a “neutral” rating in a research note on Thursday, February 8th. StockNews.com raised shares of Criteo from a “buy” rating to a “strong-buy” rating in a research note on Thursday, February 8th. DA Davidson lifted their target price 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. TheStreet raised shares of Criteo from a “c” rating to a “b-” rating in a research note on Friday, February 9th. Finally, Wells Fargo & Company raised shares of Criteo from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $28.00 to $41.00 in a research note on Thursday, February 8th. Five analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Criteo has a consensus rating of “Moderate Buy” and a consensus target price of $37.11.

Criteo Trading Up 1.7 %

Shares of CRTO stock traded up $0.62 during trading hours on Friday, hitting $37.77. 209,007 shares of the company’s stock were exchanged, compared to its average volume of 257,815. The company has a market capitalization of $2.12 billion, a PE ratio of 42.44 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 simple moving average is $34.66 and its 200-day simple moving average is $29.08.

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 the consensus estimate of $0.94 by $0.30. The firm had revenue of $316.38 million for the quarter, compared to the consensus estimate of $300.35 million. Criteo had a net margin of 2.73% and a return on equity of 10.42%. Equities analysts anticipate that Criteo will post 2.3 EPS for the current year.

Insider Transactions at Criteo

In related news, CFO Sarah Js Glickman sold 5,504 shares of the stock in a transaction dated Tuesday, April 23rd. The shares were sold at an average price of $35.40, for a total transaction of $194,841.60. Following the sale, the chief financial officer now directly owns 327,232 shares of the company’s stock, valued at approximately $11,584,012.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CEO Megan Clarken sold 36,675 shares of the stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $32.69, for a total transaction of $1,198,905.75. Following the sale, the chief executive officer now directly owns 477,637 shares of the company’s stock, valued at approximately $15,613,953.53. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Sarah Js Glickman sold 5,504 shares of the stock in a transaction dated Tuesday, April 23rd. The shares were sold at an average price of $35.40, for a total transaction of $194,841.60. Following the sale, the chief financial officer now directly owns 327,232 shares in the company, valued at $11,584,012.80. 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 three months. 1.10% of the stock is currently owned by company insiders.

Institutional Trading of Criteo

Several institutional investors have recently bought and sold shares of the company. GSA Capital Partners LLP boosted its holdings in shares of Criteo by 63.0% during 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 holdings 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 acquiring an additional 37,844 shares during the last quarter. Cornerstone Investment Partners LLC purchased a new stake in shares of Criteo during the 1st quarter valued at about $227,000. Mather Group LLC. purchased a new stake in shares of Criteo during the 1st quarter valued at about $48,000. Finally, Orchard Capital Management LLC boosted its holdings in shares of Criteo by 3.2% during the 4th quarter. Orchard Capital Management LLC now owns 453,896 shares of the information services provider’s stock valued at $11,493,000 after acquiring an additional 14,281 shares during the last quarter. 94.27% of the stock is owned by hedge funds and other institutional investors.

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.