Criteo (NASDAQ:CRTO) PT Raised to $37.00 at KeyCorp

Criteo (NASDAQ:CRTO) had its price objective upped by KeyCorp from $36.00 to $37.00 in a research report released on Wednesday morning, Benzinga reports. KeyCorp currently has an overweight rating on the information services provider’s stock.

Other research analysts have also recently issued research reports about the company. BMO Capital Markets upped their target price on Criteo from $28.00 to $31.00 and gave the company a market perform rating in a research note on Thursday, February 8th. Benchmark reaffirmed a buy rating and issued a $40.00 price objective on shares of Criteo in a research report on Tuesday, April 30th. JPMorgan Chase & Co. lifted their target price on Criteo from $27.00 to $31.00 and gave the stock a neutral rating in a research report on Thursday, February 8th. StockNews.com upgraded shares of Criteo from a buy rating to a strong-buy rating in a report on Thursday, February 8th. Finally, Susquehanna raised 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. Five research 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’s stock. Based on data from MarketBeat.com, Criteo currently has a consensus rating of Moderate Buy and an average price target of $37.11.

Criteo Stock Performance

NASDAQ CRTO opened at $37.77 on Wednesday. The company has a market cap of $2.12 billion, a P/E ratio of 38.94 and a beta of 0.95. The business’s 50 day moving average price is $34.77 and its 200-day moving average price is $29.14. Criteo has a fifty-two week low of $22.10 and a fifty-two week high of $39.54.

Criteo (NASDAQ:CRTO) last announced its earnings results on Wednesday, February 7th. The information services provider reported $1.24 earnings per share for the quarter, beating the consensus estimate of $0.94 by $0.30. Criteo had a net margin of 2.96% and a return on equity of 12.35%. The business had revenue of $316.38 million for the quarter, compared to the consensus estimate of $300.35 million. As a group, equities analysts predict that Criteo will post 2.3 EPS for the current year.

Insider Buying and Selling at Criteo

In related news, CFO Sarah Js Glickman sold 5,504 shares of the business’s stock in a transaction that occurred on Tuesday, April 23rd. The shares were sold at an average price of $35.40, for a total value of $194,841.60. Following the completion of the transaction, the chief financial officer now owns 327,232 shares of the company’s stock, valued at $11,584,012.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other news, CEO Megan Clarken sold 5,485 shares of the firm’s stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $35.00, for a total value of $191,975.00. Following the sale, the chief executive officer now directly owns 552,933 shares in the company, valued at approximately $19,352,655. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Sarah Js Glickman sold 5,504 shares of the business’s stock in a transaction that occurred on Tuesday, April 23rd. The stock was sold at an average price of $35.40, for a total transaction of $194,841.60. Following the transaction, the chief financial officer now owns 327,232 shares of the company’s stock, valued at approximately $11,584,012.80. The disclosure for this sale can be found here. In the last quarter, insiders have sold 88,607 shares of company stock valued at $2,932,315. Company insiders own 1.10% of the company’s stock.

Hedge Funds Weigh In On Criteo

Several institutional investors and hedge funds have recently bought and sold shares of the company. Citigroup Inc. purchased a new stake in shares of Criteo during the 3rd quarter valued at $33,000. Mather Group LLC. acquired a new position in Criteo during the 1st quarter valued at about $48,000. Barometer Capital Management Inc. purchased a new stake in Criteo in the fourth quarter valued at about $119,000. FNY Investment Advisers LLC grew its stake in shares of Criteo by 300.0% during 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 during the last quarter. Finally, Cornerstone Investment Partners LLC acquired a new position in shares of Criteo during the first quarter valued at about $227,000. 94.27% of the stock is owned by hedge funds and other 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.