Criteo (NASDAQ:CRTO) Price Target Raised to $57.00 at DA Davidson

Criteo (NASDAQ:CRTO) had its target price upped by investment analysts at DA Davidson from $53.00 to $57.00 in a report issued on Wednesday,Benzinga reports. The brokerage presently has a “buy” rating on the information services provider’s stock. DA Davidson’s price target would suggest a potential upside of 26.19% from the company’s current price.

Other equities analysts have also recently issued research reports about the stock. Susquehanna lowered their target price on shares of Criteo from $50.00 to $36.00 and set a “neutral” rating on the stock in a research note on Thursday, October 31st. StockNews.com raised Criteo from a “hold” rating to a “buy” rating in a research note on Friday, January 31st. Benchmark restated a “buy” rating and issued a $51.00 target price on shares of Criteo in a report on Tuesday. Finally, Wells Fargo & Company decreased their price target on shares of Criteo from $66.00 to $63.00 and set an “overweight” rating for the company in a report on Thursday, January 16th. Four investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $50.33.

Criteo Trading Up 17.6 %

Criteo stock traded up $6.77 during midday trading on Wednesday, reaching $45.17. 1,428,231 shares of the stock traded hands, compared to its average volume of 465,014. Criteo has a fifty-two week low of $25.93 and a fifty-two week high of $49.93. The firm has a market cap of $2.49 billion, a price-to-earnings ratio of 30.73 and a beta of 1.05. The firm has a fifty day moving average price of $40.02 and a two-hundred day moving average price of $41.54.

Criteo (NASDAQ:CRTO) last issued its quarterly earnings data on Wednesday, February 5th. The information services provider reported $1.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.37 by $0.04. Criteo had a return on equity of 15.56% and a net margin of 4.52%. Analysts anticipate that Criteo will post 2.67 earnings per share for the current year.

Insiders Place Their Bets

In related news, CFO Sarah Js Glickman sold 1,520 shares of the firm’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $40.36, for a total value of $61,347.20. Following the transaction, the chief financial officer now directly owns 311,878 shares in the company, valued at approximately $12,587,396.08. This trade represents a 0.49 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Brian Gleason sold 1,924 shares of Criteo stock in a transaction on Friday, January 31st. The stock was sold at an average price of $38.08, for a total transaction of $73,265.92. Following the completion of the transaction, the insider now owns 137,161 shares in the company, valued at $5,223,090.88. This trade represents a 1.38 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 21,541 shares of company stock valued at $860,406 over the last ninety days. Corporate insiders own 1.71% of the company’s stock.

Institutional Investors Weigh In On Criteo

Hedge funds and other institutional investors have recently made changes to their positions in the business. Charles Schwab Investment Management Inc. grew its holdings in Criteo by 80.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 48,395 shares of the information services provider’s stock valued at $1,947,000 after buying an additional 21,509 shares during the last quarter. Seizert Capital Partners LLC bought a new stake in shares of Criteo in the third quarter valued at approximately $1,405,000. Stifel Financial Corp increased its position in Criteo by 263.5% during the third quarter. Stifel Financial Corp now owns 20,786 shares of the information services provider’s stock worth $836,000 after acquiring an additional 15,067 shares during the period. JPMorgan Chase & Co. increased its position in Criteo by 31.2% during the third quarter. JPMorgan Chase & Co. now owns 337,880 shares of the information services provider’s stock worth $13,596,000 after acquiring an additional 80,424 shares during the period. Finally, Barclays PLC raised its stake in Criteo by 40.6% during the 3rd quarter. Barclays PLC now owns 6,186 shares of the information services provider’s stock valued at $249,000 after purchasing an additional 1,787 shares during the last quarter. 94.27% of the stock is owned by institutional investors and hedge funds.

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.