Criteo (NASDAQ:CRTO) Price Target Raised to $40.00 at Susquehanna

Criteo (NASDAQ:CRTO) had its price objective upped by Susquehanna from $33.00 to $40.00 in a research report released on Monday morning, Benzinga reports. Susquehanna currently has a neutral rating on the information services provider’s stock.

Several other analysts have also commented on CRTO. Wells Fargo & Company upgraded shares of Criteo from an equal weight rating to an overweight rating and raised their price target for the company from $28.00 to $41.00 in a research report on Thursday, February 8th. KeyCorp upped their price target on Criteo from $36.00 to $37.00 and gave the stock an overweight rating in a report on Wednesday, May 1st. JPMorgan Chase & Co. increased their price target on Criteo from $31.00 to $40.00 and gave the stock a neutral rating in a research report on Friday, May 3rd. TheStreet upgraded Criteo from a c rating to a b- rating in a research report on Friday, February 9th. Finally, StockNews.com upgraded Criteo from a buy rating to a strong-buy rating in a research report on Thursday, February 8th. Five equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of Moderate Buy and an average target price of $37.89.

Criteo Stock Up 0.5 %

Shares of CRTO opened at $37.47 on Monday. The stock’s 50-day moving average price is $35.15 and its 200-day moving average price is $29.38. The company has a market capitalization of $2.10 billion, a price-to-earnings ratio of 38.63 and a beta of 0.95. Criteo has a 52 week low of $22.10 and a 52 week high of $39.54.

Criteo (NASDAQ:CRTO) last released its quarterly earnings data 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 business had revenue of $316.38 million for the quarter, compared to analyst estimates of $300.35 million. Criteo had a return on equity of 12.33% and a net margin of 2.96%. As a group, equities analysts anticipate that Criteo will post 2.3 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, insider Ryan Damon sold 21,661 shares of the stock in a transaction on Monday, May 6th. The stock was sold at an average price of $37.12, for a total transaction of $804,056.32. Following the completion of the transaction, the insider now directly owns 154,569 shares in the company, valued at approximately $5,737,601.28. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, insider Ryan Damon sold 21,661 shares of the business’s stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $37.12, for a total value of $804,056.32. Following the sale, the insider now directly owns 154,569 shares of the company’s stock, valued at approximately $5,737,601.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Megan Clarken sold 23,331 shares of the stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $33.04, for a total transaction of $770,856.24. Following the transaction, the chief executive officer now directly owns 383,858 shares of the company’s stock, valued at approximately $12,682,668.32. The disclosure for this sale can be found here. Insiders sold a total of 110,268 shares of company stock valued at $3,736,371 over the last quarter. 1.10% of the stock is owned by insiders.

Institutional Investors Weigh In On Criteo

Institutional investors and hedge funds have recently modified their holdings of the company. Cadian Capital Management LP grew its position in Criteo by 70.4% in the 4th quarter. Cadian Capital Management LP now owns 4,239,314 shares of the information services provider’s stock valued at $107,339,000 after acquiring an additional 1,751,511 shares in the last quarter. Senvest Management LLC grew its holdings in shares of Criteo by 20.1% in the third quarter. Senvest Management LLC now owns 3,173,624 shares of the information services provider’s stock valued at $92,670,000 after purchasing an additional 531,546 shares in the last quarter. Victory Capital Management Inc. purchased a new stake in Criteo during the 3rd quarter worth approximately $15,306,000. Lord Abbett & CO. LLC lifted its holdings in Criteo by 22.4% during the 3rd quarter. Lord Abbett & CO. LLC now owns 1,022,150 shares of the information services provider’s stock worth $29,847,000 after buying an additional 187,288 shares in the last quarter. Finally, Acadian Asset Management LLC boosted its position in Criteo by 4.6% in the 3rd quarter. Acadian Asset Management LLC now owns 2,153,531 shares of the information services provider’s stock valued at $62,853,000 after buying an additional 95,391 shares during the period. Hedge funds and other institutional investors own 94.27% of the company’s stock.

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.