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

Criteo (NASDAQ:CRTO - Free Report) had its target price upped by DA Davidson from $53.00 to $57.00 in a report published on Wednesday morning,Benzinga reports. They currently have a buy rating on the information services provider's stock.

Other equities research analysts have also recently issued research reports about the company. Wells Fargo & Company lowered their price target on Criteo from $66.00 to $63.00 and set an "overweight" rating on the stock in a report on Thursday, January 16th. StockNews.com upgraded Criteo from a "hold" rating to a "buy" rating in a research report on Friday, January 31st. Susquehanna decreased their price objective on shares of Criteo from $50.00 to $36.00 and set a "neutral" rating on the stock in a research report on Thursday, October 31st. Finally, Benchmark restated a "buy" rating and set a $51.00 target price on shares of Criteo in a report on Tuesday, February 4th. Four analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $52.90.

Criteo Stock Performance

Criteo stock traded down $0.39 during midday trading on Wednesday, reaching $45.50. The company's stock had a trading volume of 969,447 shares, compared to its average volume of 473,409. The firm has a market capitalization of $2.51 billion, a PE ratio of 27.08 and a beta of 1.05. Criteo has a fifty-two week low of $30.76 and a fifty-two week high of $49.93. The stock's 50 day simple moving average is $40.24 and its 200 day simple moving average is $41.55.

Criteo (NASDAQ:CRTO - Get Free Report) last announced its quarterly earnings data on Wednesday, February 5th. The information services provider reported $1.41 EPS for the quarter, beating the consensus estimate of $1.37 by $0.04. Criteo had a net margin of 5.08% and a return on equity of 16.37%. Equities analysts predict that Criteo will post 2.62 earnings per share for the current year.

Insider Activity

In other news, CEO Megan Clarken sold 9,284 shares of the stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $40.36, for a total transaction of $374,702.24. Following the transaction, the chief executive officer now directly owns 509,145 shares in the company, valued at $20,549,092.20. This represents a 1.79 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Ryan Damon sold 2,885 shares of the business's stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $40.36, for a total transaction of $116,438.60. Following the completion of the sale, the insider now owns 118,334 shares of the company's stock, valued at approximately $4,775,960.24. The trade was a 2.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 21,541 shares of company stock valued at $860,406 over the last 90 days. Insiders own 1.71% of the company's stock.

Hedge Funds Weigh In On Criteo

A number of hedge funds have recently made changes to their positions in CRTO. Charles Schwab Investment Management Inc. increased its position in shares of Criteo by 80.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 48,395 shares of the information services provider's stock worth $1,947,000 after acquiring an additional 21,509 shares in the last quarter. Seizert Capital Partners LLC purchased a new position in Criteo in the third quarter valued at about $1,405,000. Stifel Financial Corp grew its stake in Criteo by 263.5% during the 3rd quarter. Stifel Financial Corp now owns 20,786 shares of the information services provider's stock valued at $836,000 after purchasing an additional 15,067 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in Criteo by 31.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 337,880 shares of the information services provider's stock worth $13,596,000 after purchasing an additional 80,424 shares during the last quarter. Finally, Barclays PLC boosted its stake in shares of 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 buying an additional 1,787 shares during the last quarter. Institutional investors and hedge funds own 94.27% of the company's stock.

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.