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

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

A number of other equities analysts have also recently commented on the stock. Benchmark reiterated a “buy” rating and issued a $40.00 target price on shares of Criteo in a research report on Tuesday, April 30th. Wells Fargo & Company upgraded Criteo from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $28.00 to $41.00 in a report on Thursday, February 8th. DA Davidson increased their target price on Criteo from $27.00 to $35.00 and gave the company a “neutral” rating in a report on Monday, March 4th. KeyCorp raised their price target on Criteo from $36.00 to $37.00 and gave the stock an “overweight” rating in a research report on Wednesday. Finally, TheStreet upgraded Criteo from a “c” rating to a “b-” rating in a research report on Friday, February 9th. Five equities 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 stock. According to data from MarketBeat.com, Criteo currently has an average rating of “Moderate Buy” and an average target price of $37.11.

Criteo Stock Up 1.7 %

Shares of Criteo stock traded up $0.62 during trading on Friday, hitting $37.77. 209,207 shares of the stock traded hands, compared to its average volume of 289,190. The stock has a market cap of $2.12 billion, a price-to-earnings ratio of 38.94 and a beta of 0.95. Criteo has a 52 week low of $22.10 and a 52 week high of $39.54. The firm’s fifty day moving average is $34.77 and its 200-day moving average is $29.14.

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

Insider Activity

In related news, CFO Sarah Js Glickman sold 5,504 shares of the firm’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 completion of the transaction, the chief financial officer now owns 327,232 shares of the company’s stock, valued at approximately $11,584,012.80. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other Criteo news, CEO Megan Clarken sold 23,331 shares of Criteo stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $33.04, for a total value of $770,856.24. Following the completion of the transaction, the chief executive officer now directly owns 383,858 shares of the company’s stock, valued at $12,682,668.32. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Sarah Js Glickman sold 5,504 shares of the stock in a transaction that occurred on 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 owns 327,232 shares in the company, valued at approximately $11,584,012.80. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 88,607 shares of company stock worth $2,932,315. Insiders own 1.10% of the company’s stock.

Hedge Funds Weigh In On Criteo

Hedge funds have recently added to or reduced their stakes in the company. Citigroup Inc. bought a new stake in shares of Criteo in the 3rd quarter worth $33,000. Mather Group LLC. bought a new position in shares of Criteo during the first quarter valued at $48,000. Barometer Capital Management Inc. purchased a new stake in shares of Criteo during the fourth quarter valued at $119,000. FNY Investment Advisers LLC increased its holdings in Criteo by 300.0% in the 4th quarter. FNY Investment Advisers LLC now owns 6,000 shares of the information services provider’s stock worth $151,000 after buying an additional 4,500 shares in the last quarter. Finally, Cornerstone Investment Partners LLC purchased a new position in Criteo in the 1st quarter worth about $227,000. 94.27% of the stock is currently 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.