Criteo (NASDAQ:CRTO) Given New $43.00 Price Target at DA Davidson

Criteo (NASDAQ:CRTO) had its price objective raised by DA Davidson from $35.00 to $43.00 in a research note published on Friday morning, Benzinga reports. DA Davidson currently has a neutral rating on the information services provider’s stock.

A number of other research analysts have also recently commented on CRTO. StockNews.com raised Criteo from a buy rating to a strong-buy rating in a research note on Thursday, February 8th. JPMorgan Chase & Co. lifted their target price on Criteo from $31.00 to $40.00 and gave the stock a neutral rating in a research report on Friday. BMO Capital Markets boosted their target price on shares of Criteo from $28.00 to $31.00 and gave the company a market perform rating in a research note on Thursday, February 8th. Susquehanna lifted their price objective on shares of Criteo from $26.00 to $33.00 and gave the company a neutral rating in a report on Thursday, February 8th. Finally, Benchmark restated a buy rating and issued a $40.00 target price on shares of Criteo in a research note on Tuesday. 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 company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of Moderate Buy and an average price target of $37.11.

Criteo Stock Up 1.7 %

NASDAQ CRTO traded up $0.62 during trading hours on Friday, hitting $37.77. 209,207 shares of the company were exchanged, compared to its average volume of 289,190. Criteo has a 52 week low of $22.10 and a 52 week high of $39.54. The stock has a 50-day moving average price of $34.77 and a 200 day moving average price of $29.14. The stock has a market cap of $2.12 billion, a PE ratio of 38.94 and a beta of 0.95.

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

Insider Buying and Selling

In other Criteo news, CFO Sarah Js Glickman sold 5,504 shares of the company’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 transaction of $194,841.60. Following the transaction, the chief financial officer now owns 327,232 shares in the company, valued at approximately $11,584,012.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, CFO Sarah Js Glickman sold 5,504 shares of the business’s stock in a transaction 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 directly owns 327,232 shares of the company’s stock, valued at $11,584,012.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Megan Clarken sold 5,485 shares of the 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 completion of the transaction, the chief executive officer now directly owns 552,933 shares in the company, valued at $19,352,655. The disclosure for this sale can be found here. Insiders sold 88,607 shares of company stock worth $2,932,315 in the last three months. Corporate insiders own 1.10% of the company’s stock.

Institutional Trading of Criteo

Hedge funds and other institutional investors have recently made changes to their positions in the business. Citigroup Inc. acquired a new stake in shares of Criteo in the third quarter worth $33,000. Mather Group LLC. purchased a new stake in Criteo during the first quarter worth $48,000. Barometer Capital Management Inc. purchased a new stake in Criteo during the fourth quarter worth $119,000. FNY Investment Advisers LLC boosted its holdings in 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 buying an additional 4,500 shares in the last quarter. Finally, Cornerstone Investment Partners LLC purchased a new stake in Criteo during the first quarter worth $227,000. Institutional investors and hedge funds 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.