JPMorgan Chase & Co. Raises Criteo (NASDAQ:CRTO) Price Target to $50.00

Criteo (NASDAQ:CRTO) had its target price hoisted by JPMorgan Chase & Co. from $40.00 to $50.00 in a research note released on Friday morning, Benzinga reports. The brokerage currently has a neutral rating on the information services provider’s stock.

CRTO has been the topic of a number of other research reports. Morgan Stanley increased their target price on shares of Criteo from $35.00 to $39.00 and gave the stock an equal weight rating in a research report on Tuesday, July 23rd. Benchmark increased their target price on shares of Criteo from $45.00 to $56.00 and gave the stock a buy rating in a research report on Friday. Susquehanna increased their target price on shares of Criteo from $40.00 to $50.00 and gave the stock a neutral rating in a research report on Friday. BMO Capital Markets increased their target price on shares of Criteo from $45.00 to $55.00 and gave the stock an outperform rating in a research report on Friday. Finally, KeyCorp lowered shares of Criteo from an overweight rating to a sector weight rating in a research report on Tuesday, July 30th. Five investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of Moderate Buy and a consensus target price of $48.30.

Criteo Stock Down 6.9 %

Criteo stock opened at $43.44 on Friday. The stock has a market cap of $2.46 billion, a P/E ratio of 44.78 and a beta of 0.99. Criteo has a twelve month low of $22.10 and a twelve month high of $49.00. The company’s 50-day moving average price is $39.62 and its two-hundred day moving average price is $35.58.

Criteo (NASDAQ:CRTO) last announced its earnings results on Thursday, August 1st. The information services provider reported $1.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.77 by $0.31. Criteo had a net margin of 4.54% and a return on equity of 15.64%. The firm had revenue of $471.31 million for the quarter, compared to analyst estimates of $263.64 million. During the same quarter in the prior year, the business posted $0.12 EPS. The business’s revenue was up .5% compared to the same quarter last year. Equities analysts anticipate that Criteo will post 2.26 earnings per share for the current fiscal year.

Insider Buying and Selling at Criteo

In related news, major shareholder Till Hufnagel bought 6,000 shares of the business’s stock in a transaction on Tuesday, May 14th. The shares were purchased at an average price of $37.67 per share, for a total transaction of $226,020.00. Following the completion of the transaction, the insider now directly owns 1,777,425 shares of the company’s stock, valued at approximately $66,955,599.75. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. In other Criteo news, major shareholder Till Hufnagel purchased 6,000 shares of the company’s stock in a transaction dated Tuesday, May 14th. The stock was purchased at an average price of $37.67 per share, with a total value of $226,020.00. Following the completion of the purchase, the insider now owns 1,777,425 shares of the company’s stock, valued at $66,955,599.75. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Ryan Damon sold 946 shares of the firm’s stock in a transaction on Friday, May 24th. The shares were sold at an average price of $38.99, for a total transaction of $36,884.54. Following the transaction, the insider now directly owns 153,623 shares of the company’s stock, valued at approximately $5,989,760.77. The disclosure for this sale can be found here. Insiders have sold 20,003 shares of company stock worth $812,355 over the last quarter. Corporate insiders own 1.71% of the company’s stock.

Hedge Funds Weigh In On Criteo

Large investors have recently modified their holdings of the business. VELA Investment Management LLC raised its stake in Criteo by 21.5% during the fourth quarter. VELA Investment Management LLC now owns 99,086 shares of the information services provider’s stock worth $2,509,000 after buying an additional 17,561 shares during the last quarter. BNP Paribas Financial Markets raised its stake in Criteo by 85.6% during the fourth quarter. BNP Paribas Financial Markets now owns 162,167 shares of the information services provider’s stock worth $4,106,000 after buying an additional 74,774 shares during the last quarter. Jump Financial LLC raised its stake in Criteo by 136.0% during the fourth quarter. Jump Financial LLC now owns 55,200 shares of the information services provider’s stock worth $1,398,000 after buying an additional 31,807 shares during the last quarter. Robeco Institutional Asset Management B.V. raised its stake in Criteo by 7.8% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 11,350 shares of the information services provider’s stock worth $287,000 after buying an additional 822 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd bought a new position in Criteo during the fourth quarter worth $660,000. 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.