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

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

Several other equities research analysts also recently issued reports on CRTO. Benchmark upped their price target on Criteo from $45.00 to $56.00 and gave the stock a buy rating in a report on Friday. KeyCorp downgraded shares of Criteo from an overweight rating to a sector weight rating in a report on Tuesday, July 30th. DA Davidson increased their price target on shares of Criteo from $35.00 to $43.00 and gave the company a neutral rating in a research report on Friday, May 3rd. BMO Capital Markets increased their price target on shares of Criteo from $45.00 to $55.00 and gave the company an outperform rating in a research report on Friday. Finally, Morgan Stanley increased their price target on shares of Criteo from $35.00 to $39.00 and gave the company an equal weight rating in a research report on Tuesday, July 23rd. Five equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of Moderate Buy and a consensus price target of $48.30.

Criteo Trading Down 6.9 %

CRTO opened at $43.44 on Friday. Criteo has a 1-year low of $22.10 and a 1-year high of $49.00. The company has a market cap of $2.46 billion, a price-to-earnings ratio of 44.78 and a beta of 0.99. The company’s fifty day moving average price is $39.62 and its two-hundred day moving average price is $35.58.

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

Insiders Place Their Bets

In other Criteo news, major shareholder Till Hufnagel sold 1,540 shares of the stock in a transaction dated Thursday, May 16th. The shares were sold at an average price of $37.07, for a total transaction of $57,087.80. Following the completion of the transaction, the insider now owns 1,759,275 shares in the company, valued at $65,216,324.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, major shareholder Till Hufnagel sold 1,540 shares of the stock in a transaction dated Thursday, May 16th. The shares were sold at an average price of $37.07, for a total value of $57,087.80. Following the sale, the insider now directly owns 1,759,275 shares of the company’s stock, valued at $65,216,324.25. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Ryan Damon sold 946 shares of the stock in a transaction dated Friday, May 24th. The stock was sold at an average price of $38.99, for a total transaction of $36,884.54. Following the completion of the sale, the insider now directly owns 153,623 shares in the company, valued at $5,989,760.77. The disclosure for this sale can be found here. Insiders sold 20,003 shares of company stock worth $812,355 over the last quarter. 1.71% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Criteo

A number of institutional investors and hedge funds have recently modified their holdings of the company. GAMMA Investing LLC lifted its holdings in shares of Criteo by 67.3% in the second quarter. GAMMA Investing LLC now owns 738 shares of the information services provider’s stock worth $28,000 after buying an additional 297 shares in the last quarter. Bessemer Group Inc. raised its stake in Criteo by 5.2% in the first quarter. Bessemer Group Inc. now owns 13,803 shares of the information services provider’s stock valued at $484,000 after purchasing an additional 682 shares in the last quarter. Waterfront Wealth Inc. raised its stake in Criteo by 1.2% in the second quarter. Waterfront Wealth Inc. now owns 58,280 shares of the information services provider’s stock valued at $2,198,000 after purchasing an additional 686 shares in the last quarter. Covestor Ltd raised its stake in Criteo by 64.1% in the first quarter. Covestor Ltd now owns 1,838 shares of the information services provider’s stock valued at $64,000 after purchasing an additional 718 shares in the last quarter. Finally, Sei Investments Co. raised its stake in Criteo by 0.8% in the first quarter. Sei Investments Co. now owns 101,186 shares of the information services provider’s stock valued at $3,549,000 after purchasing an additional 768 shares in the last quarter. 94.27% of the stock is 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.