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

Criteo (NASDAQ:CRTO) had its target price increased by investment analysts at DA Davidson from $53.00 to $57.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The firm currently has a “buy” rating on the information services provider’s stock. DA Davidson’s price objective points to a potential upside of 24.21% from the company’s previous close.

A number of other research analysts also recently weighed in on CRTO. Benchmark restated a “buy” rating and set a $51.00 price target on shares of Criteo in a report on Tuesday. Susquehanna decreased their price target 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. StockNews.com upgraded Criteo from a “hold” rating to a “buy” rating in a research report on Friday, January 31st. Finally, Wells Fargo & Company decreased their price target on shares of Criteo from $66.00 to $63.00 and set an “overweight” rating on the stock in a research note on Thursday, January 16th. Four investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, Criteo has a consensus rating of “Moderate Buy” and an average price target of $52.90.

Criteo Trading Up 1.6 %

NASDAQ:CRTO opened at $45.89 on Wednesday. The business’s fifty day moving average price is $40.15 and its 200 day moving average price is $41.60. The firm has a market capitalization of $2.53 billion, a price-to-earnings ratio of 31.22 and a beta of 1.05. Criteo has a 1-year low of $30.11 and a 1-year high of $49.93.

Criteo (NASDAQ:CRTO) last released its quarterly earnings data on Wednesday, February 5th. The information services provider reported $1.41 earnings per share for the quarter, beating the consensus estimate of $1.37 by $0.04. Criteo had a net margin of 4.52% and a return on equity of 15.56%. Equities analysts forecast that Criteo will post 2.67 earnings per share for the current year.

Insiders Place Their Bets

In other news, CFO Sarah Js Glickman sold 1,520 shares of Criteo stock in a transaction on Monday, November 25th. The stock was sold at an average price of $40.36, for a total value of $61,347.20. Following the completion of the sale, the chief financial officer now directly owns 311,878 shares of the company’s stock, valued at approximately $12,587,396.08. This trade represents a 0.49 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Ryan Damon sold 2,793 shares of the company’s stock in a transaction on Friday, December 13th. The shares were sold at an average price of $42.54, for a total value of $118,814.22. Following the transaction, the insider now directly owns 115,646 shares in the company, valued at $4,919,580.84. This trade represents a 2.36 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 21,541 shares of company stock valued at $860,406 in the last 90 days. 1.71% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Criteo

Several institutional investors have recently modified their holdings of CRTO. Charles Schwab Investment Management Inc. lifted its stake in 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 valued at $1,947,000 after buying an additional 21,509 shares during the period. Seizert Capital Partners LLC bought a new position in Criteo during the 3rd quarter worth approximately $1,405,000. Stifel Financial Corp grew its holdings in Criteo by 263.5% during the third 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 during the period. JPMorgan Chase & Co. increased its stake in Criteo by 31.2% in the third quarter. JPMorgan Chase & Co. now owns 337,880 shares of the information services provider’s stock valued at $13,596,000 after purchasing an additional 80,424 shares in the last quarter. Finally, Barclays PLC raised its holdings in Criteo by 40.6% in the third quarter. Barclays PLC now owns 6,186 shares of the information services provider’s stock worth $249,000 after purchasing an additional 1,787 shares during the period. 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.