Criteo (NASDAQ:CRTO) PT Raised to $39.00

Criteo (NASDAQ:CRTO) had its price objective boosted by Morgan Stanley from $35.00 to $39.00 in a research report report published on Tuesday, Benzinga reports. Morgan Stanley currently has an equal weight rating on the information services provider’s stock.

A number of other brokerages have also recently commented on CRTO. Susquehanna raised their price target on shares of Criteo from $33.00 to $40.00 and gave the stock a neutral rating in a research note on Monday, May 6th. KeyCorp raised their price target on shares of Criteo from $36.00 to $37.00 and gave the stock an overweight rating in a research note on Wednesday, May 1st. StockNews.com cut shares of Criteo from a strong-buy rating to a buy rating in a research note on Wednesday, July 17th. BMO Capital Markets upgraded shares of Criteo from a market perform rating to an outperform rating and raised their price target for the stock from $31.00 to $45.00 in a research note on Friday, May 24th. Finally, JPMorgan Chase & Co. raised their price target on shares of Criteo from $31.00 to $40.00 and gave the stock a neutral rating in a research note on Friday, May 3rd. Four equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of Moderate Buy and an average target price of $41.33.

Criteo Stock Down 0.0 %

CRTO stock opened at $45.07 on Tuesday. Criteo has a twelve month low of $22.10 and a twelve month high of $46.33. The company has a market cap of $2.56 billion, a PE ratio of 46.46 and a beta of 0.99. The business’s 50-day simple moving average is $38.68 and its 200 day simple moving average is $34.55.

Criteo (NASDAQ:CRTO) last released its earnings results on Thursday, May 2nd. The information services provider reported $0.44 earnings per share for the quarter, topping analysts’ consensus estimates of $0.30 by $0.14. The business had revenue of $253.89 million for the quarter, compared to the consensus estimate of $246.10 million. Criteo had a return on equity of 12.33% and a net margin of 2.96%. On average, equities research analysts anticipate that Criteo will post 2.26 EPS for the current year.

Insider Buying and Selling

In other news, major shareholder Till Hufnagel acquired 6,000 shares of Criteo stock in a transaction on Tuesday, May 14th. The shares were purchased at an average price of $37.67 per share, with a total value of $226,020.00. Following the acquisition, the insider now owns 1,777,425 shares in the company, valued at $66,955,599.75. The transaction was disclosed in a document filed with the SEC, which is available through this link. In other Criteo news, CEO Megan Clarken sold 3,894 shares of the company’s stock in a transaction on Friday, May 24th. The stock was sold at an average price of $38.99, for a total transaction of $151,827.06. Following the transaction, the chief executive officer now owns 533,202 shares of the company’s stock, valued at approximately $20,789,545.98. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, major shareholder Till Hufnagel bought 6,000 shares of the company’s stock in a transaction on Tuesday, May 14th. The shares were acquired at an average price of $37.67 per share, with a total value of $226,020.00. Following the transaction, the insider now directly owns 1,777,425 shares in the company, valued at approximately $66,955,599.75. The disclosure for this purchase can be found here. Insiders sold 41,664 shares of company stock worth $1,616,411 in the last quarter. Insiders own 1.71% of the company’s stock.

Institutional Trading of Criteo

Several institutional investors and hedge funds have recently made changes to their positions in CRTO. GAMMA Investing LLC raised its position in shares of Criteo by 67.3% during the 2nd quarter. GAMMA Investing LLC now owns 738 shares of the information services provider’s stock valued at $28,000 after acquiring an additional 297 shares during the last quarter. Citigroup Inc. bought a new stake in shares of Criteo during the 3rd quarter valued at $33,000. Mather Group LLC. bought a new stake in shares of Criteo during the 1st quarter valued at $48,000. Covestor Ltd raised its position in shares of Criteo by 64.1% during the 1st quarter. Covestor Ltd now owns 1,838 shares of the information services provider’s stock valued at $64,000 after acquiring an additional 718 shares during the last quarter. Finally, Blue Trust Inc. raised its position in shares of Criteo by 7,011.5% during the 2nd quarter. Blue Trust Inc. now owns 1,849 shares of the information services provider’s stock valued at $65,000 after acquiring an additional 1,823 shares during the last quarter. Institutional investors own 94.27% of the company’s stock.

Criteo Company Profile

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.