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

Criteo (NASDAQ:CRTO) had its price objective hoisted by equities research analysts at JPMorgan Chase & Co. from $40.00 to $50.00 in a note issued to investors on Friday, Benzinga reports. The brokerage presently has a “neutral” rating on the information services provider’s stock. JPMorgan Chase & Co.‘s target price points to a potential upside of 7.14% from the stock’s current price.

CRTO has been the topic of a number of other reports. Morgan Stanley increased their price target on Criteo from $35.00 to $39.00 and gave the stock an “equal weight” rating in a research report on Tuesday, July 23rd. KeyCorp cut Criteo from an “overweight” rating to a “sector weight” rating in a research report on Tuesday. DA Davidson raised their target price on 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 raised their target price on Criteo from $45.00 to $55.00 and gave the company an “outperform” rating in a research report on Friday. Finally, StockNews.com upgraded Criteo from a “buy” rating to a “strong-buy” rating in a research report on Thursday, July 25th. Five analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Criteo currently has an average rating of “Moderate Buy” and an average target price of $46.44.

Criteo Stock Performance

Shares of Criteo stock traded down $0.29 on Friday, reaching $46.67. 481,865 shares of the company were exchanged, compared to its average volume of 344,007. The company’s 50-day moving average is $39.47 and its two-hundred day moving average is $35.26. The firm has a market cap of $2.65 billion, a price-to-earnings ratio of 48.11 and a beta of 0.99. Criteo has a 1-year low of $22.10 and a 1-year high of $49.00.

Criteo (NASDAQ:CRTO) last announced its quarterly 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 analysts’ expectations of $246.10 million. Criteo had a return on equity of 12.33% and a net margin of 2.96%. As a group, sell-side analysts forecast that Criteo will post 2.26 earnings per share for the current year.

Insiders Place Their Bets

In other news, insider Ryan Damon sold 946 shares of the firm’s 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 of the company’s stock, valued at approximately $5,989,760.77. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, insider Ryan Damon sold 946 shares of the firm’s 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 of the company’s stock, valued at approximately $5,989,760.77. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Sarah Js Glickman sold 5,496 shares of the firm’s stock in a transaction dated Tuesday, July 23rd. The stock was sold at an average price of $45.49, for a total value of $250,013.04. Following the sale, the chief financial officer now directly owns 320,201 shares of the company’s stock, valued at $14,565,943.49. The disclosure for this sale can be found here. In the last ninety days, insiders sold 41,664 shares of company stock worth $1,616,411. 1.71% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Capstone Investment Advisors LLC bought a new position in shares of Criteo in the 4th quarter valued at approximately $669,000. Lord Abbett & CO. LLC raised its stake in shares of Criteo by 3.5% in the 1st quarter. Lord Abbett & CO. LLC now owns 1,100,902 shares of the information services provider’s stock valued at $38,608,000 after acquiring an additional 37,364 shares in the last quarter. Hsbc Holdings PLC bought a new position in shares of Criteo in the 4th quarter valued at approximately $1,580,000. Cadian Capital Management LP raised its stake in shares of Criteo by 70.4% in the 4th quarter. Cadian Capital Management LP now owns 4,239,314 shares of the information services provider’s stock valued at $107,339,000 after acquiring an additional 1,751,511 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd bought a new position in shares of Criteo in the 4th quarter valued at approximately $660,000. 94.27% of the stock is owned by 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.