Susquehanna Raises Criteo (NASDAQ:CRTO) Price Target to $40.00

Criteo (NASDAQ:CRTO - Get Free Report) had its target price raised by research analysts at Susquehanna from $33.00 to $40.00 in a research note issued on Monday, Benzinga reports. The firm presently has a "neutral" rating on the information services provider's stock. Susquehanna's price target would indicate a potential upside of 7.47% from the stock's previous close.

A number of other equities analysts also recently issued reports on CRTO. KeyCorp raised their price objective on shares of Criteo from $36.00 to $37.00 and gave the stock an "overweight" rating in a report on Wednesday, May 1st. StockNews.com raised shares of Criteo from a "buy" rating to a "strong-buy" rating in a research report on Thursday, February 8th. JPMorgan Chase & Co. raised their target price on Criteo from $31.00 to $40.00 and gave the stock a "neutral" rating in a report on Friday. BMO Capital Markets boosted their price target on Criteo from $28.00 to $31.00 and gave the company a "market perform" rating in a report on Thursday, February 8th. Finally, Benchmark reaffirmed a "buy" rating and issued a $40.00 price objective on shares of Criteo in a research note on Tuesday, April 30th. Five research analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Criteo presently has a consensus rating of "Moderate Buy" and an average target price of $37.89.

Criteo Stock Down 1.5 %

Shares of NASDAQ CRTO traded down $0.55 during trading on Monday, reaching $37.22. 437,931 shares of the company traded hands, compared to its average volume of 259,891. The stock has a market capitalization of $2.09 billion, a PE ratio of 38.37 and a beta of 0.95. The firm has a 50 day simple moving average of $34.86 and a 200-day simple moving average of $29.21. Criteo has a 52-week low of $22.10 and a 52-week high of $39.54.

Criteo (NASDAQ:CRTO - Get Free Report) last released its quarterly earnings results on Wednesday, February 7th. The information services provider reported $1.24 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.94 by $0.30. The firm had revenue of $316.38 million for the quarter, compared to the consensus estimate of $300.35 million. Criteo had a return on equity of 12.33% and a net margin of 2.96%. As a group, research analysts predict that Criteo will post 2.3 EPS for the current year.

Insider Activity at Criteo

In other Criteo news, CFO Sarah Js Glickman sold 5,504 shares of the stock in a transaction that occurred on Tuesday, April 23rd. The shares were sold at an average price of $35.40, for a total value of $194,841.60. Following the transaction, the chief financial officer now directly owns 327,232 shares in the company, valued at $11,584,012.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Criteo news, CEO Megan Clarken sold 5,485 shares of the business's stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $35.00, for a total value of $191,975.00. Following the transaction, the chief executive officer now directly owns 552,933 shares of the company's stock, valued at approximately $19,352,655. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Sarah Js Glickman sold 5,504 shares of the firm's stock in a transaction on Tuesday, April 23rd. The stock was sold at an average price of $35.40, for a total transaction of $194,841.60. Following the completion of the sale, the chief financial officer now owns 327,232 shares of the company's stock, valued at approximately $11,584,012.80. The disclosure for this sale can be found here. Over the last three months, insiders sold 88,607 shares of company stock worth $2,932,315. Company insiders own 1.10% of the company's stock.

Institutional Investors Weigh In On Criteo

A number of hedge funds have recently added to or reduced their stakes in CRTO. Robeco Institutional Asset Management B.V. grew its stake in Criteo by 13.4% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 10,528 shares of the information services provider's stock valued at $307,000 after acquiring an additional 1,248 shares during the last quarter. Victory Capital Management Inc. purchased a new position in Criteo in the third quarter valued at approximately $15,306,000. Jump Financial LLC purchased a new stake in shares of Criteo during the third quarter valued at approximately $683,000. VELA Investment Management LLC raised its stake in shares of Criteo by 83.4% during the third quarter. VELA Investment Management LLC now owns 81,525 shares of the information services provider's stock valued at $2,381,000 after purchasing an additional 37,074 shares during the period. Finally, Campbell & CO Investment Adviser LLC acquired a new position in Criteo in the third quarter worth $394,000. Institutional investors and hedge funds 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.