Criteo (NASDAQ:CRTO) PT Raised to $39.00

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

Other equities research analysts have also issued research reports about the stock. DA Davidson lifted their target price on shares of Criteo from $35.00 to $43.00 and gave the company a neutral rating in a research note on Friday, May 3rd. Benchmark reaffirmed a buy rating and issued a $40.00 price objective on shares of Criteo in a research note on Tuesday, April 30th. Susquehanna lifted their price objective on shares of Criteo from $33.00 to $40.00 and gave the company a neutral rating in a research note on Monday, May 6th. KeyCorp lifted their price objective on shares of Criteo from $36.00 to $37.00 and gave the company an overweight rating in a research note on Wednesday, May 1st. Finally, StockNews.com lowered shares of Criteo from a strong-buy rating to a buy rating in a research note on Wednesday, July 17th. Four analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of Moderate Buy and a consensus price target of $41.33.

Criteo Stock Down 0.0 %

Shares of NASDAQ:CRTO opened at $45.07 on Tuesday. The firm has a fifty day moving average of $38.68 and a two-hundred day moving average of $34.55. The firm has a market capitalization of $2.56 billion, a P/E ratio of 46.46 and a beta of 0.99. Criteo has a 12-month low of $22.10 and a 12-month high of $46.33.

Criteo (NASDAQ:CRTO) last issued its earnings results on Thursday, May 2nd. The information services provider reported $0.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.30 by $0.14. The company had revenue of $253.89 million during the quarter, compared to analyst estimates of $246.10 million. Criteo had a net margin of 2.96% and a return on equity of 12.33%. Equities research analysts expect that Criteo will post 2.26 earnings per share for the current fiscal year.

Insider Transactions at Criteo

In related news, major shareholder Till Hufnagel acquired 6,000 shares of the company’s stock in a transaction dated Tuesday, May 14th. The shares were bought at an average price of $37.67 per share, for a total transaction of $226,020.00. Following the acquisition, the insider now owns 1,777,425 shares in the company, valued at approximately $66,955,599.75. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, CEO Megan Clarken sold 3,894 shares of the company’s stock in a transaction dated Friday, May 24th. The shares were sold at an average price of $38.99, for a total value of $151,827.06. Following the sale, the chief executive officer now owns 533,202 shares of the company’s stock, valued at $20,789,545.98. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, major shareholder Till Hufnagel bought 6,000 shares of the stock in a transaction that occurred on Tuesday, May 14th. The stock was acquired at an average cost of $37.67 per share, for a total transaction of $226,020.00. Following the purchase, the insider now owns 1,777,425 shares of the company’s stock, valued at $66,955,599.75. The disclosure for this purchase can be found here. In the last 90 days, insiders have sold 41,664 shares of company stock worth $1,616,411. 1.71% of the stock is currently owned by company insiders.

Institutional Trading of Criteo

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. GAMMA Investing LLC increased its stake in Criteo by 67.3% in the second 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 period. Citigroup Inc. bought a new stake in Criteo in the third quarter valued at about $33,000. Mather Group LLC. bought a new stake in Criteo in the first quarter valued at about $48,000. Covestor Ltd increased 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 acquiring an additional 718 shares during the period. Finally, Blue Trust Inc. increased its stake in Criteo by 7,011.5% in the second 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 period. 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.