Criteo (NASDAQ:CRTO) Given New $57.00 Price Target at DA Davidson

Criteo (NASDAQ:CRTO) had its price objective increased by DA Davidson from $53.00 to $57.00 in a research report sent to investors on Wednesday morning,Benzinga reports. DA Davidson currently has a buy rating on the information services provider’s stock.

Other equities analysts have also issued research reports about the company. StockNews.com upgraded Criteo from a “hold” rating to a “buy” rating in a research report on Friday, January 31st. Susquehanna decreased their price target on Criteo from $50.00 to $36.00 and set a “neutral” rating for the company in a research report on Thursday, October 31st. Wells Fargo & Company decreased their price target on Criteo from $66.00 to $63.00 and set an “overweight” rating for the company in a research report on Thursday, January 16th. Finally, Benchmark restated a “buy” rating and set a $51.00 price objective on shares of Criteo in a research report on Tuesday. Four equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $52.90.

Criteo Stock Down 0.8 %

Shares of CRTO stock opened at $45.50 on Wednesday. The stock has a 50-day simple moving average of $40.15 and a 200 day simple moving average of $41.60. Criteo has a fifty-two week low of $30.76 and a fifty-two week high of $49.93. The stock has a market capitalization of $2.51 billion, a P/E ratio of 30.95 and a beta of 1.05.

Criteo (NASDAQ:CRTO) last announced its earnings results 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 return on equity of 15.56% and a net margin of 4.52%. On average, sell-side analysts anticipate that Criteo will post 2.67 earnings per share for the current year.

Insider Transactions at Criteo

In other news, CFO Sarah Js Glickman sold 1,520 shares of the firm’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $40.36, for a total transaction 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 $12,587,396.08. This trade represents a 0.49 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Megan Clarken sold 9,284 shares of the firm’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $40.36, for a total value of $374,702.24. Following the sale, the chief executive officer now directly owns 509,145 shares of the company’s stock, valued at $20,549,092.20. This trade represents a 1.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 21,541 shares of company stock valued at $860,406 in the last three months. Corporate insiders own 1.71% of the company’s stock.

Institutional Investors Weigh In On Criteo

Hedge funds and other institutional investors have recently made changes to their positions in the company. Charles Schwab Investment Management Inc. raised its stake in shares of Criteo by 80.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 48,395 shares of the information services provider’s stock worth $1,947,000 after purchasing an additional 21,509 shares in the last quarter. Seizert Capital Partners LLC bought a new position in shares of Criteo in the 3rd quarter valued at approximately $1,405,000. Stifel Financial Corp raised its stake in shares of Criteo by 263.5% in the 3rd quarter. Stifel Financial Corp now owns 20,786 shares of the information services provider’s stock valued at $836,000 after acquiring an additional 15,067 shares in the last quarter. JPMorgan Chase & Co. raised its stake in shares of Criteo by 31.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 337,880 shares of the information services provider’s stock valued at $13,596,000 after acquiring an additional 80,424 shares in the last quarter. Finally, Barclays PLC raised its stake in shares of Criteo by 40.6% in the 3rd quarter. Barclays PLC now owns 6,186 shares of the information services provider’s stock valued at $249,000 after acquiring an additional 1,787 shares in the last quarter. 94.27% of the stock is owned by hedge funds and other 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.