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

Criteo (NASDAQ:CRTO) had its target price lifted by Susquehanna from $33.00 to $40.00 in a research report released on Monday morning, Benzinga reports. They currently have a neutral rating on the information services provider’s stock.

CRTO has been the subject of a number of other research reports. TheStreet raised shares of Criteo from a c rating to a b- rating in a research report on Friday, February 9th. StockNews.com raised Criteo from a buy rating to a strong-buy rating in a research note on Thursday, February 8th. Benchmark reaffirmed a buy rating and issued a $40.00 price objective on shares of Criteo in a research report on Tuesday, April 30th. JPMorgan Chase & Co. increased their target price on Criteo from $31.00 to $40.00 and gave the stock a neutral rating in a research report on Friday, May 3rd. Finally, DA Davidson lifted their price target on Criteo from $35.00 to $43.00 and gave the company a neutral rating in a report on Friday, May 3rd. Five investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of Moderate Buy and a consensus target price of $37.89.

Criteo Stock Performance

Criteo stock opened at $37.47 on Monday. Criteo has a fifty-two week low of $22.10 and a fifty-two week high of $39.54. The company has a market capitalization of $2.10 billion, a price-to-earnings ratio of 38.63 and a beta of 0.95. The stock has a fifty day moving average of $35.15 and a two-hundred day moving average of $29.38.

Criteo (NASDAQ:CRTO) last posted its quarterly earnings data on Wednesday, February 7th. The information services provider reported $1.24 EPS for the quarter, topping analysts’ consensus estimates of $0.94 by $0.30. The firm had revenue of $316.38 million during the quarter, compared to analysts’ expectations of $300.35 million. Criteo had a return on equity of 12.33% and a net margin of 2.96%. On average, analysts forecast that Criteo will post 2.3 EPS for the current fiscal year.

Insider Activity

In related news, insider Ryan Damon sold 7,959 shares of the stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $32.69, for a total transaction of $260,179.71. Following the completion of the sale, the insider now owns 144,545 shares of the company’s stock, valued at approximately $4,725,176.05. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Criteo news, CEO Megan Clarken sold 5,485 shares of the business’s stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $35.00, for a total transaction of $191,975.00. Following the transaction, the chief executive officer now owns 552,933 shares in the company, valued at $19,352,655. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Ryan Damon sold 7,959 shares of the stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $32.69, for a total value of $260,179.71. Following the completion of the sale, the insider now owns 144,545 shares of the company’s stock, valued at approximately $4,725,176.05. The disclosure for this sale can be found here. Insiders have sold 110,268 shares of company stock valued at $3,736,371 in the last three months. Corporate insiders own 1.10% of the company’s stock.

Hedge Funds Weigh In On Criteo

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Lord Abbett & CO. LLC lifted its position in shares of Criteo by 3.5% during the first quarter. Lord Abbett & CO. LLC now owns 1,100,902 shares of the information services provider’s stock worth $38,608,000 after purchasing an additional 37,364 shares in the last quarter. Sei Investments Co. lifted its holdings in Criteo by 0.8% in the 1st quarter. Sei Investments Co. now owns 101,186 shares of the information services provider’s stock worth $3,549,000 after buying an additional 768 shares in the last quarter. Susquehanna Fundamental Investments LLC purchased a new position in Criteo in the 1st quarter valued at about $333,000. Duality Advisers LP purchased a new position in Criteo in the 1st quarter valued at about $341,000. Finally, GSA Capital Partners LLP increased its position in shares of Criteo by 63.0% during the first quarter. GSA Capital Partners LLP now owns 72,339 shares of the information services provider’s stock worth $2,537,000 after acquiring an additional 27,947 shares during the last quarter. Hedge funds and other institutional investors own 94.27% of the company’s stock.

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.