DA Davidson Increases Criteo (NASDAQ:CRTO) Price Target to $57.00

Criteo (NASDAQ:CRTO) had its price target increased by DA Davidson from $53.00 to $57.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The brokerage currently has a “buy” rating on the information services provider’s stock. DA Davidson’s target price points to a potential upside of 24.21% from the company’s current price.

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

Criteo Trading Up 1.6 %

Shares of CRTO stock opened at $45.89 on Wednesday. The company has a market cap of $2.53 billion, a P/E ratio of 31.22 and a beta of 1.05. The firm has a fifty day moving average price of $40.15 and a 200 day moving average price of $41.60. Criteo has a 12 month low of $30.11 and a 12 month high of $49.93.

Criteo (NASDAQ:CRTO) last announced its quarterly earnings results on Wednesday, February 5th. The information services provider reported $1.41 EPS for the quarter, beating the consensus estimate of $1.37 by $0.04. Criteo had a net margin of 4.52% and a return on equity of 15.56%. On average, equities analysts forecast that Criteo will post 2.67 EPS for the current year.

Insider Activity at Criteo

In other news, CEO Megan Clarken sold 9,284 shares of the company’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $40.36, for a total transaction of $374,702.24. Following the completion of the transaction, the chief executive officer now owns 509,145 shares in the company, valued at approximately $20,549,092.20. This represents a 1.79 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Sarah Js Glickman sold 1,520 shares of the business’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $40.36, for a total transaction of $61,347.20. Following the transaction, the chief financial officer now directly owns 311,878 shares of the company’s stock, valued at $12,587,396.08. The trade was a 0.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 21,541 shares of company stock valued at $860,406 over the last three months. 1.71% of the stock is owned by insiders.

Institutional Investors Weigh In On Criteo

Institutional investors have recently bought and sold shares of the stock. USA Financial Formulas bought a new position in shares of Criteo during the 3rd quarter valued at about $31,000. Farther Finance Advisors LLC bought a new stake in Criteo during the third quarter worth approximately $50,000. GAMMA Investing LLC grew its position in Criteo by 117.8% in the third quarter. GAMMA Investing LLC now owns 1,607 shares of the information services provider’s stock worth $65,000 after buying an additional 869 shares during the last quarter. Blue Trust Inc. increased its holdings in shares of Criteo by 99.5% in the third quarter. Blue Trust Inc. now owns 3,689 shares of the information services provider’s stock valued at $139,000 after buying an additional 1,840 shares in the last quarter. Finally, Palumbo Wealth Management LLC acquired a new stake in shares of Criteo during the 4th quarter valued at $208,000. Institutional investors and hedge funds 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.