Criteo (NASDAQ:CRTO) Price Target Lowered to $39.00 at JPMorgan Chase & Co.

Criteo (NASDAQ:CRTO - Get Free Report) had its price objective cut by equities researchers at JPMorgan Chase & Co. from $48.00 to $39.00 in a research report issued on Tuesday,Benzinga reports. The brokerage presently has a "neutral" rating on the information services provider's stock. JPMorgan Chase & Co.'s price target suggests a potential upside of 33.50% from the stock's previous close.

A number of other research analysts have also recently commented on CRTO. Benchmark restated a "buy" rating and issued a $51.00 price target on shares of Criteo in a research report on Tuesday, February 4th. Morgan Stanley raised their target price on shares of Criteo from $42.00 to $44.00 and gave the company an "equal weight" rating in a report on Thursday, February 6th. DA Davidson upped their price target on shares of Criteo from $53.00 to $57.00 and gave the stock a "buy" rating in a report on Wednesday, February 5th. Stifel Nicolaus reissued a "buy" rating and issued a $61.00 price objective (up from $59.00) on shares of Criteo in a research note on Thursday, February 6th. Finally, BMO Capital Markets upped their target price on Criteo from $48.00 to $60.00 and gave the stock an "outperform" rating in a research note on Thursday, February 6th. 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, the company presently has an average rating of "Moderate Buy" and an average target price of $51.80.

Get Our Latest Report on CRTO

Criteo Stock Down 0.2 %

Shares of Criteo stock traded down $0.07 during trading on Tuesday, reaching $29.21. The company's stock had a trading volume of 82,485 shares, compared to its average volume of 423,040. The business's 50-day moving average price is $38.53 and its 200-day moving average price is $39.29. Criteo has a 52 week low of $28.29 and a 52 week high of $49.93. The firm has a market cap of $1.69 billion, a PE ratio of 17.47 and a beta of 0.74.

Criteo (NASDAQ:CRTO - Get Free Report) last posted its quarterly earnings data on Wednesday, February 5th. The information services provider reported $1.41 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.37 by $0.04. Criteo had a net margin of 5.08% and a return on equity of 16.37%. Equities analysts predict that Criteo will post 3.09 earnings per share for the current year.

Insiders Place Their Bets

In related news, CEO Megan Clarken sold 13,823 shares of the company's stock in a transaction that occurred on Thursday, February 13th. The stock was sold at an average price of $43.56, for a total value of $602,129.88. Following the sale, the chief executive officer now directly owns 488,229 shares in the company, valued at $21,267,255.24. This represents a 2.75 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Brian Gleason sold 1,924 shares of the firm's stock in a transaction that occurred on Friday, January 31st. The stock was sold at an average price of $38.08, for a total transaction of $73,265.92. Following the transaction, the insider now owns 137,161 shares of the company's stock, valued at approximately $5,223,090.88. The trade was a 1.38 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 26,363 shares of company stock valued at $1,124,213 in the last ninety days. 1.71% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Criteo

Hedge funds have recently added to or reduced their stakes in the business. GAMMA Investing LLC lifted its position in shares of Criteo by 2,217.2% during the 1st quarter. GAMMA Investing LLC now owns 37,747 shares of the information services provider's stock valued at $1,337,000 after acquiring an additional 36,118 shares during the period. Vega Investment Solutions bought a new position in shares of Criteo during the 4th quarter worth about $41,000. Two Sigma Advisers LP grew its stake in shares of Criteo by 102.7% in the 4th quarter. Two Sigma Advisers LP now owns 564,000 shares of the information services provider's stock valued at $22,312,000 after buying an additional 285,800 shares during the period. Two Sigma Investments LP increased its position in Criteo by 17.3% in the 4th quarter. Two Sigma Investments LP now owns 360,616 shares of the information services provider's stock valued at $14,266,000 after buying an additional 53,230 shares in the last quarter. Finally, State of Wyoming boosted its holdings in Criteo by 15.5% in the fourth quarter. State of Wyoming now owns 17,509 shares of the information services provider's stock worth $693,000 after acquiring an additional 2,351 shares in the last quarter. 94.27% of the stock is currently owned by 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.

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