Criteo (NASDAQ:CRTO) Price Target Cut to $53.00 by Analysts at DA Davidson

Criteo (NASDAQ:CRTO) had its price target cut by DA Davidson from $58.00 to $53.00 in a research note released on Thursday, Benzinga reports. They currently have a buy rating on the information services provider’s stock.

A number of other analysts have also recently commented on CRTO. Susquehanna upped their price target on shares of Criteo from $40.00 to $50.00 and gave the company a “neutral” rating in a research note on Friday, August 2nd. Morgan Stanley raised their price target on Criteo from $35.00 to $39.00 and gave the stock an “equal weight” rating in a report on Tuesday, July 23rd. BMO Capital Markets increased their price objective on Criteo from $45.00 to $55.00 and gave the stock an “outperform” rating in a report on Friday, August 2nd. StockNews.com cut Criteo from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, August 21st. Finally, Benchmark reaffirmed a “buy” rating and set a $56.00 price objective on shares of Criteo in a research note on Thursday, October 10th. Four analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $51.22.

Criteo Stock Down 0.6 %

Criteo stock traded down $0.19 during trading on Thursday, hitting $33.49. The stock had a trading volume of 89,866 shares, compared to its average volume of 361,519. The stock’s 50 day moving average is $42.60 and its two-hundred day moving average is $40.71. Criteo has a 1 year low of $22.10 and a 1 year high of $49.93. The stock has a market cap of $1.88 billion, a price-to-earnings ratio of 22.91 and a beta of 0.99.

Criteo (NASDAQ:CRTO) last announced its quarterly earnings data on Thursday, August 1st. The information services provider reported $1.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.77 by $0.31. The business had revenue of $471.31 million for the quarter, compared to analysts’ expectations of $263.64 million. Criteo had a return on equity of 15.56% and a net margin of 4.52%. The firm’s quarterly revenue was up .5% compared to the same quarter last year. During the same period in the previous year, the business posted $0.12 EPS. As a group, equities research analysts anticipate that Criteo will post 2.8 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, insider Brian Gleason sold 2,841 shares of Criteo stock in a transaction that occurred on Tuesday, October 29th. The stock was sold at an average price of $41.10, for a total transaction of $116,765.10. Following the sale, the insider now directly owns 146,470 shares in the company, valued at $6,019,917. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Criteo news, insider Brian Gleason sold 2,841 shares of the business’s stock in a transaction on Tuesday, October 29th. The stock was sold at an average price of $41.10, for a total value of $116,765.10. Following the sale, the insider now directly owns 146,470 shares of the company’s stock, valued at approximately $6,019,917. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Sarah Js Glickman sold 5,442 shares of the company’s stock in a transaction that occurred on Wednesday, October 23rd. The shares were sold at an average price of $40.60, for a total value of $220,945.20. Following the completion of the transaction, the chief financial officer now directly owns 313,398 shares in the company, valued at $12,723,958.80. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.71% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Criteo

A number of large investors have recently made changes to their positions in the company. BNP Paribas Financial Markets raised its position in Criteo by 23.3% in the first quarter. BNP Paribas Financial Markets now owns 200,011 shares of the information services provider’s stock worth $7,014,000 after acquiring an additional 37,844 shares during the period. GSA Capital Partners LLP grew its stake in shares of Criteo by 63.0% during the 1st quarter. GSA Capital Partners LLP now owns 72,339 shares of the information services provider’s stock valued at $2,537,000 after acquiring an additional 27,947 shares during the period. Duality Advisers LP bought a new stake in Criteo during the 1st quarter worth approximately $341,000. Susquehanna Fundamental Investments LLC bought a new position in shares of Criteo in the first quarter worth approximately $333,000. Finally, Sei Investments Co. increased its stake in shares of Criteo by 0.8% in the first quarter. Sei Investments Co. now owns 101,186 shares of the information services provider’s stock worth $3,549,000 after purchasing an additional 768 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.