Criteo (NASDAQ:CRTO) Price Target Cut to $36.00 by Analysts at Susquehanna

Criteo (NASDAQ:CRTO) had its price target lowered by Susquehanna from $50.00 to $36.00 in a report published on Thursday, Benzinga reports. Susquehanna currently has a neutral rating on the information services provider’s stock.

CRTO has been the topic of several other reports. Wells Fargo & Company started coverage on Criteo in a report on Monday. They issued an “overweight” rating and a $70.00 price objective on the stock. Morgan Stanley raised their target price on shares of Criteo from $35.00 to $39.00 and gave the stock an “equal weight” rating in a research note on Tuesday, July 23rd. KeyCorp lowered shares of Criteo from an “overweight” rating to a “sector weight” rating in a report on Tuesday, July 30th. BMO Capital Markets boosted their target price on Criteo from $45.00 to $55.00 and gave the company an “outperform” rating in a research report on Friday, August 2nd. Finally, Benchmark reissued a “buy” rating and issued a $56.00 target price on shares of Criteo in a research report on Thursday, October 10th. Four investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, Criteo presently has a consensus rating of “Moderate Buy” and an average target price of $51.22.

Criteo Trading Down 0.6 %

CRTO traded down $0.19 during midday trading on Thursday, hitting $33.49. 89,866 shares of the company were exchanged, compared to its average volume of 361,519. Criteo has a 1-year low of $22.10 and a 1-year high of $49.93. The firm has a market capitalization of $1.88 billion, a price-to-earnings ratio of 22.91 and a beta of 0.99. The company’s 50 day simple moving average is $42.60 and its 200 day simple moving average is $40.71.

Criteo (NASDAQ:CRTO) last posted its earnings results on Thursday, August 1st. The information services provider reported $1.08 EPS for the quarter, beating analysts’ consensus estimates of $0.77 by $0.31. Criteo had a return on equity of 15.56% and a net margin of 4.52%. The firm had revenue of $471.31 million for the quarter, compared to analysts’ expectations of $263.64 million. During the same period last year, the firm earned $0.12 EPS. The company’s quarterly revenue was up .5% on a year-over-year basis. On average, equities analysts anticipate that Criteo will post 2.8 EPS for the current year.

Insider Buying and Selling at Criteo

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in CRTO. QRG Capital Management Inc. boosted its holdings in Criteo by 3.5% in the 3rd quarter. QRG Capital Management Inc. now owns 15,518 shares of the information services provider’s stock valued at $624,000 after purchasing an additional 518 shares in the last quarter. Robeco Institutional Asset Management B.V. raised its position in Criteo by 518.9% in the third quarter. Robeco Institutional Asset Management B.V. now owns 81,001 shares of the information services provider’s stock worth $3,259,000 after acquiring an additional 67,913 shares in the last quarter. VELA Investment Management LLC boosted its position in shares of Criteo by 15.3% during the 3rd quarter. VELA Investment Management LLC now owns 111,624 shares of the information services provider’s stock worth $4,492,000 after purchasing an additional 14,779 shares in the last quarter. Farther Finance Advisors LLC acquired a new stake in shares of Criteo in the third quarter valued at about $50,000. Finally, Congress Asset Management Co. purchased a new stake in Criteo during the third quarter worth about $48,653,000. 94.27% of the stock is currently owned by institutional investors and hedge funds.

Criteo Company Profile

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.