Criteo (NASDAQ:CRTO) Stock Rating Lowered by StockNews.com

Criteo (NASDAQ:CRTO) was downgraded by StockNews.com from a “buy” rating to a “hold” rating in a research report issued on Monday.

Other equities research analysts also recently issued reports about the company. DA Davidson cut their target price on Criteo from $58.00 to $53.00 and set a “buy” rating for the company in a research report on Thursday. JPMorgan Chase & Co. upped their target price on Criteo from $40.00 to $50.00 and gave the stock a “neutral” rating in a research report on Friday, August 2nd. Morgan Stanley increased their price objective on Criteo from $35.00 to $39.00 and gave the company an “equal weight” rating in a research report on Tuesday, July 23rd. Benchmark reiterated a “buy” rating and set a $56.00 price objective on shares of Criteo in a research report on Thursday, October 10th. Finally, BMO Capital Markets increased their price objective on Criteo from $45.00 to $55.00 and gave the company an “outperform” rating in a research report on Friday, August 2nd. Five research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $51.22.

Criteo Price Performance

CRTO stock traded up $0.96 on Monday, reaching $34.40. The company’s stock had a trading volume of 503,828 shares, compared to its average volume of 365,756. Criteo has a 52 week low of $22.65 and a 52 week high of $49.93. The company has a market capitalization of $1.93 billion, a P/E ratio of 23.40 and a beta of 1.02. The firm has a fifty day moving average of $41.98 and a two-hundred day moving average of $40.75.

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

Insider Buying and Selling

In other Criteo news, insider Brian Gleason sold 2,841 shares of the firm’s stock in a transaction dated Tuesday, October 29th. The stock was sold at an average price of $41.10, for a total transaction of $116,765.10. Following the transaction, the insider now directly owns 146,470 shares in the company, valued at $6,019,917. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, CFO Sarah Js Glickman sold 5,442 shares of Criteo stock in a transaction dated Wednesday, October 23rd. The stock was 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 approximately $12,723,958.80. 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 accessible through this hyperlink. Also, insider Brian Gleason sold 2,841 shares of Criteo stock in a transaction dated Tuesday, October 29th. The stock was sold at an average price of $41.10, for a total value of $116,765.10. Following the completion of the transaction, the insider now 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 disclosure for this sale can be found here. 1.71% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Criteo

A number of institutional investors have recently made changes to their positions in the business. GAMMA Investing LLC raised its stake in Criteo by 67.3% during the second quarter. GAMMA Investing LLC now owns 738 shares of the information services provider’s stock worth $28,000 after acquiring an additional 297 shares in the last quarter. USA Financial Formulas bought a new position in Criteo during the 3rd quarter valued at about $31,000. Farther Finance Advisors LLC acquired a new position in Criteo in the third quarter valued at about $50,000. EverSource Wealth Advisors LLC grew its stake in Criteo by 868.1% during the second quarter. EverSource Wealth Advisors LLC now owns 1,394 shares of the information services provider’s stock worth $53,000 after buying an additional 1,250 shares during the last quarter. Finally, Covestor Ltd raised its stake in shares of Criteo by 64.1% in the first quarter. Covestor Ltd now owns 1,838 shares of the information services provider’s stock valued at $64,000 after acquiring an additional 718 shares during 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.