Criteo (NASDAQ:CRTO) Price Target Lowered to $36.00 at Susquehanna

Criteo (NASDAQ:CRTO) had its price target cut by stock analysts at Susquehanna from $50.00 to $36.00 in a report issued on Thursday, Benzinga reports. The firm presently has a “neutral” rating on the information services provider’s stock. Susquehanna’s target price would suggest a potential upside of 7.66% from the company’s current price.

A number of other equities analysts have also weighed in on CRTO. JPMorgan Chase & Co. boosted their price objective on shares of Criteo from $40.00 to $50.00 and gave the company a “neutral” rating in a research report on Friday, August 2nd. Morgan Stanley increased their target price on shares of Criteo from $35.00 to $39.00 and gave the stock an “equal weight” rating in a report on Tuesday, July 23rd. Benchmark reaffirmed a “buy” rating and issued a $56.00 price objective on shares of Criteo in a report on Thursday, October 10th. KeyCorp lowered shares of Criteo from an “overweight” rating to a “sector weight” rating in a research report on Tuesday, July 30th. Finally, Wells Fargo & Company assumed coverage on shares of Criteo in a report on Monday, October 28th. They issued an “overweight” rating and a $70.00 target price for the company. Four analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, Criteo presently has an average rating of “Moderate Buy” and an average price target of $51.22.

Criteo Price Performance

Shares of Criteo stock opened at $33.44 on Thursday. Criteo has a 12 month low of $22.10 and a 12 month high of $49.93. The business has a 50-day moving average of $42.30 and a 200 day moving average of $40.66. The stock has a market capitalization of $1.87 billion, a price-to-earnings ratio of 22.75 and a beta of 0.99.

Criteo (NASDAQ:CRTO) last posted its quarterly earnings data 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. The company had revenue of $471.31 million for the quarter, compared to analyst estimates of $263.64 million. Criteo had a net margin of 4.52% and a return on equity of 15.56%. Criteo’s quarterly revenue was up .5% on a year-over-year basis. During the same period in the previous year, the business posted $0.12 earnings per share. Equities research analysts anticipate that Criteo will post 2.8 earnings per share for the current year.

Insider Buying and Selling

In related news, CFO Sarah Js Glickman sold 5,442 shares of the company’s stock in a transaction dated Wednesday, October 23rd. The shares were sold at an average price of $40.60, for a total transaction of $220,945.20. Following the transaction, the chief financial officer now owns 313,398 shares in the company, valued at $12,723,958.80. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, insider Brian Gleason sold 2,841 shares of the 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 completion of the sale, the insider now directly owns 146,470 shares of the company’s stock, valued at approximately $6,019,917. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Sarah Js Glickman sold 5,442 shares of the stock in a transaction that occurred on Wednesday, October 23rd. The stock was sold at an average price of $40.60, for a total value of $220,945.20. Following the sale, the chief financial officer now directly owns 313,398 shares of the company’s stock, valued at approximately $12,723,958.80. 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.

Institutional Investors Weigh In On Criteo

Several large investors have recently made changes to their positions in CRTO. GAMMA Investing LLC lifted its holdings in Criteo by 67.3% during the 2nd quarter. GAMMA Investing LLC now owns 738 shares of the information services provider’s stock valued at $28,000 after purchasing an additional 297 shares during the last quarter. USA Financial Formulas bought a new position in shares of Criteo in the third quarter worth $31,000. Farther Finance Advisors LLC bought a new position in shares of Criteo in the third quarter worth $50,000. EverSource Wealth Advisors LLC grew its position in Criteo by 868.1% in the second quarter. EverSource Wealth Advisors LLC now owns 1,394 shares of the information services provider’s stock valued at $53,000 after acquiring an additional 1,250 shares during the last quarter. Finally, Covestor Ltd boosted its stake in shares of Criteo by 64.1% during the first quarter. Covestor Ltd now owns 1,838 shares of the information services provider’s stock valued at $64,000 after purchasing an additional 718 shares in the last quarter. 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.