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

Criteo (NASDAQ:CRTO) was downgraded by equities researchers at StockNews.com from a “strong-buy” rating to a “buy” rating in a report issued on Tuesday.

Several other brokerages also recently commented on CRTO. Morgan Stanley raised their target price on Criteo from $35.00 to $39.00 and gave the company an “equal weight” rating in a research note on Tuesday, July 23rd. Benchmark raised their price objective on Criteo from $45.00 to $56.00 and gave the company a “buy” rating in a research note on Friday, August 2nd. BMO Capital Markets upped their target price on Criteo from $45.00 to $55.00 and gave the stock an “outperform” rating in a research report on Friday, August 2nd. JPMorgan Chase & Co. lifted their price target 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. Finally, Macquarie upped their price objective on shares of Criteo from $45.00 to $65.00 and gave the stock an “outperform” rating in a report on Friday, August 2nd. Four investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $49.80.

Criteo Stock Performance

Shares of CRTO opened at $48.12 on Tuesday. The firm has a market cap of $2.73 billion, a PE ratio of 49.61 and a beta of 0.99. Criteo has a 52-week low of $22.10 and a 52-week high of $49.00. The business’s 50 day moving average price is $40.85 and its two-hundred day moving average price is $36.70.

Criteo (NASDAQ:CRTO) last released its quarterly earnings data on Thursday, August 1st. The information services provider reported $1.08 earnings per share for the quarter, beating the consensus estimate of $0.77 by $0.31. The company had revenue of $471.31 million during the quarter, compared to analyst estimates of $263.64 million. Criteo had a net margin of 4.54% and a return on equity of 15.64%. Criteo’s revenue for the quarter was up .5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.12 EPS. Research analysts predict that Criteo will post 2.26 EPS for the current fiscal year.

Insider Transactions at Criteo

In related news, CFO Sarah Js Glickman sold 5,496 shares of the business’s stock in a transaction dated Tuesday, July 23rd. The shares were sold at an average price of $45.49, for a total transaction of $250,013.04. Following the transaction, the chief financial officer now directly owns 320,201 shares in the company, valued at $14,565,943.49. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, CEO Megan Clarken sold 3,894 shares of the firm’s stock in a transaction on Friday, May 24th. The stock was sold at an average price of $38.99, for a total transaction of $151,827.06. Following the completion of the sale, the chief executive officer now directly owns 533,202 shares of the company’s stock, valued at approximately $20,789,545.98. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CFO Sarah Js Glickman sold 5,496 shares of Criteo stock in a transaction on Tuesday, July 23rd. The stock was sold at an average price of $45.49, for a total value of $250,013.04. Following the sale, the chief financial officer now owns 320,201 shares in the company, valued at $14,565,943.49. The disclosure for this sale can be found here. Insiders sold a total of 18,463 shares of company stock worth $755,267 in the last quarter. 1.71% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Criteo

A number of hedge funds have recently modified their holdings of CRTO. Cubist Systematic Strategies LLC grew its stake in shares of Criteo by 93.2% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 107,553 shares of the information services provider’s stock worth $4,057,000 after acquiring an additional 51,870 shares during the period. EverSource Wealth Advisors LLC boosted its position 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 purchasing an additional 1,250 shares during the period. Sei Investments Co. increased its stake in shares of Criteo by 1.6% in the second quarter. Sei Investments Co. now owns 102,768 shares of the information services provider’s stock worth $3,876,000 after purchasing an additional 1,582 shares in the last quarter. Inspire Investing LLC bought a new stake in shares of Criteo in the second quarter valued at approximately $819,000. Finally, Mercer Global Advisors Inc. ADV lifted its stake in shares of Criteo by 40.9% during the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 14,266 shares of the information services provider’s stock valued at $538,000 after buying an additional 4,142 shares in the last quarter. Institutional investors 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.