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

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

CRTO has been the topic of a number of other research reports. Benchmark reissued a “buy” rating and set a $56.00 price objective on shares of Criteo in a report on Thursday, October 10th. JPMorgan Chase & Co. increased 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. KeyCorp cut shares of Criteo from an “overweight” rating to a “sector weight” rating in a research report on Tuesday, July 30th. StockNews.com downgraded Criteo from a “strong-buy” rating to a “buy” rating in a report on Wednesday, August 21st. Finally, Wells Fargo & Company began coverage on Criteo in a research note 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 assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Criteo currently has an average rating of “Moderate Buy” and a consensus target price of $51.22.

Criteo Price Performance

NASDAQ CRTO opened at $33.44 on Thursday. The stock’s 50 day simple moving average is $41.98 and its 200 day simple moving average is $40.70. Criteo has a one year low of $22.10 and a one year high of $49.93. The firm has a market cap of $1.87 billion, a PE ratio of 22.75 and a beta of 0.99.

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

Insider Activity

In related news, insider Brian Gleason sold 2,841 shares of Criteo stock in a transaction 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 $6,019,917. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, insider Brian Gleason sold 2,841 shares of the stock in a transaction that occurred 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 sale, 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 position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Sarah Js Glickman sold 5,442 shares of Criteo stock in a transaction that occurred on Wednesday, October 23rd. The stock was sold at an average price of $40.60, for a total transaction 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. The trade was 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 company insiders.

Hedge Funds Weigh In On Criteo

Institutional investors and hedge funds have recently made changes to their positions in the company. Congress Asset Management Co. acquired a new stake in Criteo during the 3rd quarter worth $48,653,000. Clearbridge Investments LLC bought a new stake in shares of Criteo in the second quarter worth about $11,059,000. Robeco Institutional Asset Management B.V. raised its position in shares of Criteo by 518.9% during 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 purchasing an additional 67,913 shares during the period. Cubist Systematic Strategies LLC raised its position in shares of Criteo by 93.2% during the second quarter. Cubist Systematic Strategies LLC now owns 107,553 shares of the information services provider’s stock worth $4,057,000 after purchasing an additional 51,870 shares during the period. Finally, Susquehanna Fundamental Investments LLC grew its position in shares of Criteo by 523.1% in the 2nd quarter. Susquehanna Fundamental Investments LLC now owns 59,199 shares of the information services provider’s stock valued at $2,233,000 after purchasing an additional 49,699 shares during the period. Institutional investors and hedge funds own 94.27% of the company’s stock.

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.