Criteo (NASDAQ:CRTO) Price Target Lowered to $49.00 at BMO Capital Markets

Criteo (NASDAQ:CRTO - Free Report) had its price objective cut by BMO Capital Markets from $60.00 to $49.00 in a research report report published on Monday morning,Benzinga reports. They currently have an outperform rating on the information services provider's stock.

A number of other equities research analysts also recently issued reports on CRTO. JPMorgan Chase & Co. cut their target price on shares of Criteo from $48.00 to $39.00 and set a "neutral" rating for the company in a research report on Tuesday, April 8th. Stifel Nicolaus cut their price target on Criteo from $61.00 to $46.00 and set a "buy" rating for the company in a research note on Wednesday, April 23rd. DA Davidson lifted their price target on Criteo from $53.00 to $57.00 and gave the company a "buy" rating in a report on Wednesday, February 5th. StockNews.com downgraded Criteo from a "strong-buy" rating to a "buy" rating in a report on Tuesday, March 4th. Finally, Wells Fargo & Company reduced their target price on shares of Criteo from $68.00 to $66.00 and set an "overweight" rating for the company in a research note on Thursday, May 1st. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $46.70.

Criteo Trading Up 0.3 %

Shares of NASDAQ CRTO traded up $0.09 during mid-day trading on Monday, reaching $28.46. The company had a trading volume of 469,281 shares, compared to its average volume of 440,441. The company has a 50-day moving average price of $32.84 and a two-hundred day moving average price of $37.46. The stock has a market cap of $1.53 billion, a PE ratio of 16.94 and a beta of 0.63. Criteo has a 1-year low of $26.67 and a 1-year high of $49.93.

Criteo (NASDAQ:CRTO - Get Free Report) last announced its earnings results on Friday, May 2nd. The information services provider reported $1.10 EPS for the quarter, topping the consensus estimate of $0.77 by $0.33. Criteo had a net margin of 5.08% and a return on equity of 16.37%. The company had revenue of $451.43 million during the quarter, compared to analysts' expectations of $259.86 million. During the same period last year, the company posted $0.80 earnings per share. The business's revenue for the quarter was up 3.9% on a year-over-year basis. On average, research analysts expect that Criteo will post 3.09 EPS for the current year.

Insider Buying and Selling

In related news, insider Brian Gleason sold 2,841 shares of the firm's stock in a transaction on Monday, April 28th. The shares were sold at an average price of $33.89, for a total transaction of $96,281.49. Following the sale, the insider now directly owns 157,450 shares in the company, valued at $5,335,980.50. This trade represents a 1.77 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Megan Clarken sold 13,823 shares of the company's stock in a transaction on Thursday, February 13th. The stock was sold at an average price of $43.56, for a total transaction of $602,129.88. Following the completion of the transaction, the chief executive officer now directly owns 488,229 shares of the company's stock, valued at approximately $21,267,255.24. The trade was a 2.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 24,145 shares of company stock valued at $1,031,391 over the last ninety days. Insiders own 1.71% of the company's stock.

Hedge Funds Weigh In On Criteo

Hedge funds have recently made changes to their positions in the business. Waterfront Wealth Inc. lifted its position in Criteo by 0.7% during the 4th quarter. Waterfront Wealth Inc. now owns 49,161 shares of the information services provider's stock worth $1,945,000 after buying an additional 335 shares in the last quarter. TD Private Client Wealth LLC raised its stake in shares of Criteo by 21.4% during the 1st quarter. TD Private Client Wealth LLC now owns 2,413 shares of the information services provider's stock worth $85,000 after purchasing an additional 426 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of Criteo by 1.1% in the 3rd quarter. Geode Capital Management LLC now owns 49,143 shares of the information services provider's stock valued at $1,978,000 after buying an additional 518 shares during the last quarter. Assetmark Inc. grew its stake in shares of Criteo by 9.9% in the fourth quarter. Assetmark Inc. now owns 6,174 shares of the information services provider's stock valued at $244,000 after buying an additional 558 shares in the last quarter. Finally, Natixis Advisors LLC increased its holdings in Criteo by 5.9% during the first quarter. Natixis Advisors LLC now owns 12,070 shares of the information services provider's stock worth $427,000 after buying an additional 672 shares during the last quarter. 94.27% of the stock is 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.