Criteo (NASDAQ:CRTO - Free Report) had its price target lowered by BMO Capital Markets from $60.00 to $49.00 in a report issued on Monday morning,Benzinga reports. The firm currently has an outperform rating on the information services provider's stock.
CRTO has been the topic of several other reports. Wells Fargo & Company lowered their price target on shares of Criteo from $68.00 to $66.00 and set an "overweight" rating on the stock in a research note on Thursday, May 1st. Benchmark reiterated a "buy" rating and set a $51.00 target price on shares of Criteo in a report on Tuesday, February 4th. StockNews.com lowered Criteo from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, March 4th. Susquehanna decreased their target price on shares of Criteo from $50.00 to $38.00 and set a "neutral" rating for the company in a research note on Wednesday, April 30th. Finally, JPMorgan Chase & Co. dropped their target price on shares of Criteo from $48.00 to $39.00 and set a "neutral" rating on the stock in a report on Tuesday, April 8th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $46.70.
View Our Latest Analysis on Criteo
Criteo Price Performance
CRTO traded down $0.05 during trading on Monday, reaching $27.66. The company had a trading volume of 284,041 shares, compared to its average volume of 437,071. The company has a market cap of $1.48 billion, a P/E ratio of 16.46 and a beta of 0.63. Criteo has a 12 month low of $26.67 and a 12 month high of $49.93. The business's fifty day moving average price is $33.21 and its 200 day moving average price is $37.64.
Criteo (NASDAQ:CRTO - Get Free Report) last released its earnings results on Friday, May 2nd. The information services provider reported $1.10 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.77 by $0.33. The firm had revenue of $451.43 million during the quarter, compared to analysts' expectations of $259.86 million. Criteo had a return on equity of 16.37% and a net margin of 5.08%. The company's revenue was up 3.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.80 EPS. As a group, sell-side analysts predict that Criteo will post 3.09 EPS for the current fiscal year.
Insider Buying and Selling at Criteo
In other news, insider Brian Gleason sold 2,841 shares of the business's stock in a transaction on Monday, April 28th. The stock was sold at an average price of $33.89, for a total transaction of $96,281.49. Following the completion of the transaction, the insider now owns 157,450 shares of the company's stock, valued at approximately $5,335,980.50. The trade was a 1.77 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Megan Clarken sold 13,823 shares of Criteo stock in a transaction dated Thursday, February 13th. The shares were sold at an average price of $43.56, for a total value of $602,129.88. Following the completion of the transaction, the chief executive officer now owns 488,229 shares in the company, valued at approximately $21,267,255.24. This represents a 2.75 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 24,145 shares of company stock valued at $1,031,391 in the last three months. Corporate insiders own 1.71% of the company's stock.
Institutional Investors Weigh In On Criteo
A number of hedge funds have recently made changes to their positions in CRTO. JPMorgan Chase & Co. lifted its stake in Criteo by 31.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 337,880 shares of the information services provider's stock valued at $13,596,000 after purchasing an additional 80,424 shares during the last quarter. Barclays PLC grew its position in Criteo by 40.6% during the 3rd quarter. Barclays PLC now owns 6,186 shares of the information services provider's stock worth $249,000 after acquiring an additional 1,787 shares during the last quarter. KBC Group NV acquired a new position in Criteo in the 4th quarter worth about $2,887,000. Blue Trust Inc. raised its position in Criteo by 51.9% in the fourth quarter. Blue Trust Inc. now owns 5,605 shares of the information services provider's stock valued at $226,000 after purchasing an additional 1,916 shares during the last quarter. Finally, Amundi acquired a new stake in shares of Criteo during the fourth quarter valued at about $1,330,000. 94.27% of the stock is currently owned by institutional investors and hedge funds.
About Criteo
(
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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.
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