Benchmark Has Lowered Expectations for Criteo (NASDAQ:CRTO) Stock Price

Criteo (NASDAQ:CRTO - Free Report) had its price objective lowered by Benchmark from $46.00 to $42.00 in a research report released on Tuesday morning,Benzinga reports. Benchmark currently has a buy rating on the information services provider's stock.

A number of other equities research analysts have also recently commented on the stock. DA Davidson reduced their target price on shares of Criteo from $57.00 to $42.00 and set a "buy" rating for the company in a research report on Tuesday, May 6th. Citigroup restated an "underperform" rating on shares of Criteo in a research report on Friday, April 25th. Susquehanna cut their price objective on shares of Criteo from $50.00 to $38.00 and set a "neutral" rating for the company in a research report on Wednesday, April 30th. Morgan Stanley cut their price objective on shares of Criteo from $40.00 to $36.00 and set an "equal weight" rating for the company in a research report on Monday, May 5th. Finally, BMO Capital Markets cut their price objective on shares of Criteo from $60.00 to $49.00 and set an "outperform" rating for the company in a research report on Monday, May 5th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, Criteo presently has a consensus rating of "Moderate Buy" and a consensus target price of $45.30.

Criteo Stock Performance

Shares of NASDAQ CRTO traded up $0.09 during mid-day trading on Tuesday, reaching $23.28. The company's stock had a trading volume of 111,864 shares, compared to its average volume of 437,539. The stock has a 50-day moving average of $24.87 and a two-hundred day moving average of $32.05. The stock has a market capitalization of $1.35 billion, a P/E ratio of 9.46 and a beta of 0.48. Criteo has a 1-year low of $22.99 and a 1-year high of $49.93.

Criteo (NASDAQ:CRTO - Get Free Report) last issued its earnings results on Friday, May 2nd. The information services provider reported $1.10 EPS for the quarter, beating analysts' consensus estimates of $0.77 by $0.33. The business had revenue of $451.43 million during the quarter, compared to analysts' expectations of $259.86 million. Criteo had a net margin of 7.41% and a return on equity of 18.21%. The company's quarterly revenue was up 3.9% compared to the same quarter last year. During the same period in the prior year, the business earned $0.80 earnings per share. Analysts predict that Criteo will post 3.09 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, insider Ryan Damon sold 1,263 shares of the stock in a transaction on Tuesday, May 27th. The stock was sold at an average price of $26.12, for a total value of $32,989.56. Following the completion of the transaction, the insider owned 130,739 shares of the company's stock, valued at approximately $3,414,902.68. This represents a 0.96% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CFO Sarah Js Glickman sold 1,520 shares of the firm's stock in a transaction dated Tuesday, May 27th. The shares were sold at an average price of $26.12, for a total value of $39,702.40. Following the transaction, the chief financial officer directly owned 361,190 shares of the company's stock, valued at $9,434,282.80. This represents a 0.42% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 12,707 shares of company stock valued at $351,786 over the last three months. Company insiders own 1.66% of the company's stock.

Institutional Investors Weigh In On Criteo

Several hedge funds have recently bought and sold shares of the business. Vega Investment Solutions purchased a new stake in shares of Criteo during the 4th quarter worth about $41,000. Jones Financial Companies Lllp increased its holdings in shares of Criteo by 1,376.7% during the 1st quarter. Jones Financial Companies Lllp now owns 1,270 shares of the information services provider's stock valued at $45,000 after acquiring an additional 1,184 shares during the last quarter. Blue Trust Inc. increased its holdings in shares of Criteo by 81.2% during the 2nd quarter. Blue Trust Inc. now owns 2,878 shares of the information services provider's stock valued at $69,000 after acquiring an additional 1,290 shares during the last quarter. TD Private Client Wealth LLC increased its holdings 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 valued at $85,000 after acquiring an additional 426 shares during the last quarter. Finally, Wells Fargo & Company MN increased its holdings in shares of Criteo by 53.2% during the 4th quarter. Wells Fargo & Company MN now owns 4,192 shares of the information services provider's stock valued at $166,000 after acquiring an additional 1,455 shares during the last quarter. 94.27% of the stock is owned by hedge funds and other institutional investors.

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.