Criteo (NASDAQ:CRTO) Stock Price Down 6.7% Following Analyst Downgrade

Criteo S.A. (NASDAQ:CRTO - Get Free Report) dropped 6.7% during mid-day trading on Monday after DA Davidson lowered their price target on the stock from $57.00 to $42.00. DA Davidson currently has a buy rating on the stock. Criteo traded as low as $28.00 and last traded at $27.49. Approximately 122,037 shares traded hands during mid-day trading, a decline of 72% from the average daily volume of 434,366 shares. The stock had previously closed at $29.47.

A number of other brokerages have also recently commented on CRTO. JPMorgan Chase & Co. lowered their price target on Criteo from $39.00 to $27.00 and set a "neutral" rating for the company in a research note on Monday, May 5th. BMO Capital Markets dropped their price objective on Criteo from $60.00 to $49.00 and set an "outperform" rating on the stock in a research note on Monday, May 5th. Susquehanna decreased their target price on Criteo from $50.00 to $38.00 and set a "neutral" rating for the company in a research note on Wednesday, April 30th. Benchmark reaffirmed a "buy" rating and set a $51.00 price target on shares of Criteo in a research report on Tuesday, February 4th. Finally, StockNews.com lowered Criteo from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, March 4th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have issued a buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $46.70.

Insider Transactions at Criteo

In other Criteo news, insider Brian Gleason sold 2,841 shares of the firm's stock in a transaction that occurred on Monday, April 28th. The stock was sold at an average price of $33.89, for a total value of $96,281.49. Following the completion of the transaction, 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Megan Clarken sold 13,823 shares of the company's stock in a transaction that occurred on Thursday, February 13th. The stock was sold at an average price of $43.56, for a total value of $602,129.88. Following the sale, 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 a total of 24,145 shares of company stock worth $1,031,391 in the last three months. Insiders own 1.71% of the company's stock.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. Barclays PLC raised its stake in Criteo by 40.6% in the third quarter. Barclays PLC now owns 6,186 shares of the information services provider's stock valued at $249,000 after buying an additional 1,787 shares during the period. JPMorgan Chase & Co. raised 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 acquiring an additional 80,424 shares during the period. Janney Montgomery Scott LLC acquired a new stake in Criteo during the 4th quarter valued at $510,000. Blue Trust Inc. boosted its position in Criteo by 51.9% during the fourth quarter. Blue Trust Inc. now owns 5,605 shares of the information services provider's stock worth $226,000 after purchasing an additional 1,916 shares during the period. Finally, KBC Group NV acquired a new position in shares of Criteo in the fourth quarter valued at $2,887,000. 94.27% of the stock is currently owned by institutional investors and hedge funds.

Criteo Price Performance

The company has a market capitalization of $1.53 billion, a P/E ratio of 16.94 and a beta of 0.63. The company's 50-day moving average price is $32.84 and its two-hundred day moving average price is $37.46.

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

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.