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

Criteo S.A. (NASDAQ:CRTO - Get Free Report)'s stock price traded down 6.7% during trading on Monday after JPMorgan Chase & Co. lowered their price target on the stock from $39.00 to $27.00. JPMorgan Chase & Co. currently has a neutral rating on the stock. Criteo traded as low as $28.00 and last traded at $27.49. 122,037 shares changed hands during mid-day trading, a decline of 72% from the average session volume of 434,366 shares. The stock had previously closed at $29.47.

A number of other research firms have also recently commented on CRTO. Susquehanna cut their target price on Criteo from $50.00 to $38.00 and set a "neutral" rating on the stock in a research report on Wednesday, April 30th. Stifel Nicolaus reduced their price target on shares of Criteo from $61.00 to $46.00 and set a "buy" rating for the company in a research report on Wednesday, April 23rd. Benchmark reiterated a "buy" rating and issued a $51.00 price objective on shares of Criteo in a research report on Tuesday, February 4th. Citigroup restated an "underperform" rating on shares of Criteo in a research note on Friday, April 25th. Finally, BMO Capital Markets dropped their price target on shares of Criteo from $60.00 to $49.00 and set an "outperform" rating on the stock in a research note on Monday. One research analyst has rated the stock with a sell rating, four have given a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $48.20.

Insider Transactions at Criteo

In other Criteo 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 sale, the insider now directly owns 157,450 shares in the company, valued at approximately $5,335,980.50. The trade was a 1.77 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Megan Clarken sold 7,481 shares of the stock in a transaction dated Tuesday, February 11th. The shares were sold at an average price of $44.51, for a total transaction of $332,979.31. Following the completion of the sale, the chief executive officer now directly owns 502,052 shares in the company, valued at approximately $22,346,334.52. The trade was a 1.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 24,145 shares of company stock valued at $1,031,391 in the last quarter. 1.71% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Criteo

A number of institutional investors have recently modified their holdings of CRTO. TD Private Client Wealth LLC grew its holdings in Criteo by 21.4% in 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 buying an additional 426 shares during the period. Envestnet Asset Management Inc. grew its position in Criteo by 10.1% during the first quarter. Envestnet Asset Management Inc. now owns 102,453 shares of the information services provider's stock valued at $3,628,000 after acquiring an additional 9,382 shares during the period. VELA Investment Management LLC increased its position in Criteo by 20.2% during the 1st quarter. VELA Investment Management LLC now owns 188,744 shares of the information services provider's stock worth $6,683,000 after purchasing an additional 31,758 shares in the last quarter. Waterfront Wealth Inc. raised its stake in shares of Criteo by 7.4% in the 1st quarter. Waterfront Wealth Inc. now owns 52,781 shares of the information services provider's stock valued at $1,869,000 after acquiring an additional 3,620 shares during the period. Finally, Robeco Institutional Asset Management B.V. lifted its stake in shares of Criteo by 8.3% during the first quarter. Robeco Institutional Asset Management B.V. now owns 37,939 shares of the information services provider's stock worth $1,343,000 after purchasing an additional 2,900 shares in the last quarter. Institutional investors and hedge funds own 94.27% of the company's stock.

Criteo Trading Down 8.6 %

The stock has a market capitalization of $1.55 billion, a price-to-earnings ratio of 15.95 and a beta of 0.63. The firm has a 50-day moving average of $33.86 and a 200 day moving average of $37.88.

Criteo (NASDAQ:CRTO - Get Free Report) last posted its quarterly 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 business had revenue of $451.43 million during the quarter, compared to analyst estimates of $259.86 million. Criteo had a net margin of 5.08% and a return on equity of 16.37%. The company's quarterly revenue was up 3.9% on a year-over-year basis. During the same period in the previous year, the business posted $0.80 EPS. As a group, research analysts forecast that Criteo S.A. will post 3.09 EPS for the current year.

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.

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