JPMorgan Chase & Co. Cuts Criteo (NASDAQ:CRTO) Price Target to $27.00

Criteo (NASDAQ:CRTO - Get Free Report) had its target price lowered by research analysts at JPMorgan Chase & Co. from $39.00 to $27.00 in a report released on Monday,Benzinga reports. The brokerage currently has a "neutral" rating on the information services provider's stock. JPMorgan Chase & Co.'s price target indicates a potential downside of 2.47% from the company's previous close.

Several other equities research analysts also recently weighed in on CRTO. Stifel Nicolaus decreased their price target on Criteo from $61.00 to $46.00 and set a "buy" rating for the company in a report on Wednesday, April 23rd. DA Davidson lifted their target price on shares of Criteo from $53.00 to $57.00 and gave the company a "buy" rating in a report on Wednesday, February 5th. Benchmark reissued a "buy" rating and set a $51.00 price target on shares of Criteo in a report on Tuesday, February 4th. BMO Capital Markets lowered their price objective on Criteo from $60.00 to $49.00 and set an "outperform" rating on the stock in a report on Monday. Finally, Citigroup reissued an "underperform" rating on shares of Criteo in a research note on Friday, April 25th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, Criteo has a consensus rating of "Moderate Buy" and an average target price of $48.20.

Criteo Trading Down 6.1 %

NASDAQ:CRTO traded down $1.79 during midday trading on Monday, hitting $27.68. 100,477 shares of the company were exchanged, compared to its average volume of 434,219. Criteo has a fifty-two week low of $27.46 and a fifty-two week high of $49.93. The company has a market capitalization of $1.60 billion, a PE ratio of 16.61 and a beta of 0.63. The company has a fifty day simple moving average of $33.86 and a 200 day simple moving average of $37.88.

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, beating analysts' consensus estimates of $0.77 by $0.33. The business had revenue of $451.43 million for the quarter, compared to analysts' expectations 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 company posted $0.80 EPS. As a group, equities research analysts expect that Criteo will post 3.09 EPS for the current year.

Insider Transactions at Criteo

In other Criteo news, CEO Megan Clarken sold 13,823 shares of the firm'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 owns 488,229 shares of the company's stock, valued at approximately $21,267,255.24. This trade represents a 2.75 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Brian Gleason sold 2,841 shares of the company's stock in a transaction on Monday, April 28th. The shares were sold at an average price of $33.89, for a total value of $96,281.49. Following the completion of the sale, the insider now owns 157,450 shares in the company, valued at $5,335,980.50. This represents a 1.77 % 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 in the last ninety days. Corporate insiders own 1.71% of the company's stock.

Institutional Trading of Criteo

A number of hedge funds have recently bought and sold shares of CRTO. JPMorgan Chase & Co. boosted its holdings in shares of Criteo by 31.2% during the third quarter. JPMorgan Chase & Co. now owns 337,880 shares of the information services provider's stock worth $13,596,000 after purchasing an additional 80,424 shares during the last quarter. Barclays PLC lifted its position in Criteo by 40.6% during the third quarter. Barclays PLC now owns 6,186 shares of the information services provider's stock worth $249,000 after buying an additional 1,787 shares during the period. KBC Group NV acquired a new stake in Criteo in the 4th quarter worth about $2,887,000. Blue Trust Inc. grew its holdings in Criteo by 51.9% in the 4th quarter. Blue Trust Inc. now owns 5,605 shares of the information services provider's stock valued at $226,000 after buying an additional 1,916 shares during the period. Finally, Amundi acquired a new position in shares of Criteo during the 4th quarter valued at about $1,330,000. Institutional investors and hedge funds own 94.27% of the company's stock.

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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