Criteo (NASDAQ:CRTO) Price Target Lowered to $36.00 at Morgan Stanley

Criteo (NASDAQ:CRTO - Free Report) had its price target trimmed by Morgan Stanley from $40.00 to $36.00 in a research report report published on Monday morning,Benzinga reports. The brokerage currently has an equal weight rating on the information services provider's stock.

Several other analysts have also weighed in on CRTO. BMO Capital Markets lowered their price objective on Criteo from $60.00 to $49.00 and set an "outperform" rating for the company in a report on Monday, May 5th. Stifel Nicolaus dropped their price target on Criteo from $61.00 to $46.00 and set a "buy" rating on the stock in a research report on Wednesday, April 23rd. DA Davidson boosted their target price on shares of Criteo from $53.00 to $57.00 and gave the company a "buy" rating in a research note on Wednesday, February 5th. JPMorgan Chase & Co. decreased their price target on shares of Criteo from $48.00 to $39.00 and set a "neutral" rating for the company in a report on Tuesday, April 8th. Finally, StockNews.com lowered shares of Criteo from a "strong-buy" rating to a "buy" rating in a research note 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. Based on data from MarketBeat.com, Criteo has an average rating of "Moderate Buy" and a consensus target price of $46.70.

Criteo Price Performance

CRTO traded up $0.09 during trading hours on Monday, reaching $28.46. 469,281 shares of the stock traded hands, compared to its average volume of 440,441. Criteo has a fifty-two week low of $26.67 and a fifty-two week high of $49.93. The firm's fifty day simple moving average is $32.84 and its two-hundred day simple moving average is $37.46. The company has a market cap of $1.53 billion, a price-to-earnings ratio of 16.94 and a beta of 0.63.

Criteo (NASDAQ:CRTO - Get Free Report) last posted its quarterly earnings results on Friday, May 2nd. The information services provider reported $1.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.77 by $0.33. The firm 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 firm's quarterly revenue was up 3.9% on a year-over-year basis. During the same period in the prior year, the company posted $0.80 earnings per share. On average, research analysts predict that Criteo will post 3.09 earnings per share for the current year.

Insider Transactions at Criteo

In other Criteo news, CEO Megan Clarken sold 13,823 shares of the company's 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 sale, the chief executive officer now directly owns 488,229 shares of the company's stock, valued at approximately $21,267,255.24. This represents a 2.75 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, 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 transaction of $96,281.49. Following the sale, the insider now owns 157,450 shares of the company's stock, valued at $5,335,980.50. The trade was a 1.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 24,145 shares of company stock valued at $1,031,391. Company insiders own 1.71% of the company's stock.

Hedge Funds Weigh In On Criteo

Hedge funds and other institutional investors have recently modified their holdings of the stock. Waterfront Wealth Inc. lifted its stake in Criteo by 0.7% in the 4th quarter. Waterfront Wealth Inc. now owns 49,161 shares of the information services provider's stock worth $1,945,000 after acquiring an additional 335 shares in the last quarter. TD Private Client Wealth LLC boosted its stake 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 buying an additional 426 shares during the period. Geode Capital Management LLC raised its holdings in shares of Criteo by 1.1% during the third quarter. Geode Capital Management LLC now owns 49,143 shares of the information services provider's stock worth $1,978,000 after acquiring an additional 518 shares in the last quarter. Assetmark Inc. increased its position in Criteo by 9.9% in the 4th quarter. Assetmark Inc. now owns 6,174 shares of the information services provider's stock worth $244,000 after purchasing an additional 558 shares during the last quarter. Finally, Natixis Advisors LLC raised its stake in shares of Criteo by 5.9% during the 1st quarter. Natixis Advisors LLC now owns 12,070 shares of the information services provider's stock worth $427,000 after purchasing an additional 672 shares in the last quarter. Institutional investors and hedge funds own 94.27% of the company's stock.

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.