Criteo (NASDAQ:CRTO) Price Target Cut to $36.00 by Analysts at Morgan Stanley

Criteo (NASDAQ:CRTO - Free Report) had its price target reduced by Morgan Stanley from $40.00 to $36.00 in a research note issued to investors on Monday,Benzinga reports. They currently have an equal weight rating on the information services provider's stock.

A number of other research analysts also recently weighed in on the company. StockNews.com downgraded Criteo from a "strong-buy" rating to a "buy" rating in a report on Tuesday, March 4th. JPMorgan Chase & Co. reduced their price target on Criteo from $48.00 to $39.00 and set a "neutral" rating on the stock in a research note on Tuesday, April 8th. 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 report on Wednesday, February 5th. Wells Fargo & Company decreased their price target on shares of Criteo from $68.00 to $66.00 and set an "overweight" rating for the company in a research note on Thursday, May 1st. Finally, Stifel Nicolaus dropped their price objective on shares of Criteo from $61.00 to $46.00 and set a "buy" rating on the stock in a research note on Wednesday, April 23rd. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and seven have issued a buy rating to the company's stock. Based on data from MarketBeat, Criteo presently has an average rating of "Moderate Buy" and an average price target of $46.70.

Criteo Trading Down 0.2 %

Shares of CRTO stock traded down $0.05 during trading hours on Monday, reaching $27.66. The company's stock had a trading volume of 284,041 shares, compared to its average volume of 437,071. Criteo has a one year low of $26.67 and a one year high of $49.93. The stock has a market capitalization of $1.48 billion, a P/E ratio of 16.46 and a beta of 0.63. The firm's fifty day simple moving average is $33.21 and its 200 day simple moving average is $37.64.

Criteo (NASDAQ:CRTO - Get Free Report) last released its quarterly earnings results on Friday, May 2nd. The information services provider reported $1.10 earnings per share for the quarter, beating the consensus estimate of $0.77 by $0.33. Criteo had a net margin of 5.08% and a return on equity of 16.37%. The business had revenue of $451.43 million for the quarter, compared to analysts' expectations of $259.86 million. During the same quarter in the previous year, the business posted $0.80 earnings per share. The firm's revenue for the quarter was up 3.9% compared to the same quarter last year. As a group, equities research analysts forecast that Criteo will post 3.09 earnings per share for the current fiscal year.

Insider Activity 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 shares were sold at an average price of $33.89, for a total transaction of $96,281.49. Following the completion of 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Megan Clarken sold 7,481 shares of the business's stock in a transaction dated Tuesday, February 11th. The shares were sold at an average price of $44.51, for a total value of $332,979.31. Following the sale, the chief executive officer now owns 502,052 shares of the company's stock, valued at approximately $22,346,334.52. This represents a 1.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 24,145 shares of company stock valued at $1,031,391. 1.71% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of CRTO. Barclays PLC raised its holdings in Criteo by 40.6% in the 3rd quarter. Barclays PLC now owns 6,186 shares of the information services provider's stock worth $249,000 after purchasing an additional 1,787 shares during the period. Geode Capital Management LLC lifted its position in shares of Criteo by 1.1% during the 3rd quarter. Geode Capital Management LLC now owns 49,143 shares of the information services provider's stock valued at $1,978,000 after buying an additional 518 shares in the last quarter. JPMorgan Chase & Co. grew its stake in shares of Criteo by 31.2% during 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 purchased a new stake in Criteo in the 4th quarter worth approximately $510,000. Finally, Blue Trust Inc. raised its stake in Criteo by 51.9% during the 4th quarter. Blue Trust Inc. now owns 5,605 shares of the information services provider's stock worth $226,000 after acquiring an additional 1,916 shares during the period. Hedge funds and other institutional investors 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.