DA Davidson Has Lowered Expectations for Criteo (NASDAQ:CRTO) Stock Price

Criteo (NASDAQ:CRTO) had its price objective reduced by analysts at DA Davidson from $58.00 to $53.00 in a report released on Thursday, Benzinga reports. The brokerage presently has a “buy” rating on the information services provider’s stock. DA Davidson’s price objective suggests a potential upside of 58.49% from the company’s current price.

A number of other analysts also recently weighed in on CRTO. BMO Capital Markets upped their target price on Criteo from $45.00 to $55.00 and gave the company an “outperform” rating in a research report on Friday, August 2nd. JPMorgan Chase & Co. raised their target price on shares of Criteo from $40.00 to $50.00 and gave the company a “neutral” rating in a report on Friday, August 2nd. Susquehanna upped their price target on shares of Criteo from $40.00 to $50.00 and gave the stock a “neutral” rating in a report on Friday, August 2nd. Macquarie lifted their price objective on shares of Criteo from $45.00 to $65.00 and gave the company an “outperform” rating in a research note on Friday, August 2nd. Finally, Morgan Stanley upped their target price on Criteo from $35.00 to $39.00 and gave the stock an “equal weight” rating in a research note on Tuesday, July 23rd. Four research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $51.22.

Criteo Stock Performance

CRTO stock opened at $33.44 on Thursday. Criteo has a 52 week low of $22.10 and a 52 week high of $49.93. The company’s 50-day simple moving average is $42.30 and its 200 day simple moving average is $40.66. The company has a market capitalization of $1.87 billion, a PE ratio of 22.75 and a beta of 0.99.

Criteo (NASDAQ:CRTO) last released its quarterly earnings results on Thursday, August 1st. The information services provider reported $1.08 earnings per share for the quarter, beating analysts’ consensus estimates of $0.77 by $0.31. The company had revenue of $471.31 million during the quarter, compared to the consensus estimate of $263.64 million. Criteo had a net margin of 4.52% and a return on equity of 15.56%. The firm’s quarterly revenue was up .5% on a year-over-year basis. During the same period in the previous year, the business earned $0.12 earnings per share. On average, analysts forecast that Criteo will post 2.8 EPS for the current year.

Insider Buying and Selling at Criteo

In other news, insider Brian Gleason sold 2,841 shares of the company’s stock in a transaction that occurred on Tuesday, October 29th. The stock was sold at an average price of $41.10, for a total value of $116,765.10. Following the completion of the transaction, the insider now owns 146,470 shares of the company’s stock, valued at $6,019,917. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, insider Brian Gleason sold 2,841 shares of the business’s stock in a transaction on Tuesday, October 29th. The shares were sold at an average price of $41.10, for a total value of $116,765.10. Following the sale, the insider now owns 146,470 shares of the company’s stock, valued at $6,019,917. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Sarah Js Glickman sold 5,442 shares of the firm’s stock in a transaction on Wednesday, October 23rd. The stock was sold at an average price of $40.60, for a total value of $220,945.20. Following the transaction, the chief financial officer now directly owns 313,398 shares of the company’s stock, valued at approximately $12,723,958.80. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.71% of the company’s stock.

Institutional Trading of Criteo

Institutional investors have recently added to or reduced their stakes in the stock. Congress Asset Management Co. bought a new stake in shares of Criteo in the 3rd quarter valued at $48,653,000. Clearbridge Investments LLC bought a new position in shares of Criteo in the 2nd quarter worth about $11,059,000. Robeco Institutional Asset Management B.V. lifted its stake in shares of Criteo by 518.9% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 81,001 shares of the information services provider’s stock valued at $3,259,000 after purchasing an additional 67,913 shares during the period. Cubist Systematic Strategies LLC boosted its position in shares of Criteo by 93.2% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 107,553 shares of the information services provider’s stock valued at $4,057,000 after purchasing an additional 51,870 shares in the last quarter. Finally, Susquehanna Fundamental Investments LLC grew its stake in Criteo by 523.1% during the second quarter. Susquehanna Fundamental Investments LLC now owns 59,199 shares of the information services provider’s stock worth $2,233,000 after purchasing an additional 49,699 shares during the period. 94.27% of the stock is currently owned by institutional investors.

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.