Criteo (NASDAQ:CRTO) Downgraded by StockNews.com to Buy

StockNews.com cut shares of Criteo (NASDAQ:CRTO) from a strong-buy rating to a buy rating in a research report report published on Wednesday morning.

Other research analysts have also issued research reports about the company. Morgan Stanley lifted their price target on Criteo from $35.00 to $39.00 and gave the stock an equal weight rating in a report on Tuesday, July 23rd. DA Davidson upgraded Criteo from a neutral rating to a buy rating and lifted their target price for the company from $43.00 to $58.00 in a research report on Tuesday, August 6th. Macquarie increased their price target on Criteo from $45.00 to $65.00 and gave the stock an outperform rating in a report on Friday, August 2nd. KeyCorp lowered shares of Criteo from an overweight rating to a sector weight rating in a report on Tuesday, July 30th. Finally, JPMorgan Chase & Co. boosted their target price on Criteo from $40.00 to $50.00 and gave the company a neutral rating in a research report on Friday, August 2nd. Four research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, Criteo presently has an average rating of Moderate Buy and an average price target of $49.80.

Criteo Trading Up 0.9 %

Shares of NASDAQ CRTO opened at $49.30 on Wednesday. The company has a 50-day moving average of $42.41 and a 200 day moving average of $37.81. Criteo has a 12-month low of $22.10 and a 12-month high of $49.66. The stock has a market cap of $2.79 billion, a PE ratio of 50.82 and a beta of 0.99.

Criteo (NASDAQ:CRTO) last posted its quarterly earnings results on Thursday, August 1st. The information services provider reported $1.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.77 by $0.31. Criteo had a return on equity of 15.64% and a net margin of 4.54%. The business had revenue of $471.31 million during the quarter, compared to analyst estimates of $263.64 million. During the same period in the prior year, the business earned $0.12 earnings per share. The business’s revenue was up .5% compared to the same quarter last year. On average, sell-side analysts forecast that Criteo will post 2.26 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, CFO Sarah Js Glickman sold 5,496 shares of Criteo stock in a transaction on Tuesday, July 23rd. The stock was sold at an average price of $45.49, for a total value of $250,013.04. Following the completion of the transaction, the chief financial officer now directly owns 320,201 shares in the company, valued at $14,565,943.49. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other Criteo news, CEO Megan Clarken sold 5,490 shares of the stock in a transaction that occurred on Tuesday, May 28th. The shares were sold at an average price of $38.94, for a total value of $213,780.60. Following the sale, the chief executive officer now directly owns 527,712 shares of the company’s stock, valued at approximately $20,549,105.28. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CFO Sarah Js Glickman sold 5,496 shares of the firm’s stock in a transaction on Tuesday, July 23rd. The shares were sold at an average price of $45.49, for a total transaction of $250,013.04. Following the completion of the sale, the chief financial officer now owns 320,201 shares in the company, valued at $14,565,943.49. The disclosure for this sale can be found here. Insiders sold a total of 12,088 shares of company stock worth $506,706 over the last 90 days. Corporate insiders own 1.71% of the company’s stock.

Hedge Funds Weigh In On Criteo

A number of institutional investors and hedge funds have recently modified their holdings of the company. GAMMA Investing LLC lifted its holdings in Criteo by 67.3% during the 2nd quarter. GAMMA Investing LLC now owns 738 shares of the information services provider’s stock worth $28,000 after buying an additional 297 shares during the last quarter. Mather Group LLC. acquired a new position in Criteo in the first quarter valued at approximately $48,000. EverSource Wealth Advisors LLC increased its stake in Criteo by 868.1% in the second quarter. EverSource Wealth Advisors LLC now owns 1,394 shares of the information services provider’s stock valued at $53,000 after purchasing an additional 1,250 shares during the last quarter. Covestor Ltd raised its holdings in Criteo by 64.1% during the first quarter. Covestor Ltd now owns 1,838 shares of the information services provider’s stock worth $64,000 after purchasing an additional 718 shares in the last quarter. Finally, Blue Trust Inc. raised its holdings in Criteo by 7,011.5% during the second quarter. Blue Trust Inc. now owns 1,849 shares of the information services provider’s stock worth $65,000 after purchasing an additional 1,823 shares in the last quarter. 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.