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

Criteo (NASDAQ:CRTO) had its target price trimmed by Susquehanna from $50.00 to $36.00 in a research note issued to investors on Thursday morning, Benzinga reports. The brokerage currently has a neutral rating on the information services provider’s stock.

Several other research analysts have also recently commented on CRTO. Morgan Stanley increased their target price on shares of Criteo from $35.00 to $39.00 and gave the stock an “equal weight” rating in a report on Tuesday, July 23rd. JPMorgan Chase & Co. increased their price objective on shares of Criteo from $40.00 to $50.00 and gave the stock a “neutral” rating in a research note on Friday, August 2nd. StockNews.com downgraded Criteo from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, August 21st. DA Davidson reduced their price target on Criteo from $58.00 to $53.00 and set a “buy” rating for the company in a research report on Thursday. Finally, KeyCorp downgraded Criteo from an “overweight” rating to a “sector weight” rating in a research note on Tuesday, July 30th. Four research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $51.22.

Criteo Price Performance

Shares of Criteo stock opened at $33.44 on Thursday. The firm has a market cap of $1.87 billion, a price-to-earnings ratio of 22.75 and a beta of 0.99. Criteo has a one year low of $22.10 and a one year high of $49.93. The stock’s 50-day moving average is $41.98 and its 200-day moving average is $40.70.

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, topping analysts’ consensus estimates of $0.77 by $0.31. The firm had revenue of $471.31 million during the quarter, compared to the consensus estimate of $263.64 million. Criteo had a return on equity of 15.56% and a net margin of 4.52%. The business’s revenue was up .5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.12 EPS. On average, equities analysts expect that Criteo will post 2.8 EPS for the current year.

Insider Activity

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

Hedge Funds Weigh In On Criteo

A number of large investors have recently made changes to their positions in the company. Alpha DNA Investment Management LLC acquired a new position in Criteo in the 2nd quarter valued at $473,000. Lord Abbett & CO. LLC grew its stake in shares of Criteo by 3.5% in the first quarter. Lord Abbett & CO. LLC now owns 1,100,902 shares of the information services provider’s stock valued at $38,608,000 after acquiring an additional 37,364 shares in the last quarter. Inspire Investing LLC bought a new position in Criteo during the second quarter worth about $819,000. SG Americas Securities LLC acquired a new stake in Criteo in the 2nd quarter worth about $248,000. Finally, BNP Paribas Financial Markets boosted its holdings in Criteo by 23.3% in the 1st quarter. BNP Paribas Financial Markets now owns 200,011 shares of the information services provider’s stock valued at $7,014,000 after purchasing an additional 37,844 shares during the period. 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.