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

Criteo (NASDAQ:CRTO) had its price target cut by stock analysts at DA Davidson from $58.00 to $53.00 in a research note issued on Thursday, Benzinga reports. The firm currently has a “buy” rating on the information services provider’s stock. DA Davidson’s target price would indicate a potential upside of 54.88% from the company’s current price.

CRTO has been the subject of a number of other research reports. Morgan Stanley boosted their target price on Criteo from $35.00 to $39.00 and gave the company an “equal weight” rating in a research note on Tuesday, July 23rd. JPMorgan Chase & Co. increased their price objective on Criteo from $40.00 to $50.00 and gave the company a “neutral” rating in a research note on Friday, August 2nd. Wells Fargo & Company began coverage on shares of Criteo in a research note on Monday. They issued an “overweight” rating and a $70.00 target price on the stock. Susquehanna increased their price target on shares of Criteo from $40.00 to $50.00 and gave the company a “neutral” rating in a research report on Friday, August 2nd. Finally, StockNews.com cut shares of Criteo from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, August 21st. Four investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat, Criteo currently has an average rating of “Moderate Buy” and a consensus target price of $52.78.

Criteo Trading Up 1.9 %

Shares of CRTO traded up $0.63 during mid-day trading on Thursday, reaching $34.22. The company’s stock had a trading volume of 254,199 shares, compared to its average volume of 359,094. Criteo has a 52 week low of $22.10 and a 52 week high of $49.93. The stock has a market cap of $1.94 billion, a PE ratio of 34.93 and a beta of 0.99. The company’s fifty day moving average price is $42.91 and its two-hundred day moving average price is $40.76.

Criteo (NASDAQ:CRTO) last posted its quarterly earnings results on Thursday, August 1st. The information services provider reported $1.08 earnings per share for the quarter, topping the consensus estimate of $0.77 by $0.31. Criteo had a net margin of 4.54% and a return on equity of 15.64%. The business had revenue of $471.31 million during the quarter, compared to the consensus estimate of $263.64 million. During the same period in the previous year, the firm posted $0.12 earnings per share. The firm’s revenue for the quarter was up .5% on a year-over-year basis. Research analysts anticipate that Criteo will post 2.8 EPS for the current year.

Insiders Place Their Bets

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

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the business. QRG Capital Management Inc. lifted its holdings in shares of Criteo by 3.5% during the third quarter. QRG Capital Management Inc. now owns 15,518 shares of the information services provider’s stock valued at $624,000 after purchasing an additional 518 shares during the last quarter. Robeco Institutional Asset Management B.V. grew 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 worth $3,259,000 after buying an additional 67,913 shares during the last quarter. VELA Investment Management LLC increased its position in Criteo by 15.3% during the 3rd quarter. VELA Investment Management LLC now owns 111,624 shares of the information services provider’s stock valued at $4,492,000 after buying an additional 14,779 shares in the last quarter. Farther Finance Advisors LLC purchased a new position in Criteo during the third quarter valued at $50,000. Finally, Congress Asset Management Co. bought a new stake in Criteo in the third quarter worth $48,653,000. 94.27% of the stock is owned by hedge funds and other institutional investors.

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.