Morgan Stanley Trims Criteo (NASDAQ:CRTO) Target Price to $22.00

Criteo (NASDAQ:CRTO) had its target price lowered by Morgan Stanley from $38.00 to $22.00 in a research report report published on Friday morning, Benzinga reports. Morgan Stanley currently has an equal weight rating on the information services provider’s stock.

A number of other equities research analysts also recently issued reports on CRTO. KeyCorp began coverage on shares of Criteo in a report on Tuesday, October 24th. They issued an overweight rating and a $40.00 price target on the stock. StockNews.com began coverage on shares of Criteo in a report on Thursday, October 5th. They issued a buy rating on the stock. Benchmark reissued a buy rating and issued a $45.00 price target on shares of Criteo in a report on Wednesday, September 13th. Finally, Stifel Nicolaus reissued a buy rating and issued a $47.00 price target on shares of Criteo in a report on Wednesday, September 13th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of Hold and a consensus price target of $36.56.

Criteo Stock Down 3.0 %

Shares of NASDAQ:CRTO opened at $23.91 on Friday. The firm has a market capitalization of $1.33 billion, a PE ratio of 239.10 and a beta of 0.97. Criteo has a twelve month low of $22.10 and a twelve month high of $36.76. The company has a 50-day moving average price of $28.58 and a two-hundred day moving average price of $30.92.

Insiders Place Their Bets

In other Criteo news, CFO Sarah Js Glickman sold 5,504 shares of Criteo stock in a transaction that occurred on Monday, October 23rd. The shares were sold at an average price of $28.16, for a total transaction of $154,992.64. Following the transaction, the chief financial officer now directly owns 253,328 shares of the company’s stock, valued at $7,133,716.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, CFO Sarah Js Glickman sold 5,504 shares of the firm’s stock in a transaction that occurred on Monday, October 23rd. The shares were sold at an average price of $28.16, for a total value of $154,992.64. Following the transaction, the chief financial officer now owns 253,328 shares in the company, valued at $7,133,716.48. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Ryan Damon sold 1,668 shares of the firm’s stock in a transaction that occurred on Friday, August 25th. The stock was sold at an average price of $28.50, for a total transaction of $47,538.00. Following the completion of the transaction, the insider now owns 140,947 shares in the company, valued at approximately $4,016,989.50. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 29,536 shares of company stock valued at $848,814. 1.10% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Robeco Institutional Asset Management B.V. grew its holdings in shares of Criteo by 13.4% in the third quarter. Robeco Institutional Asset Management B.V. now owns 10,528 shares of the information services provider’s stock worth $307,000 after purchasing an additional 1,248 shares during the last quarter. Orion Portfolio Solutions LLC bought a new stake in Criteo in the second quarter valued at $200,000. First Capital Advisors Group LLC. bought a new stake in Criteo in the second quarter valued at $34,000. Woodline Partners LP bought a new stake in Criteo in the second quarter valued at $439,000. Finally, Goldman Sachs Group Inc. boosted its holdings in Criteo by 210.8% in the second quarter. Goldman Sachs Group Inc. now owns 186,711 shares of the information services provider’s stock valued at $6,300,000 after acquiring an additional 126,639 shares in the last quarter. Institutional investors own 75.66% 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.