Criteo (NASDAQ:CRTO) Given New $53.00 Price Target at DA Davidson

Criteo (NASDAQ:CRTO) had its price target trimmed by DA Davidson from $58.00 to $53.00 in a research note released on Thursday, Benzinga reports. The brokerage currently has a buy rating on the information services provider’s stock.

Several other brokerages have also recently commented on CRTO. Benchmark reiterated a “buy” rating and issued a $56.00 target price on shares of Criteo in a report on Thursday, October 10th. StockNews.com downgraded shares of Criteo from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, August 21st. BMO Capital Markets raised their target price on Criteo from $45.00 to $55.00 and gave the stock an “outperform” rating in a research report on Friday, August 2nd. Macquarie increased their price objective on Criteo from $45.00 to $65.00 and gave the stock an “outperform” rating in a research note on Friday, August 2nd. Finally, JPMorgan Chase & Co. raised their price objective on Criteo from $40.00 to $50.00 and gave the stock a “neutral” rating in a research report on Friday, August 2nd. Four investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $51.22.

Criteo Stock Down 0.7 %

CRTO opened at $33.44 on Thursday. The firm has a market cap of $1.87 billion, a PE ratio of 22.75 and a beta of 1.02. The business has a fifty day simple moving average of $41.98 and a 200-day simple moving average of $40.70. Criteo has a fifty-two week low of $22.10 and a fifty-two week high of $49.93.

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 business had revenue of $471.31 million during the quarter, compared to analyst estimates of $263.64 million. Criteo had a return on equity of 15.56% and a net margin of 4.52%. Criteo’s revenue for the quarter was up .5% on a year-over-year basis. During the same quarter last year, the company posted $0.12 EPS. On average, equities research analysts anticipate that Criteo will post 2.8 EPS for the current fiscal 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 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 of the company’s stock, valued at approximately $6,019,917. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, 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 completion of the transaction, the chief financial officer now directly owns 313,398 shares of the company’s stock, valued at $12,723,958.80. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Brian Gleason sold 2,841 shares of Criteo stock in a transaction 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 owns 146,470 shares in the company, valued at $6,019,917. This 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 hedge funds and other institutional investors have recently made changes to their positions in the business. GAMMA Investing LLC raised its holdings in shares of Criteo by 67.3% in 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 in the last quarter. USA Financial Formulas acquired a new position in Criteo during the third quarter worth $31,000. Farther Finance Advisors LLC acquired a new position in Criteo during the third quarter worth $50,000. EverSource Wealth Advisors LLC boosted its stake in shares of Criteo by 868.1% in the 2nd 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 in the last quarter. Finally, Covestor Ltd boosted its stake in shares of Criteo by 64.1% in the 1st quarter. Covestor Ltd now owns 1,838 shares of the information services provider’s stock valued at $64,000 after purchasing an additional 718 shares in the last quarter. 94.27% of the stock is 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.