Criteo (NASDAQ:CRTO - Free Report) had its price objective trimmed by Morgan Stanley from $44.00 to $40.00 in a report issued on Thursday morning,Benzinga reports. The firm currently has an equal weight rating on the information services provider's stock.
CRTO has been the topic of several other research reports. Stifel Nicolaus reiterated a "buy" rating and set a $61.00 price objective (up previously from $59.00) on shares of Criteo in a research report on Thursday, February 6th. JPMorgan Chase & Co. cut their price objective on Criteo from $48.00 to $39.00 and set a "neutral" rating for the company in a research report on Tuesday, April 8th. BMO Capital Markets increased their price target on Criteo from $48.00 to $60.00 and gave the company an "outperform" rating in a research note on Thursday, February 6th. DA Davidson increased their target price on Criteo from $53.00 to $57.00 and gave the company a "buy" rating in a research report on Wednesday, February 5th. Finally, StockNews.com downgraded shares of Criteo from a "strong-buy" rating to a "buy" rating in a research note on Tuesday, March 4th. Four research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $51.40.
Check Out Our Latest Analysis on Criteo
Criteo Trading Up 7.1 %
Criteo stock traded up $2.10 during midday trading on Thursday, hitting $31.70. The stock had a trading volume of 573,599 shares, compared to its average volume of 429,724. Criteo has a 52-week low of $27.46 and a 52-week high of $49.93. The company has a market capitalization of $1.83 billion, a PE ratio of 18.87 and a beta of 0.74. The firm's fifty day moving average is $35.61 and its two-hundred day moving average is $38.36.
Criteo (NASDAQ:CRTO - Get Free Report) last released its earnings results on Wednesday, February 5th. The information services provider reported $1.41 earnings per share for the quarter, beating analysts' consensus estimates of $1.37 by $0.04. Criteo had a net margin of 5.08% and a return on equity of 16.37%. As a group, equities research analysts predict that Criteo will post 3.09 earnings per share for the current fiscal year.
Insiders Place Their Bets
In related news, CEO Megan Clarken sold 13,823 shares of Criteo stock in a transaction dated Thursday, February 13th. The shares were sold at an average price of $43.56, for a total transaction of $602,129.88. Following the completion of the sale, the chief executive officer now owns 488,229 shares in the company, valued at $21,267,255.24. This trade represents a 2.75 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Brian Gleason sold 1,924 shares of the company's stock in a transaction dated Friday, January 31st. The stock was sold at an average price of $38.08, for a total transaction of $73,265.92. Following the completion of the transaction, the insider now owns 137,161 shares in the company, valued at $5,223,090.88. This represents a 1.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 26,363 shares of company stock worth $1,124,213 over the last quarter. Company insiders own 1.71% of the company's stock.
Institutional Trading of Criteo
Institutional investors and hedge funds have recently made changes to their positions in the company. Cambridge Investment Research Advisors Inc. bought a new stake in shares of Criteo in the 1st quarter valued at about $524,000. QRG Capital Management Inc. raised its stake in Criteo by 8.6% in the first quarter. QRG Capital Management Inc. now owns 42,239 shares of the information services provider's stock worth $1,496,000 after buying an additional 3,346 shares in the last quarter. Congress Asset Management Co. lifted its holdings in Criteo by 25.4% during the first quarter. Congress Asset Management Co. now owns 1,410,564 shares of the information services provider's stock worth $49,948,000 after buying an additional 285,285 shares during the period. GAMMA Investing LLC boosted its position in Criteo by 2,217.2% during the 1st quarter. GAMMA Investing LLC now owns 37,747 shares of the information services provider's stock valued at $1,337,000 after acquiring an additional 36,118 shares in the last quarter. Finally, Vega Investment Solutions bought a new position in shares of Criteo in the 4th quarter worth $41,000. 94.27% of the stock is currently owned by institutional investors.
Criteo Company Profile
(
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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.
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