JPMorgan Chase & Co. Issues Pessimistic Forecast for Criteo (NASDAQ:CRTO) Stock Price

Criteo (NASDAQ:CRTO - Free Report) had its target price cut by JPMorgan Chase & Co. from $48.00 to $39.00 in a research note issued to investors on Tuesday morning,Benzinga reports. They currently have a neutral rating on the information services provider's stock.

CRTO has been the subject of several other research reports. Stifel Nicolaus reiterated a "buy" rating and set a $61.00 price target (up previously from $59.00) on shares of Criteo in a research note on Thursday, February 6th. StockNews.com downgraded shares of Criteo from a "strong-buy" rating to a "buy" rating in a research note on Tuesday, March 4th. Wells Fargo & Company upped their price target on shares of Criteo from $63.00 to $68.00 and gave the company an "overweight" rating in a research note on Thursday, February 6th. Benchmark reiterated a "buy" rating and issued a $51.00 price objective on shares of Criteo in a research note on Tuesday, February 4th. Finally, BMO Capital Markets increased their target price on Criteo from $48.00 to $60.00 and gave the stock an "outperform" rating in a research report on Thursday, February 6th. Four equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat, Criteo currently has a consensus rating of "Moderate Buy" and a consensus target price of $51.80.

Criteo Stock Down 2.1 %

CRTO traded down $0.62 during trading on Tuesday, hitting $28.39. 411,460 shares of the company traded hands, compared to its average volume of 429,254. The firm has a market cap of $1.64 billion, a P/E ratio of 16.90 and a beta of 0.74. Criteo has a one year low of $27.50 and a one year high of $49.93. The stock's fifty day moving average is $37.48 and its 200 day moving average is $38.80.

Criteo (NASDAQ:CRTO - Get Free Report) last issued its quarterly earnings results on Wednesday, February 5th. The information services provider reported $1.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.37 by $0.04. Criteo had a net margin of 5.08% and a return on equity of 16.37%. On average, equities research analysts forecast that Criteo will post 3.09 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, CEO Megan Clarken sold 13,823 shares of the stock in a transaction on Thursday, February 13th. The stock was sold at an average price of $43.56, for a total value of $602,129.88. Following the transaction, the chief executive officer now owns 488,229 shares of the company's stock, valued at $21,267,255.24. This represents a 2.75 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Brian Gleason sold 3,135 shares of Criteo stock in a transaction dated Tuesday, January 28th. The stock was sold at an average price of $36.95, for a total value of $115,838.25. Following the sale, the insider now directly owns 139,085 shares of the company's stock, valued at approximately $5,139,190.75. This trade represents a 2.20 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 26,363 shares of company stock worth $1,124,213 in the last ninety days. 1.71% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Criteo

A number of large investors have recently modified their holdings of the company. Charles Schwab Investment Management Inc. grew its position in Criteo by 80.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 48,395 shares of the information services provider's stock valued at $1,947,000 after acquiring an additional 21,509 shares during the last quarter. Point72 Asset Management L.P. boosted its stake in shares of Criteo by 681.8% in the 3rd quarter. Point72 Asset Management L.P. now owns 25,800 shares of the information services provider's stock valued at $1,038,000 after purchasing an additional 22,500 shares in the last quarter. Stifel Financial Corp grew its holdings in shares of Criteo by 263.5% during the 3rd quarter. Stifel Financial Corp now owns 20,786 shares of the information services provider's stock valued at $836,000 after purchasing an additional 15,067 shares during the last quarter. Jane Street Group LLC raised its position in Criteo by 1,349.3% in the 3rd quarter. Jane Street Group LLC now owns 101,277 shares of the information services provider's stock worth $4,075,000 after purchasing an additional 94,289 shares during the period. Finally, MML Investors Services LLC bought a new stake in Criteo in the third quarter worth $275,000. 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.