Criteo (NASDAQ:CRTO) Given New $47.00 Price Target at Citigroup

Criteo (NASDAQ:CRTO - Get Free Report) had its target price cut by Citigroup from $60.00 to $47.00 in a research report issued on Friday,Benzinga reports. The firm currently has a "buy" rating on the information services provider's stock. Citigroup's price target would indicate a potential upside of 34.67% from the company's current price.

A number of other brokerages have also recently commented on CRTO. DA Davidson upped their target price on shares of Criteo from $53.00 to $57.00 and gave the company a "buy" rating in a report on Wednesday, February 5th. StockNews.com lowered Criteo from a "strong-buy" rating to a "buy" rating in a research note on Tuesday, March 4th. Benchmark reiterated a "buy" rating and set a $51.00 target price on shares of Criteo in a research report on Tuesday, February 4th. Stifel Nicolaus reduced their price target on Criteo from $61.00 to $46.00 and set a "buy" rating for the company in a research report on Wednesday. Finally, BMO Capital Markets lifted their price objective on Criteo from $48.00 to $60.00 and gave the company an "outperform" rating in a research report on Thursday, February 6th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $49.64.

Criteo Stock Up 2.7 %

CRTO traded up $0.93 during mid-day trading on Friday, reaching $34.90. 268,841 shares of the company traded hands, compared to its average volume of 429,972. The stock has a market capitalization of $2.02 billion, a P/E ratio of 20.77 and a beta of 0.74. Criteo has a 52-week low of $27.46 and a 52-week high of $49.93. The company's fifty day moving average price is $34.76 and its 200-day moving average price is $38.16.

Criteo (NASDAQ:CRTO - Get Free Report) last posted 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 return on equity of 16.37% and a net margin of 5.08%. As a group, sell-side analysts forecast that Criteo will post 3.09 earnings per share for the current fiscal year.

Insider Activity at Criteo

In other Criteo news, CEO Megan Clarken sold 7,481 shares of the firm's stock in a transaction that occurred on Tuesday, February 11th. The stock was sold at an average price of $44.51, for a total transaction of $332,979.31. Following the completion of the transaction, the chief executive officer now owns 502,052 shares in the company, valued at $22,346,334.52. This trade represents a 1.47 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Brian Gleason sold 1,924 shares of the company's stock in a transaction that occurred on Friday, January 31st. The stock was sold at an average price of $38.08, for a total value of $73,265.92. Following the sale, the insider now directly owns 137,161 shares in the company, valued at $5,223,090.88. This trade represents a 1.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 26,363 shares of company stock valued at $1,124,213. Corporate insiders own 1.71% of the company's stock.

Hedge Funds Weigh In On Criteo

Institutional investors and hedge funds have recently made changes to their positions in the business. Alliancebernstein L.P. grew its position in Criteo by 38.3% in the fourth quarter. Alliancebernstein L.P. now owns 3,796,975 shares of the information services provider's stock worth $150,208,000 after acquiring an additional 1,052,126 shares in the last quarter. ANTIPODES PARTNERS Ltd lifted its stake in shares of Criteo by 41,776.0% in the 4th quarter. ANTIPODES PARTNERS Ltd now owns 994,555 shares of the information services provider's stock valued at $39,348,000 after purchasing an additional 992,180 shares during the last quarter. Senvest Management LLC boosted its holdings in shares of Criteo by 25.7% in the 4th quarter. Senvest Management LLC now owns 3,639,479 shares of the information services provider's stock worth $143,978,000 after purchasing an additional 743,695 shares during the period. Cadian Capital Management LP increased its position in shares of Criteo by 38.2% during the 4th quarter. Cadian Capital Management LP now owns 2,584,333 shares of the information services provider's stock valued at $102,236,000 after purchasing an additional 713,785 shares during the last quarter. Finally, Schroder Investment Management Group increased its position in shares of Criteo by 4,200.9% during the 4th quarter. Schroder Investment Management Group now owns 572,790 shares of the information services provider's stock valued at $22,493,000 after purchasing an additional 559,472 shares during the last quarter. 94.27% of the stock is owned by hedge funds and other 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.