DA Davidson Has Lowered Expectations for Criteo (NASDAQ:CRTO) Stock Price

Criteo (NASDAQ:CRTO) had its target price reduced by research analysts at DA Davidson from $58.00 to $53.00 in a research note issued on Thursday, Benzinga reports. The firm currently has a “buy” rating on the information services provider’s stock. DA Davidson’s target price would indicate a potential upside of 58.49% from the stock’s previous close.

A number of other analysts also recently issued reports on CRTO. Susquehanna raised their target price on Criteo from $40.00 to $50.00 and gave the stock a “neutral” rating in a research report on Friday, August 2nd. StockNews.com downgraded shares of Criteo from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, August 21st. Morgan Stanley upped their price target on shares of Criteo from $35.00 to $39.00 and gave the company an “equal weight” rating in a research note on Tuesday, July 23rd. BMO Capital Markets lifted their price objective on shares of Criteo from $45.00 to $55.00 and gave the company an “outperform” rating in a research note on Friday, August 2nd. Finally, Macquarie boosted their target price on shares of Criteo from $45.00 to $65.00 and gave the company an “outperform” rating in a report on Friday, August 2nd. Four research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $51.22.

Criteo Price Performance

Shares of Criteo stock opened at $33.44 on Thursday. The business has a 50-day simple moving average of $42.30 and a 200 day simple moving average of $40.66. The firm has a market capitalization of $1.87 billion, a price-to-earnings ratio of 22.75 and a beta of 0.99. Criteo has a one year low of $22.10 and a one year high of $49.93.

Criteo (NASDAQ:CRTO) last announced its earnings results on Thursday, August 1st. The information services provider reported $1.08 EPS for the quarter, beating the consensus estimate of $0.77 by $0.31. The company had revenue of $471.31 million during the quarter, compared to the consensus estimate of $263.64 million. Criteo had a net margin of 4.52% and a return on equity of 15.56%. The firm’s revenue for the quarter was up .5% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.12 earnings per share. On average, sell-side analysts expect that Criteo will post 2.8 EPS for the current year.

Insider Buying and Selling

In related news, insider Brian Gleason sold 2,841 shares of the business’s stock in a transaction dated Tuesday, October 29th. The stock was 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 directly owns 146,470 shares in the company, valued at $6,019,917. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, insider Brian Gleason sold 2,841 shares of the business’s stock in a transaction dated Tuesday, October 29th. The stock was 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. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Sarah Js Glickman sold 5,442 shares of the company’s stock in a transaction that occurred on Wednesday, October 23rd. The stock was sold at an average price of $40.60, for a total transaction of $220,945.20. Following the completion of the transaction, the chief financial officer now owns 313,398 shares in the company, valued at approximately $12,723,958.80. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.71% of the stock is currently owned by company insiders.

Institutional Trading of Criteo

A number of hedge funds have recently made changes to their positions in CRTO. GAMMA Investing LLC raised its position in Criteo by 67.3% during the second quarter. GAMMA Investing LLC now owns 738 shares of the information services provider’s stock valued at $28,000 after purchasing an additional 297 shares in the last quarter. USA Financial Formulas bought a new position in Criteo during the third quarter valued at approximately $31,000. Farther Finance Advisors LLC purchased a new position in shares of Criteo during the third quarter worth approximately $50,000. EverSource Wealth Advisors LLC lifted its stake in Criteo by 868.1% in the second quarter. EverSource Wealth Advisors LLC now owns 1,394 shares of the information services provider’s stock worth $53,000 after purchasing an additional 1,250 shares during the last quarter. Finally, Covestor Ltd lifted 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 acquiring an additional 718 shares during 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.