Criteo (NASDAQ:CRTO) Downgraded to “Buy” at StockNews.com

Criteo (NASDAQ:CRTO) was downgraded by StockNews.com from a “strong-buy” rating to a “buy” rating in a research report issued to clients and investors on Wednesday.

A number of other brokerages have also recently weighed in on CRTO. KeyCorp cut shares of Criteo from an “overweight” rating to a “sector weight” rating in a research note on Tuesday, July 30th. Morgan Stanley increased their price target on shares of Criteo from $35.00 to $39.00 and gave the stock an “equal weight” rating in a research note on Tuesday, July 23rd. BMO Capital Markets increased their price target on shares of Criteo from $45.00 to $55.00 and gave the stock an “outperform” rating in a research note on Friday, August 2nd. Macquarie increased their price target on shares of Criteo from $45.00 to $65.00 and gave the stock an “outperform” rating in a research note on Friday, August 2nd. Finally, Benchmark increased their price target on shares of Criteo from $45.00 to $56.00 and gave the stock a “buy” rating in a research note on Friday, August 2nd. Four investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $49.80.

Criteo Trading Down 0.7 %

Shares of Criteo stock opened at $48.86 on Wednesday. The company has a fifty day simple moving average of $42.14 and a 200-day simple moving average of $37.57. Criteo has a 12-month low of $22.10 and a 12-month high of $49.52. The stock has a market cap of $2.77 billion, a price-to-earnings ratio of 50.37 and a beta of 0.99.

Criteo (NASDAQ:CRTO) last issued its earnings results on Thursday, August 1st. The information services provider reported $1.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.77 by $0.31. Criteo had a net margin of 4.54% and a return on equity of 15.64%. The business had revenue of $471.31 million during the quarter, compared to analysts’ expectations of $263.64 million. During the same quarter in the prior year, the business posted $0.12 EPS. The company’s revenue for the quarter was up .5% on a year-over-year basis. On average, analysts forecast that Criteo will post 2.26 earnings per share for the current fiscal year.

Insider Transactions at Criteo

In other news, CFO Sarah Js Glickman sold 5,496 shares of the firm’s stock in a transaction on Tuesday, July 23rd. The shares were sold at an average price of $45.49, for a total value of $250,013.04. Following the completion of the sale, the chief financial officer now owns 320,201 shares in the company, valued at approximately $14,565,943.49. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, CFO Sarah Js Glickman sold 5,496 shares of the stock in a transaction dated Tuesday, July 23rd. The shares were sold at an average price of $45.49, for a total value of $250,013.04. Following the completion of the transaction, the chief financial officer now owns 320,201 shares in the company, valued at approximately $14,565,943.49. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Megan Clarken sold 5,490 shares of the stock in a transaction dated Tuesday, May 28th. The shares were sold at an average price of $38.94, for a total transaction of $213,780.60. Following the completion of the transaction, the chief executive officer now owns 527,712 shares of the company’s stock, valued at approximately $20,549,105.28. The disclosure for this sale can be found here. In the last quarter, insiders sold 12,088 shares of company stock worth $506,706. Company insiders own 1.71% of the company’s stock.

Hedge Funds Weigh In On Criteo

A number of large investors have recently made changes to their positions in the stock. GAMMA Investing LLC increased 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 valued at $28,000 after purchasing an additional 297 shares in the last quarter. Bessemer Group Inc. increased its holdings in shares of Criteo by 5.2% in the 1st quarter. Bessemer Group Inc. now owns 13,803 shares of the information services provider’s stock valued at $484,000 after purchasing an additional 682 shares in the last quarter. Waterfront Wealth Inc. increased its holdings in shares of Criteo by 1.2% in the 2nd quarter. Waterfront Wealth Inc. now owns 58,280 shares of the information services provider’s stock valued at $2,198,000 after purchasing an additional 686 shares in the last quarter. Covestor Ltd increased its holdings 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. Finally, Sei Investments Co. increased its holdings in Criteo by 0.8% during the 1st quarter. Sei Investments Co. now owns 101,186 shares of the information services provider’s stock valued at $3,549,000 after acquiring an additional 768 shares in the last quarter. Hedge funds and other institutional investors own 94.27% of the company’s stock.

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.