Criteo (NASDAQ:CRTO) PT Lowered to $40.00 at Benchmark

Criteo (NASDAQ:CRTOGet Rating) had its price target trimmed by Benchmark from $45.00 to $40.00 in a report issued on Tuesday, The Fly reports. The firm currently has a buy rating on the information services provider’s stock.

A number of other research analysts also recently commented on the company. Morgan Stanley dropped their price objective on Criteo from $37.00 to $32.00 and set an equal weight rating on the stock in a report on Tuesday, July 19th. Berenberg Bank dropped their price objective on Criteo from $58.50 to $53.00 and set a buy rating on the stock in a report on Thursday, July 14th. Truist Financial dropped their price objective on Criteo from $40.00 to $35.00 and set a buy rating on the stock in a report on Wednesday, July 6th. TheStreet downgraded Criteo from a b rating to a c+ rating in a report on Wednesday, April 27th. Finally, JPMorgan Chase & Co. dropped their price objective on Criteo from $40.00 to $29.00 and set a neutral rating on the stock in a report on Wednesday, June 29th. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of Moderate Buy and a consensus target price of $40.00.

Criteo Price Performance

Shares of NASDAQ CRTO opened at $26.78 on Tuesday. The stock’s 50-day moving average is $24.42 and its two-hundred day moving average is $27.14. Criteo has a 1-year low of $20.56 and a 1-year high of $43.49. The company has a market cap of $1.62 billion, a price-to-earnings ratio of 12.69 and a beta of 0.90.

Criteo (NASDAQ:CRTOGet Rating) last issued its quarterly earnings results on Wednesday, August 3rd. The information services provider reported $0.58 earnings per share for the quarter, topping the consensus estimate of $0.40 by $0.18. Criteo had a return on equity of 13.97% and a net margin of 6.22%. The company had revenue of $215.00 million for the quarter, compared to the consensus estimate of $219.24 million. During the same quarter in the prior year, the business earned $0.46 EPS. Criteo’s revenue was down 2.3% on a year-over-year basis. Equities research analysts anticipate that Criteo will post 2.08 earnings per share for the current fiscal year.

Institutional Trading of Criteo

Large investors have recently made changes to their positions in the company. Alliancebernstein L.P. lifted its position in Criteo by 57.7% during the 4th quarter. Alliancebernstein L.P. now owns 5,199,242 shares of the information services provider’s stock worth $202,095,000 after acquiring an additional 1,901,778 shares during the period. Principal Financial Group Inc. lifted its position in Criteo by 397.5% during the 4th quarter. Principal Financial Group Inc. now owns 994,814 shares of the information services provider’s stock worth $38,668,000 after acquiring an additional 794,859 shares during the period. DNB Asset Management AS lifted its holdings in shares of Criteo by 13.2% in the 1st quarter. DNB Asset Management AS now owns 5,248,723 shares of the information services provider’s stock valued at $142,975,000 after buying an additional 612,776 shares during the period. Victory Capital Management Inc. acquired a new stake in shares of Criteo in the 4th quarter valued at approximately $16,431,000. Finally, SG Americas Securities LLC lifted its holdings in shares of Criteo by 43.1% in the 4th quarter. SG Americas Securities LLC now owns 893,517 shares of the information services provider’s stock valued at $34,731,000 after buying an additional 269,271 shares during the period. 93.28% of the stock is owned by institutional investors and hedge funds.

Criteo Company Profile

(Get Rating)

Criteo SA, a technology company, provides marketing and monetization services on the open Internet in North and South America, Europe, the Middle East, and 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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Analyst Recommendations for Criteo (NASDAQ:CRTO)

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