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

Criteo (NASDAQ:CRTO) had its price objective dropped by Citigroup from $60.00 to $47.00 in a report released on Friday,Benzinga reports. The firm currently has a “buy” rating on the information services provider’s stock. Citigroup’s price objective indicates a potential upside of 34.67% from the stock’s previous close.

Other analysts have also recently issued reports about the company. Stifel Nicolaus lowered their price objective on Criteo from $61.00 to $46.00 and set a “buy” rating on the stock in a research report on Wednesday. Benchmark reissued a “buy” rating and issued a $51.00 price target on shares of Criteo in a report on Tuesday, February 4th. JPMorgan Chase & Co. reduced their price objective on shares of Criteo from $48.00 to $39.00 and set a “neutral” rating for the company in a report on Tuesday, April 8th. 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 research note on Wednesday, February 5th. Finally, BMO Capital Markets raised their price target on shares of Criteo from $48.00 to $60.00 and gave the stock an “outperform” rating in a research note on Thursday, February 6th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $49.64.

Criteo Price Performance

Shares of Criteo stock opened at $34.90 on Friday. The company has a market cap of $2.02 billion, a PE ratio of 20.77 and a beta of 0.74. The firm has a fifty day moving average price of $34.76 and a two-hundred day moving average price of $38.18. Criteo has a fifty-two week low of $27.46 and a fifty-two week high of $49.93.

Criteo (NASDAQ:CRTO) last released its earnings results on Wednesday, February 5th. The information services provider reported $1.41 earnings per share for the quarter, topping 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%. Analysts expect that Criteo will post 3.09 earnings per share for the current fiscal year.

Insider Buying and Selling at Criteo

In other news, CEO Megan Clarken sold 7,481 shares of the stock in a transaction that occurred on Tuesday, February 11th. The shares were sold at an average price of $44.51, for a total transaction of $332,979.31. Following the sale, the chief executive officer now directly owns 502,052 shares of the company’s stock, valued at $22,346,334.52. This represents a 1.47 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Brian Gleason sold 3,135 shares of the business’s stock in a transaction that occurred on Tuesday, January 28th. The stock was sold at an average price of $36.95, for a total transaction of $115,838.25. Following the completion of the transaction, the insider now owns 139,085 shares of the company’s stock, valued at $5,139,190.75. This trade represents a 2.20 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 26,363 shares of company stock worth $1,124,213. 1.71% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Criteo

Hedge funds have recently added to or reduced their stakes in the company. Neuberger Berman Group LLC lifted its position in Criteo by 7.0% during the 4th quarter. Neuberger Berman Group LLC now owns 6,075,995 shares of the information services provider’s stock valued at $240,322,000 after purchasing an additional 399,977 shares during the period. DnB Asset Management AS raised its stake in shares of Criteo by 0.5% during the fourth quarter. DnB Asset Management AS now owns 5,407,057 shares of the information services provider’s stock worth $213,903,000 after buying an additional 28,536 shares during the last quarter. Alliancebernstein L.P. raised its stake in shares of Criteo by 38.3% during the fourth quarter. Alliancebernstein L.P. now owns 3,796,975 shares of the information services provider’s stock worth $150,208,000 after buying an additional 1,052,126 shares during the last quarter. Senvest Management LLC lifted its holdings in Criteo by 25.7% in the fourth quarter. Senvest Management LLC now owns 3,639,479 shares of the information services provider’s stock valued at $143,978,000 after buying an additional 743,695 shares during the period. Finally, Cadian Capital Management LP boosted its stake in Criteo by 38.2% in the fourth quarter. Cadian Capital Management LP now owns 2,584,333 shares of the information services provider’s stock valued at $102,236,000 after acquiring an additional 713,785 shares during the last quarter. 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.