BMO Capital Markets Lowers Criteo (NASDAQ:CRTO) Price Target to $49.00

Criteo (NASDAQ:CRTO) had its price objective cut by BMO Capital Markets from $60.00 to $49.00 in a research report report published on Monday morning,Benzinga reports. They currently have an outperform rating on the information services provider’s stock.

Several other analysts have also recently commented on CRTO. StockNews.com downgraded Criteo from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, March 4th. DA Davidson upped their price target on shares of Criteo from $53.00 to $57.00 and gave the stock a “buy” rating in a research note on Wednesday, February 5th. Wells Fargo & Company reduced their price objective on shares of Criteo from $68.00 to $66.00 and set an “overweight” rating for the company in a research note on Thursday, May 1st. Susquehanna lowered their target price on shares of Criteo from $50.00 to $38.00 and set a “neutral” rating on the stock in a research report on Wednesday, April 30th. Finally, Stifel Nicolaus reduced their price target on shares of Criteo from $61.00 to $46.00 and set a “buy” rating for the company in a research report on Wednesday, April 23rd. One analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, Criteo has a consensus rating of “Moderate Buy” and a consensus price target of $46.70.

Criteo Price Performance

Shares of NASDAQ CRTO opened at $27.66 on Monday. The stock has a fifty day moving average price of $33.21 and a 200 day moving average price of $37.64. Criteo has a 1-year low of $26.67 and a 1-year high of $49.93. The company has a market cap of $1.48 billion, a PE ratio of 16.46 and a beta of 0.63.

Criteo (NASDAQ:CRTO) last released its earnings results on Friday, May 2nd. The information services provider reported $1.10 EPS for the quarter, topping the consensus estimate of $0.77 by $0.33. Criteo had a net margin of 5.08% and a return on equity of 16.37%. The company had revenue of $451.43 million during the quarter, compared to analysts’ expectations of $259.86 million. During the same quarter last year, the business earned $0.80 EPS. The business’s revenue was up 3.9% on a year-over-year basis. Analysts anticipate 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 company’s stock in a transaction on Tuesday, February 11th. The stock was sold at an average price of $44.51, for a total value of $332,979.31. Following the sale, the chief executive officer now directly owns 502,052 shares in the company, valued at $22,346,334.52. This represents a 1.47 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Brian Gleason sold 2,841 shares of the firm’s stock in a transaction dated Monday, April 28th. The stock was sold at an average price of $33.89, for a total transaction of $96,281.49. Following the sale, the insider now directly owns 157,450 shares in the company, valued at $5,335,980.50. This represents a 1.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 24,145 shares of company stock worth $1,031,391. 1.71% of the stock is owned by insiders.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Neuberger Berman Group LLC increased its stake in Criteo by 7.0% in the fourth 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 last quarter. DnB Asset Management AS grew its holdings in Criteo by 0.5% in the 4th quarter. DnB Asset Management AS now owns 5,407,057 shares of the information services provider’s stock valued at $213,903,000 after buying an additional 28,536 shares during the period. Alliancebernstein L.P. grew its holdings in Criteo by 38.3% in the 4th quarter. Alliancebernstein L.P. now owns 3,796,975 shares of the information services provider’s stock valued at $150,208,000 after buying an additional 1,052,126 shares during the period. Senvest Management LLC increased its stake in shares of Criteo by 25.7% during the 4th quarter. Senvest Management LLC now owns 3,639,479 shares of the information services provider’s stock valued at $143,978,000 after acquiring an additional 743,695 shares during the last quarter. Finally, Cadian Capital Management LP lifted its holdings 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 worth $102,236,000 after acquiring an additional 713,785 shares during the period. Hedge funds and other institutional investors own 94.27% of the company’s stock.

About Criteo

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.