Susquehanna Lowers Criteo (NASDAQ:CRTO) Price Target to $36.00

Criteo (NASDAQ:CRTO) had its price objective lowered by Susquehanna from $50.00 to $36.00 in a research report sent to investors on Thursday morning, Benzinga reports. The brokerage currently has a neutral rating on the information services provider’s stock.

Several other research analysts have also recently weighed in on CRTO. DA Davidson lowered their price target on shares of Criteo from $58.00 to $53.00 and set a “buy” rating on the stock in a research report on Thursday. BMO Capital Markets boosted their target price on shares of Criteo from $45.00 to $55.00 and gave the company an “outperform” rating in a report on Friday, August 2nd. JPMorgan Chase & Co. raised their price target on shares of Criteo from $40.00 to $50.00 and gave the stock a “neutral” rating in a report on Friday, August 2nd. StockNews.com lowered Criteo from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, August 21st. Finally, Wells Fargo & Company began coverage on Criteo in a research note on Monday, October 28th. They set an “overweight” rating and a $70.00 target price for the company. Four investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $51.22.

Criteo Trading Down 0.7 %

NASDAQ CRTO opened at $33.44 on Thursday. The stock has a 50-day moving average of $41.98 and a 200 day moving average of $40.70. Criteo has a twelve month low of $22.10 and a twelve month high of $49.93. The stock has a market capitalization of $1.87 billion, a price-to-earnings ratio of 22.75 and a beta of 1.02.

Criteo (NASDAQ:CRTO) last issued its earnings results on Thursday, August 1st. The information services provider reported $1.08 earnings per share for the quarter, topping the consensus estimate of $0.77 by $0.31. The business had revenue of $471.31 million for the quarter, compared to analysts’ expectations of $263.64 million. Criteo had a return on equity of 15.56% and a net margin of 4.52%. The business’s revenue for the quarter was up .5% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.12 EPS. Equities analysts predict that Criteo will post 2.8 EPS for the current fiscal year.

Insider Buying and Selling

In other Criteo news, insider Brian Gleason sold 2,841 shares of Criteo stock in a transaction dated Tuesday, October 29th. The stock was sold at an average price of $41.10, for a total value of $116,765.10. Following the completion of the transaction, the insider now directly owns 146,470 shares of the company’s stock, valued at $6,019,917. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other news, CFO Sarah Js Glickman sold 5,442 shares of the stock in a transaction on Wednesday, October 23rd. The stock was sold at an average price of $40.60, for a total value of $220,945.20. Following the sale, the chief financial officer now directly 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Brian Gleason sold 2,841 shares of the business’s stock in a transaction on Tuesday, October 29th. The stock was sold at an average price of $41.10, for a total value of $116,765.10. Following the transaction, the insider now directly owns 146,470 shares of the company’s stock, valued at $6,019,917. The trade was 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 owned by corporate insiders.

Hedge Funds Weigh In On Criteo

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Congress Asset Management Co. acquired a new position in Criteo during the 3rd quarter worth approximately $48,653,000. Clearbridge Investments LLC acquired a new position in shares of Criteo during the second quarter worth $11,059,000. Robeco Institutional Asset Management B.V. increased its holdings in Criteo by 518.9% in the third quarter. Robeco Institutional Asset Management B.V. now owns 81,001 shares of the information services provider’s stock valued at $3,259,000 after buying an additional 67,913 shares during the last quarter. Cubist Systematic Strategies LLC raised its stake in Criteo by 93.2% in the second quarter. Cubist Systematic Strategies LLC now owns 107,553 shares of the information services provider’s stock valued at $4,057,000 after buying an additional 51,870 shares in the last quarter. Finally, Susquehanna Fundamental Investments LLC raised its stake in Criteo by 523.1% in the second quarter. Susquehanna Fundamental Investments LLC now owns 59,199 shares of the information services provider’s stock valued at $2,233,000 after buying an additional 49,699 shares in the last quarter. 94.27% of the stock is owned by institutional investors and hedge funds.

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.