Stifel Nicolaus Lowers Criteo (NASDAQ:CRTO) Price Target to $46.00

Criteo (NASDAQ:CRTO) had its price objective decreased by equities research analysts at Stifel Nicolaus from $61.00 to $46.00 in a research note issued on Wednesday,Benzinga reports. The firm currently has a “buy” rating on the information services provider’s stock. Stifel Nicolaus’ price target indicates a potential upside of 35.41% from the stock’s current price.

A number of other brokerages have also recently weighed in on CRTO. StockNews.com cut Criteo from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, March 4th. Morgan Stanley cut their target price on shares of Criteo from $44.00 to $40.00 and set an “equal weight” rating for the company in a research report on Thursday, April 17th. JPMorgan Chase & Co. cut their price objective on Criteo from $48.00 to $39.00 and set a “neutral” rating for the company in a research report on Tuesday, April 8th. Benchmark reiterated a “buy” rating and set a $51.00 target price on shares of Criteo in a report on Tuesday, February 4th. Finally, Wells Fargo & Company boosted their price target on Criteo from $63.00 to $68.00 and gave the stock an “overweight” rating in a report on Thursday, February 6th. Four equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, Criteo presently has an average rating of “Moderate Buy” and a consensus price target of $49.90.

Criteo Stock Performance

Shares of NASDAQ CRTO opened at $33.97 on Wednesday. The company’s fifty day moving average is $34.96 and its two-hundred day moving average is $38.24. The firm has a market capitalization of $1.96 billion, a P/E ratio of 20.22 and a beta of 0.74. Criteo has a one year low of $27.46 and a one year high of $49.93.

Criteo (NASDAQ:CRTO) last issued its earnings results on Wednesday, February 5th. The information services provider reported $1.41 earnings per share for the quarter, topping the consensus estimate of $1.37 by $0.04. Criteo had a net margin of 5.08% and a return on equity of 16.37%. On average, sell-side analysts forecast that Criteo will post 3.09 earnings per share for the current fiscal year.

Insider Buying and Selling at Criteo

In other Criteo news, insider Brian Gleason sold 1,924 shares of the firm’s stock in a transaction that occurred on Friday, January 31st. The stock was sold at an average price of $38.08, for a total transaction of $73,265.92. Following the completion of the sale, the insider now owns 137,161 shares in the company, valued at $5,223,090.88. This trade represents a 1.38 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Megan Clarken sold 13,823 shares of Criteo stock in a transaction that occurred on Thursday, February 13th. The stock was sold at an average price of $43.56, for a total value of $602,129.88. Following the sale, the chief executive officer now owns 488,229 shares in the company, valued at $21,267,255.24. This represents a 2.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 26,363 shares of company stock valued at $1,124,213 in the last ninety days. Insiders own 1.71% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the stock. Stifel Financial Corp lifted its position in shares of Criteo by 263.5% during the third quarter. Stifel Financial Corp now owns 20,786 shares of the information services provider’s stock worth $836,000 after purchasing an additional 15,067 shares during the last quarter. MML Investors Services LLC bought a new position in Criteo during the 3rd quarter worth approximately $275,000. Barclays PLC grew its position in shares of Criteo by 40.6% in the 3rd quarter. Barclays PLC now owns 6,186 shares of the information services provider’s stock worth $249,000 after acquiring an additional 1,787 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of Criteo by 1.1% in the 3rd quarter. Geode Capital Management LLC now owns 49,143 shares of the information services provider’s stock valued at $1,978,000 after acquiring an additional 518 shares during the last quarter. Finally, 272 Capital LP bought a new stake in shares of Criteo in the 3rd quarter valued at approximately $1,141,000. 94.27% of the stock is owned by institutional investors and hedge funds.

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.