Criteo (NASDAQ:CRTO) Price target lowered to $32.00 at Morgan Stanley
Criteo (NASDAQ: CRTO – Get a rating) saw its price target reduced by Morgan Stanley from $37.00 to $32.00 in a research note released to investors on Tuesday, Fly reports. The company currently has an equal weight rating on shares of the information services provider.
A number of other research analysts also commented on the OTRO. Berenberg Bank cut its price target on Criteo from $58.50 to $53.00 and set a buy rating for the company in a Thursday, July 14 research note. JPMorgan Chase & Co. lowered its price target on Criteo from $40.00 to $29.00 and set a neutral rating for the company in a Wednesday, June 29 research note. Truist Financial lowered its price target on Criteo from $40.00 to $35.00 and set a Buy rating for the company in a Wednesday July 6 research note. StockNews.com began covering Criteo in a research note on Thursday, March 31. They set a buy rating for the company. Finally, TheStreet downgraded Criteo from an ab to a c+ rating in a research note on Wednesday, April 27. Three equity research analysts gave the stock a hold rating and six gave the stock a buy rating. According to data from MarketBeat, the company currently has a Moderate Buy consensus rating and a consensus price target of $44.13.
Criteo trades up 2.0%
Shares of NASDAQ CRTO opened at $22.93 on Tuesday. The company has a fifty-day simple moving average of $24.57 and a 200-day simple moving average of $28.10. The company has a market capitalization of $1.38 billion, a price-earnings ratio of 11.08 and a beta of 0.92. Criteo has a 1-year low of $20.56 and a 1-year high of $43.68.
Criteo (NASDAQ: CRTO – Get a rating) last reported results on Wednesday, May 4. The information services provider reported EPS of $0.41 for the quarter, beating consensus analyst estimates of $0.31 by $0.10. The company posted revenue of $217.00 million in the quarter, versus analyst estimates of $217.80 million. Criteo had a return on equity of 14.35% and a net margin of 5.97%. Criteo’s revenue grew 1.9% year-over-year. In the same period a year earlier, the company posted earnings per share of $0.58. On average, research analysts expect Criteo to post earnings per share of 2.22 for the current fiscal year.
Criteo Institutional Trading
A number of hedge funds and other institutional investors have recently changed their positions in the company. DnB Asset Management AS increased its stake in Criteo shares by 2.4% in the second quarter. DnB Asset Management AS now owns 5,376,536 shares of the information services provider valued at $131,187,000 after purchasing an additional 127,813 shares last quarter. DNB Asset Management AS increased its stake in Criteo shares by 13.2% in the first quarter. DNB Asset Management AS now owns 5,248,723 shares of the information services provider valued at $142,975,000 after purchasing an additional 612,776 shares last quarter. Alliancebernstein LP increased its stake in Criteo shares by 57.7% in the fourth quarter. Alliancebernstein LP now owns 5,199,242 shares of the information services provider valued at $202,095,000 after buying an additional 1,901,778 shares last quarter. Allianz Asset Management GmbH increased its stake in Criteo shares by 4.3% in the fourth quarter. Allianz Asset Management GmbH now owns 4,812,580 shares of the information services provider valued at $187,065,000 after purchasing an additional 197,745 shares last quarter. Finally, Principal Financial Group Inc. increased its stake in Criteo by 397.5% in the fourth quarter. Principal Financial Group Inc. now owns 994,814 shares of the information services provider valued at $38,668,000 after acquiring an additional 794,859 shares in the last quarter. 93.28% of the shares are currently held by institutional investors and hedge funds.
Criteo Company Profile
Criteo SA, a technology company, provides open internet marketing and monetization services in North and South America, Europe, the Middle East, Africa and Asia-Pacific. The company’s Criteo Shopper Graph, which derives customers’ proprietary business data, such as transaction activity on their digital properties.
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