Criteo (NASDAQ:CRTO) Stock Price Target Cut by Morgan Stanley

Criteo (NASDAQ:CRTO) had its price target cut by analysts at Morgan Stanley from $25.00 to $20.00 in a report released on Tuesday, Benzinga reports. The firm currently has an “equal weight” rating on the information services provider’s stock. Morgan Stanley‘s price objective suggests a potential upside of 15.34% from the stock’s current price.

A number of other equities research analysts also recently issued reports on CRTO. Benchmark lowered their price target on Criteo from $25.00 to $21.00 and set a “buy” rating for the company in a research report on Thursday, August 6th. Zacks Research upgraded Criteo from a “strong sell” rating to a “hold” rating in a report on Monday, October 19th. BMO Capital Markets set a $20.00 price objective on Criteo in a research note on Thursday, August 6th. Wells Fargo & Company cut their price target on shares of Criteo from $15.00 to $14.00 and set an “equal weight” rating on the stock in a report on Thursday, November 5th. Finally, Huber Research downgraded shares of Criteo from an “overweight” rating to an “underweight” rating in a research note on Monday, August 24th. Six research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, Criteo has a consensus rating of “Hold” and a consensus price target of $20.85.

Criteo Stock Up 4.4%

CRTO traded up $0.73 on Tuesday, hitting $17.34. 288,255 shares of the company traded hands, compared to its average volume of 422,399. The company has a 50 day moving average of $15.93 and a 200-day moving average of $17.97. Criteo has a 12-month low of $13.95 and a 12-month high of $25.29. The stock has a market capitalization of $849.66 million, a PE ratio of 12.55 and a beta of 0.35.

Criteo (NASDAQ:CRTO) last released its quarterly earnings results on Wednesday, November 4th. The information services provider reported $0.43 earnings per share for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.14). Criteo had a return on equity of 10.90% and a net margin of 3.99%. The firm had revenue of $240.36 million during the quarter, compared to analyst estimates of $239.18 million. During the same quarter in the prior year, the company earned $1.31 EPS. The business’s revenue was down 16.7% on a year-over-year basis. On average, research analysts anticipate that Criteo will post 2.58 EPS for the current year.

Insider Buying and Selling

In other Criteo news, CEO Michael Komasinski sold 1,656 shares of the business’s stock in a transaction dated Friday, August 28th. The shares were sold at an average price of $17.28, for a total transaction of $28,615.68. Following the completion of the transaction, the chief executive officer directly owned 343,891 shares of the company’s stock, valued at $5,942,436.48. The trade was a 0.48% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last ninety days, insiders sold 2,855 shares of company stock worth $48,898. 1.52% of the stock is owned by corporate insiders.

Institutional Trading of Criteo

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Senvest Management LLC raised its position in Criteo by 4.5% during the first quarter. Senvest Management LLC now owns 4,597,322 shares of the information services provider’s stock valued at $82,430,000 after acquiring an additional 200,000 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its stake in shares of Criteo by 10.7% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 975,109 shares of the information services provider’s stock worth $17,484,000 after purchasing an additional 94,389 shares during the last quarter. Sei Investments Co. raised its holdings in shares of Criteo by 47.2% during the 1st quarter. Sei Investments Co. now owns 246,026 shares of the information services provider’s stock valued at $4,411,000 after purchasing an additional 78,834 shares in the last quarter. Janus Henderson Group PLC raised its holdings in shares of Criteo by 4.6% during the 1st quarter. Janus Henderson Group PLC now owns 1,769,644 shares of the information services provider’s stock valued at $31,774,000 after purchasing an additional 77,145 shares in the last quarter. Finally, Bessemer Group Inc. raised its holdings in shares of Criteo by 128.3% during the 1st quarter. Bessemer Group Inc. now owns 37,185 shares of the information services provider’s stock valued at $667,000 after purchasing an additional 20,897 shares in the last quarter. 94.27% of the stock is owned by institutional investors and hedge funds.

About Criteo

Criteo SA (NASDAQ: CRTO) is a global commerce media and advertising technology company headquartered in Paris, France. The company helps brands, retailers and other businesses use commerce data and artificial intelligence to reach consumers, build customer relationships and measure advertising performance across digital channels.

Criteo’s offerings include retail media solutions, which enable retailers and marketplace operators to provide sponsored product listings and other advertising placements, as well as performance media tools for campaigns across websites, mobile applications and the open internet.