Criteo (NASDAQ:CRTO) Shares Up 3.4%

Criteo S.A. (NASDAQ:CRTO)’s share price was up 3.4% during trading on Wednesday . The company traded as high as $35.09 and last traded at $34.81. Approximately 122,621 shares traded hands during trading, a decline of 49% from the average daily volume of 238,833 shares. The stock had previously closed at $33.65.

Wall Street Analyst Weigh In

CRTO has been the subject of a number of research analyst reports. DA Davidson upped their price objective on shares of Criteo from $27.00 to $35.00 and gave the stock a “neutral” rating in a research report on Monday, March 4th. Wells Fargo & Company upgraded Criteo from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $28.00 to $41.00 in a report on Thursday, February 8th. Susquehanna increased their target price on shares of Criteo from $26.00 to $33.00 and gave the stock a “neutral” rating in a research note on Thursday, February 8th. TheStreet raised shares of Criteo from a “c” rating to a “b-” rating in a research note on Friday, February 9th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Criteo from $27.00 to $31.00 and gave the stock a “neutral” rating in a research report on Thursday, February 8th. Five research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong 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 $36.11.

Criteo Trading Up 2.6 %

The stock has a market capitalization of $1.91 billion, a P/E ratio of 37.81 and a beta of 0.95. The business has a fifty day simple moving average of $33.71 and a 200 day simple moving average of $28.51.

Criteo (NASDAQ:CRTO) last announced its quarterly earnings results on Wednesday, February 7th. The information services provider reported $1.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.94 by $0.30. The business had revenue of $316.38 million during the quarter, compared to the consensus estimate of $300.35 million. Criteo had a return on equity of 10.42% and a net margin of 2.73%. As a group, research analysts forecast that Criteo S.A. will post 2.3 earnings per share for the current year.

Insider Activity

In other news, CFO Sarah Js Glickman sold 3,622 shares of the company’s stock in a transaction that occurred on Tuesday, January 23rd. The stock was sold at an average price of $24.74, for a total value of $89,608.28. Following the completion of the transaction, the chief financial officer now directly owns 249,706 shares of the company’s stock, valued at $6,177,726.44. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other Criteo news, CFO Sarah Js Glickman sold 3,622 shares of the business’s stock in a transaction on Tuesday, January 23rd. The stock was sold at an average price of $24.74, for a total value of $89,608.28. Following the transaction, the chief financial officer now owns 249,706 shares of the company’s stock, valued at $6,177,726.44. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Ryan Damon sold 7,959 shares of the firm’s stock in a transaction on Monday, February 26th. The shares were sold at an average price of $32.69, for a total value of $260,179.71. Following the sale, the insider now directly owns 144,545 shares of the company’s stock, valued at $4,725,176.05. The disclosure for this sale can be found here. Insiders sold a total of 86,725 shares of company stock worth $2,827,082 over the last quarter. Insiders own 1.10% of the company’s stock.

Institutional Trading of Criteo

Several hedge funds have recently added to or reduced their stakes in CRTO. Raymond James & Associates bought a new stake in shares of Criteo in the first quarter valued at approximately $644,000. Sei Investments Co. boosted its stake in Criteo by 78.3% in the 1st quarter. Sei Investments Co. now owns 71,541 shares of the information services provider’s stock worth $1,942,000 after purchasing an additional 31,410 shares during the period. Northern Trust Corp grew its holdings in Criteo by 169.6% during the 1st quarter. Northern Trust Corp now owns 16,178 shares of the information services provider’s stock valued at $441,000 after buying an additional 10,177 shares in the last quarter. UBS Group AG increased its position in shares of Criteo by 4.4% during the first quarter. UBS Group AG now owns 177,598 shares of the information services provider’s stock valued at $4,838,000 after buying an additional 7,472 shares during the period. Finally, State Street Corp increased its position in shares of Criteo by 72.1% during the first quarter. State Street Corp now owns 167,479 shares of the information services provider’s stock valued at $4,562,000 after buying an additional 70,173 shares during the period. Institutional investors own 94.27% of the company’s stock.

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.