Criteo (NASDAQ:CRTO) Trading 6.4% Higher – Here’s What Happened

Shares of Criteo S.A. (NASDAQ:CRTO) shot up 6.4% during trading on Friday . The company traded as high as $20.76 and last traded at $20.8240. 49,288 shares traded hands during mid-day trading, a decline of 89% from the average session volume of 444,966 shares. The stock had previously closed at $19.58.

Analyst Ratings Changes

A number of research firms recently weighed in on CRTO. Benchmark decreased their target price on shares of Criteo from $42.00 to $38.00 and set a “buy” rating for the company in a research report on Tuesday, October 28th. DA Davidson set a $38.00 price objective on shares of Criteo in a research note on Thursday, October 30th. Zacks Research downgraded Criteo from a “strong-buy” rating to a “hold” rating in a research report on Tuesday. Weiss Ratings lowered Criteo from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, October 24th. Finally, BMO Capital Markets restated an “outperform” rating and issued a $40.00 price target on shares of Criteo in a research note on Thursday, October 30th. Five equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, Criteo has a consensus rating of “Hold” and an average price target of $38.33.

Criteo Price Performance

The stock has a market capitalization of $1.11 billion, a price-to-earnings ratio of 7.09 and a beta of 0.52. The company’s 50-day simple moving average is $20.89 and its 200-day simple moving average is $22.98.

Insider Transactions at Criteo

In other news, Director Ernst 02494 Teunissen purchased 4,403 shares of Criteo stock in a transaction that occurred on Monday, November 3rd. The stock was acquired at an average cost of $22.71 per share, for a total transaction of $99,992.13. Following the purchase, the director directly owned 12,468 shares of the company’s stock, valued at $283,148.28. This trade represents a 54.59% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Der Kooi Frederik Van acquired 5,000 shares of the firm’s stock in a transaction on Monday, November 10th. The stock was purchased at an average cost of $21.52 per share, for a total transaction of $107,600.00. Following the completion of the acquisition, the director owned 21,600 shares in the company, valued at approximately $464,832. This represents a 30.12% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. In the last 90 days, insiders acquired 11,702 shares of company stock valued at $259,573. 1.66% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Criteo

A number of hedge funds have recently bought and sold shares of CRTO. Black Creek Investment Management Inc. grew its position in shares of Criteo by 60.5% during the 2nd quarter. Black Creek Investment Management Inc. now owns 51,733 shares of the information services provider’s stock worth $1,240,000 after purchasing an additional 19,500 shares in the last quarter. SG Americas Securities LLC bought a new stake in shares of Criteo in the second quarter valued at approximately $725,000. Invesco Ltd. boosted its stake in shares of Criteo by 14.1% in the first quarter. Invesco Ltd. now owns 15,219 shares of the information services provider’s stock valued at $539,000 after buying an additional 1,875 shares during the period. Charles Schwab Investment Management Inc. grew its position in Criteo by 21.9% during the first quarter. Charles Schwab Investment Management Inc. now owns 86,498 shares of the information services provider’s stock worth $3,063,000 after buying an additional 15,537 shares in the last quarter. Finally, Cubist Systematic Strategies LLC increased its stake in Criteo by 245.3% during the 1st quarter. Cubist Systematic Strategies LLC now owns 100,404 shares of the information services provider’s stock worth $3,555,000 after acquiring an additional 71,327 shares during the period. 94.27% of the stock is owned by institutional investors.

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.