Criteo (NASDAQ:CRTO) Sees Strong Trading Volume

Shares of Criteo S.A. (NASDAQ:CRTO) saw unusually-strong trading volume on Thursday . Approximately 216,675 shares traded hands during mid-day trading, a decline of 11% from the previous session’s volume of 242,225 shares.The stock last traded at $34.92 and had previously closed at $34.05.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on CRTO shares. BMO Capital Markets boosted their price target on Criteo from $28.00 to $31.00 and gave the company a “market perform” rating in a research note on Thursday, February 8th. JPMorgan Chase & Co. lifted their target price on shares of Criteo from $27.00 to $31.00 and gave the company a “neutral” rating in a research note on Thursday, February 8th. StockNews.com upgraded Criteo from a “buy” rating to a “strong-buy” rating in a research report on Thursday, February 8th. Wells Fargo & Company upgraded Criteo from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $28.00 to $41.00 in a research report on Thursday, February 8th. Finally, Susquehanna lifted their price target on Criteo from $26.00 to $33.00 and gave the company a “neutral” rating in a report on Thursday, February 8th. Five analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $36.11.

Criteo Stock Up 1.1 %

The company has a market cap of $1.90 billion, a P/E ratio of 38.26 and a beta of 0.95. The business has a 50-day moving average price of $33.78 and a two-hundred day moving average price of $28.55.

Criteo (NASDAQ:CRTO) last announced its quarterly earnings data on Wednesday, February 7th. The information services provider reported $1.24 EPS for the quarter, topping analysts’ consensus estimates of $0.94 by $0.30. Criteo had a return on equity of 10.42% and a net margin of 2.73%. The firm had revenue of $316.38 million during the quarter, compared to analyst estimates of $300.35 million. As a group, sell-side analysts expect that Criteo S.A. will post 2.3 EPS for the current fiscal year.

Insider Buying and Selling at Criteo

In other news, CEO Megan Clarken sold 23,331 shares of the stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $33.04, for a total value of $770,856.24. Following the transaction, the chief executive officer now owns 383,858 shares of the company’s stock, valued at approximately $12,682,668.32. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, CEO Megan Clarken sold 23,331 shares of the company’s stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $33.04, for a total value of $770,856.24. Following the completion of the sale, the chief executive officer now owns 383,858 shares in the company, valued at $12,682,668.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Ryan Damon sold 7,959 shares of the stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $32.69, for a total value of $260,179.71. Following the completion of the transaction, the insider now directly owns 144,545 shares in the company, valued at approximately $4,725,176.05. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 86,725 shares of company stock valued at $2,827,082. 1.10% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Citigroup Inc. acquired a new stake in Criteo in the third quarter worth $33,000. Great West Life Assurance Co. Can raised its stake in Criteo by 128.2% during the 1st quarter. Great West Life Assurance Co. Can now owns 1,043 shares of the information services provider’s stock worth $33,000 after buying an additional 586 shares during the period. First Capital Advisors Group LLC. bought a new position in Criteo during the second quarter worth about $34,000. Mather Group LLC. acquired a new position in Criteo in the first quarter valued at about $48,000. Finally, Natixis increased its holdings in shares of Criteo by 284.0% in the fourth quarter. Natixis now owns 3,959 shares of the information services provider’s stock worth $103,000 after acquiring an additional 2,928 shares in the last quarter. 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.