Criteo (NASDAQ:CRTO) Reaches New 1-Year High at $36.62

Shares of Criteo S.A. (NASDAQ:CRTO) reached a new 52-week high during trading on Friday . The company traded as high as $36.62 and last traded at $35.30, with a volume of 68722 shares. The stock had previously closed at $34.36.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on CRTO. BMO Capital Markets lifted their price target on shares of Criteo from $28.00 to $31.00 and gave the stock a “market perform” rating in a research note on Thursday, February 8th. Susquehanna boosted their price objective 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. DA Davidson boosted their target price 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. TheStreet raised shares of Criteo from a “c” rating to a “b-” rating in a report on Friday, February 9th. Finally, StockNews.com raised shares of Criteo from a “buy” rating to a “strong-buy” rating in a report on Thursday, February 8th. Five research analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $36.11.

Criteo Stock Up 2.0 %

The stock has a market capitalization of $1.94 billion, a price-to-earnings ratio of 38.61 and a beta of 0.95. The business’s 50-day moving average is $33.82 and its two-hundred day moving average is $28.59.

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

Insider Buying and Selling at Criteo

In other Criteo news, CFO Sarah Js Glickman sold 3,622 shares of the stock in a transaction that occurred on Tuesday, January 23rd. The shares were sold at an average price of $24.74, for a total value of $89,608.28. Following the sale, the chief financial officer now directly owns 249,706 shares of the company’s stock, valued at approximately $6,177,726.44. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, CEO Megan Clarken sold 5,485 shares of the stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $35.00, for a total transaction of $191,975.00. Following the completion of the sale, the chief executive officer now owns 552,933 shares in the company, valued at approximately $19,352,655. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Sarah Js Glickman sold 3,622 shares of the stock in a transaction on Tuesday, January 23rd. The stock was sold at an average price of $24.74, for a total transaction of $89,608.28. Following the sale, the chief financial officer now owns 249,706 shares of the company’s stock, valued at approximately $6,177,726.44. The disclosure for this sale can be found here. In the last three months, insiders have sold 86,725 shares of company stock valued at $2,827,082. Insiders own 1.10% of the company’s stock.

Institutional Trading of Criteo

Hedge funds have recently made changes to their positions in the company. Neuberger Berman Group LLC increased its holdings in shares of Criteo by 1.9% in the 4th quarter. Neuberger Berman Group LLC now owns 5,734,460 shares of the information services provider’s stock valued at $145,152,000 after purchasing an additional 108,101 shares in the last quarter. Cadian Capital Management LP boosted its position in shares of Criteo by 70.4% in the fourth quarter. Cadian Capital Management LP now owns 4,239,314 shares of the information services provider’s stock worth $107,339,000 after acquiring an additional 1,751,511 shares during the last quarter. Senvest Management LLC lifted its position in Criteo by 20.1% during the third quarter. Senvest Management LLC now owns 3,173,624 shares of the information services provider’s stock valued at $92,670,000 after buying an additional 531,546 shares in the last quarter. Acadian Asset Management LLC lifted its position in Criteo by 4.6% during the third quarter. Acadian Asset Management LLC now owns 2,153,531 shares of the information services provider’s stock valued at $62,853,000 after buying an additional 95,391 shares in the last quarter. Finally, Lord Abbett & CO. LLC lifted its position in Criteo by 22.4% during the third quarter. Lord Abbett & CO. LLC now owns 1,022,150 shares of the information services provider’s stock valued at $29,847,000 after buying an additional 187,288 shares in the last quarter. Institutional investors and hedge funds 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.