Criteo (NASDAQ:CRTO) Trading Up 3.4%

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

Analyst Ratings Changes

Several research firms have recently weighed in on CRTO. DA Davidson lifted their target price on Criteo from $27.00 to $35.00 and gave the stock a “neutral” rating in a research report on Monday, March 4th. TheStreet upgraded Criteo from a “c” rating to a “b-” rating in a research note on Friday, February 9th. Susquehanna raised their price target on Criteo from $26.00 to $33.00 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 note on Thursday, February 8th. Finally, Wells Fargo & Company upgraded Criteo from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $28.00 to $41.00 in a research note on Thursday, February 8th. Five equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $36.11.

Criteo Stock Up 0.9 %

The firm has a 50 day simple moving average of $33.82 and a 200-day simple moving average of $28.59. The company has a market cap of $1.90 billion, a PE ratio of 38.61 and a beta of 0.95.

Criteo (NASDAQ:CRTO) last issued its quarterly earnings results on Wednesday, February 7th. The information services provider reported $1.24 earnings per share 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 business had revenue of $316.38 million for the quarter, compared to analyst estimates of $300.35 million. As a group, equities analysts anticipate that Criteo S.A. will post 2.3 EPS for the current year.

Insider Buying and Selling at Criteo

In other Criteo news, CFO Sarah Js Glickman sold 3,622 shares of the company’s stock in a transaction dated Tuesday, January 23rd. The shares were 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 owns 249,706 shares in the company, valued at $6,177,726.44. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other news, CEO Megan Clarken sold 5,485 shares of the stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $35.00, for a total transaction of $191,975.00. Following the transaction, the chief executive officer now owns 552,933 shares in the company, valued at approximately $19,352,655. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, 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 transaction of $89,608.28. Following the completion of 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 disclosure for this sale can be found here. Over the last ninety days, insiders sold 86,725 shares of company stock valued at $2,827,082. 1.10% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of CRTO. Citigroup Inc. acquired a new position in shares of Criteo during the third quarter valued at approximately $33,000. Great West Life Assurance Co. Can lifted its holdings in Criteo by 128.2% in the 1st quarter. Great West Life Assurance Co. Can now owns 1,043 shares of the information services provider’s stock valued at $33,000 after purchasing an additional 586 shares in the last quarter. First Capital Advisors Group LLC. purchased a new position in Criteo in the 2nd quarter valued at $34,000. Mather Group LLC. purchased a new position in Criteo in the 1st quarter valued at $48,000. Finally, Natixis lifted its holdings in Criteo by 284.0% in the 4th quarter. Natixis now owns 3,959 shares of the information services provider’s stock valued at $103,000 after purchasing an additional 2,928 shares in the last quarter. 94.27% of the stock is owned by hedge funds and other institutional investors.

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.