Criteo (NASDAQ:CRTO) Hits New 52-Week High Following Analyst Upgrade

Criteo S.A. (NASDAQ:CRTO - Get Free Report) shares reached a new 52-week high during trading on Thursday after KeyCorp raised their price target on the stock from $36.00 to $37.00. KeyCorp currently has an overweight rating on the stock. Criteo traded as high as $39.54 and last traded at $37.29, with a volume of 107224 shares trading hands. The stock had previously closed at $35.15.

CRTO has been the topic of several other reports. Benchmark reissued a "buy" rating and set a $40.00 price target on shares of Criteo in a research report on Tuesday. Wells Fargo & Company raised Criteo from an "equal weight" rating to an "overweight" rating and boosted their price target for the stock from $28.00 to $41.00 in a research report on Thursday, February 8th. JPMorgan Chase & Co. boosted their price target on Criteo from $27.00 to $31.00 and gave the stock a "neutral" rating in a research report on Thursday, February 8th. Susquehanna boosted their price target on Criteo from $26.00 to $33.00 and gave the stock a "neutral" rating in a research report on Thursday, February 8th. Finally, BMO Capital Markets upped their target price on Criteo from $28.00 to $31.00 and gave the company a "market perform" rating in a research report 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 issued a strong buy rating to the company. According to data from MarketBeat, Criteo has an average rating of "Moderate Buy" and a consensus target price of $35.22.

Insider Activity

In other news, CEO Megan Clarken sold 23,331 shares of the business's stock in a transaction that occurred 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 completion of the sale, the chief executive officer now directly owns 383,858 shares in the company, valued at approximately $12,682,668.32. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CEO Megan Clarken sold 23,331 shares of the company's stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $33.04, for a total transaction of $770,856.24. Following the completion of the transaction, the chief executive officer now directly owns 383,858 shares in the company, valued at approximately $12,682,668.32. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CFO Sarah Js Glickman sold 9,653 shares of the company's stock in a transaction on Monday, February 26th. The stock was sold at an average price of $32.69, for a total value of $315,556.57. Following the transaction, the chief financial officer now owns 293,019 shares of the company's stock, valued at $9,578,791.11. The disclosure for this sale can be found here. In the last ninety days, insiders sold 88,607 shares of company stock worth $2,932,315. 1.10% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Federated Hermes Inc. boosted its position in Criteo by 17.8% during the 3rd quarter. Federated Hermes Inc. now owns 120,061 shares of the information services provider's stock worth $3,506,000 after acquiring an additional 18,128 shares during the period. Citigroup Inc. acquired a new stake in shares of Criteo in the third quarter valued at $33,000. Acadian Asset Management LLC lifted its holdings in shares of Criteo by 4.6% in 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 during the period. Victory Capital Management Inc. acquired a new stake in shares of Criteo in the third quarter valued at $15,306,000. Finally, Lord Abbett & CO. LLC lifted its holdings in shares of Criteo by 22.4% in 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 during the period. Institutional investors and hedge funds own 94.27% of the company's stock.

Criteo Price Performance

The firm has a market cap of $2.09 billion, a price-to-earnings ratio of 41.74 and a beta of 0.95. The company has a fifty day moving average price of $34.66 and a two-hundred day moving average price of $29.08.

Criteo (NASDAQ:CRTO - Get Free Report) last announced its quarterly earnings data on Wednesday, February 7th. The information services provider reported $1.24 earnings per share for the quarter, beating the consensus estimate of $0.94 by $0.30. The business had revenue of $316.38 million during the quarter, compared to analyst estimates of $300.35 million. Criteo had a return on equity of 10.42% and a net margin of 2.73%. On average, research analysts expect that Criteo S.A. will post 2.3 earnings per share for the current fiscal year.

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.