Criteo S.A. (NASDAQ:CRTO - Get Free Report) shares gapped up prior to trading on Wednesday . The stock had previously closed at $35.61, but opened at $37.00. Criteo shares last traded at $36.18, with a volume of 62,254 shares.
Analyst Ratings Changes
A number of analysts have recently issued reports on CRTO shares. Wells Fargo & Company upgraded shares of Criteo from an "equal weight" rating to an "overweight" rating and raised their price target for the stock from $28.00 to $41.00 in a report on Thursday, February 8th. BMO Capital Markets lifted their target price on shares of Criteo from $28.00 to $31.00 and gave the company a "market perform" rating in a report 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. DA Davidson lifted their price objective on Criteo from $27.00 to $35.00 and gave the company a "neutral" rating in a research note on Monday, March 4th. Finally, Susquehanna increased their target price on Criteo from $26.00 to $33.00 and gave the stock a "neutral" rating in a research note on Thursday, February 8th. Five investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $36.11.
Get Our Latest Stock Report on Criteo
Criteo Price Performance
The company has a market cap of $2.04 billion, a PE ratio of 41.54 and a beta of 0.95. The business's 50 day moving average is $34.03 and its 200-day moving average is $28.73.
Criteo (NASDAQ:CRTO - Get Free Report) last released its quarterly earnings data on Wednesday, February 7th. The information services provider reported $1.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.94 by $0.30. The business had revenue of $316.38 million during the quarter, compared to analysts' expectations of $300.35 million. Criteo had a net margin of 2.73% and a return on equity of 10.42%. As a group, sell-side analysts predict that Criteo S.A. will post 2.3 EPS for the current fiscal year.
Insider Buying and Selling
In other news, CFO Sarah Js Glickman sold 5,504 shares of the company's stock in a transaction on Tuesday, April 23rd. The shares were sold at an average price of $35.40, for a total value of $194,841.60. Following the completion of the transaction, the chief financial officer now owns 327,232 shares in the company, valued at approximately $11,584,012.80. The sale was disclosed in a document filed with the SEC, which is available at this link. In other news, CFO Sarah Js Glickman sold 5,504 shares of Criteo stock in a transaction dated Tuesday, April 23rd. The stock was sold at an average price of $35.40, for a total transaction of $194,841.60. Following the sale, the chief financial officer now owns 327,232 shares in the company, valued at $11,584,012.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Megan Clarken sold 23,331 shares of the company's stock in a transaction dated Thursday, February 22nd. The shares were 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 of the company's stock, valued at $12,682,668.32. The disclosure for this sale can be found here. Insiders sold a total of 88,607 shares of company stock worth $2,932,315 over the last 90 days. 1.10% of the stock is owned by insiders.
Hedge Funds Weigh In On Criteo
Hedge funds have recently modified their holdings of the business. Federated Hermes Inc. boosted its stake 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 purchasing an additional 18,128 shares during the period. Citigroup Inc. acquired a new stake in shares of Criteo during the third quarter worth about $33,000. Acadian Asset Management LLC grew its holdings in shares of 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 worth $62,853,000 after buying an additional 95,391 shares during the last quarter. Victory Capital Management Inc. acquired a new position in Criteo in the 3rd quarter valued at about $15,306,000. Finally, Lord Abbett & CO. LLC raised its stake in Criteo by 22.4% during the 3rd quarter. Lord Abbett & CO. LLC now owns 1,022,150 shares of the information services provider's stock valued at $29,847,000 after acquiring an additional 187,288 shares during the last quarter. 94.27% of the stock is currently owned by hedge funds and other institutional investors.
About Criteo
(
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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.
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