Criteo (NASDAQ:CRTO) Sees Strong Trading Volume

Criteo S.A. (NASDAQ:CRTO - Get Free Report) shares saw unusually-strong trading volume on Thursday . Approximately 216,675 shares changed 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.

Analyst Ratings Changes

Several research analysts have commented on CRTO shares. TheStreet raised Criteo from a "c" rating to a "b-" rating in a research report on Friday, February 9th. Wells Fargo & Company raised Criteo from an "equal weight" rating to an "overweight" rating and upped their price target for the company from $28.00 to $41.00 in a research note on Thursday, February 8th. JPMorgan Chase & Co. upped their price objective on Criteo from $27.00 to $31.00 and gave the company a "neutral" rating in a report on Thursday, February 8th. BMO Capital Markets upped their price objective on Criteo from $28.00 to $31.00 and gave the company a "market perform" rating in a report on Thursday, February 8th. Finally, DA Davidson increased their price target on Criteo from $27.00 to $35.00 and gave the stock a "neutral" rating in a report on Monday, March 4th. Five analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Criteo presently has a consensus rating of "Moderate Buy" and a consensus target price of $36.11.

Criteo Stock Up 0.9 %

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

Criteo (NASDAQ:CRTO - Get Free Report) last released its quarterly earnings results on Wednesday, February 7th. The information services provider reported $1.24 earnings per share for the quarter, topping the consensus estimate of $0.94 by $0.30. The firm had revenue of $316.38 million for 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%. On average, research analysts anticipate that Criteo S.A. will post 2.3 EPS for the current year.

Insiders Place Their Bets

In other Criteo news, CFO Sarah Js Glickman sold 3,622 shares of the firm's stock in a transaction that occurred on Tuesday, January 23rd. The shares were sold at an average price of $24.74, for a total transaction of $89,608.28. Following the completion of the transaction, the chief financial officer now owns 249,706 shares of the company's stock, valued at $6,177,726.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Criteo news, CFO Sarah Js Glickman sold 3,622 shares of Criteo 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 completion of the sale, the chief financial officer now owns 249,706 shares of the company's stock, valued at approximately $6,177,726.44. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Ryan Damon sold 7,959 shares of Criteo stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $32.69, for a total transaction of $260,179.71. Following the completion of the sale, the insider now directly owns 144,545 shares of the company's stock, valued at approximately $4,725,176.05. The disclosure for this sale can be found here. Insiders sold 86,725 shares of company stock worth $2,827,082 over the last three months. Company insiders own 1.10% of the company's stock.

Institutional Trading of Criteo

Hedge funds have recently made changes to their positions in the business. Mather Group LLC. purchased a new stake in Criteo in the 1st quarter worth about $48,000. GSA Capital Partners LLP boosted its stake in Criteo by 334.4% in the fourth quarter. GSA Capital Partners LLP now owns 44,392 shares of the information services provider's stock valued at $1,124,000 after acquiring an additional 34,172 shares in the last quarter. Barclays PLC boosted its stake in Criteo by 6.3% in the fourth quarter. Barclays PLC now owns 9,614 shares of the information services provider's stock valued at $243,000 after acquiring an additional 568 shares in the last quarter. Orchard Capital Management LLC raised its holdings in shares of Criteo by 3.2% in the fourth quarter. Orchard Capital Management LLC now owns 453,896 shares of the information services provider's stock worth $11,493,000 after buying an additional 14,281 shares during the last quarter. Finally, Prelude Capital Management LLC raised its holdings in shares of Criteo by 171.3% in the fourth quarter. Prelude Capital Management LLC now owns 19,100 shares of the information services provider's stock worth $484,000 after buying an additional 12,061 shares during the last quarter. 94.27% of the stock is currently 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.