Ryan Damon Sells 1,263 Shares of Criteo S.A. (NASDAQ:CRTO) Stock

Criteo S.A. (NASDAQ:CRTO - Get Free Report) insider Ryan Damon sold 1,263 shares of the firm's stock in a transaction that occurred on Tuesday, May 27th. The stock was sold at an average price of $26.12, for a total transaction of $32,989.56. Following the completion of the transaction, the insider now directly owns 130,739 shares in the company, valued at approximately $3,414,902.68. The trade was a 0.96% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Ryan Damon also recently made the following trade(s):

• On Friday, May 23rd, Ryan Damon sold 2,132 shares of Criteo stock. The shares were sold at an average price of $25.81, for a total transaction of $55,026.92.

Criteo Stock Down 0.8%

CRTO stock traded down $0.21 during trading on Friday, reaching $25.27. The company's stock had a trading volume of 474,892 shares, compared to its average volume of 446,996. The company's fifty day moving average is $30.16 and its 200-day moving average is $36.44. The company has a market capitalization of $1.46 billion, a P/E ratio of 15.04 and a beta of 0.63. Criteo S.A. has a 1 year low of $24.91 and a 1 year high of $49.93.

Criteo (NASDAQ:CRTO - Get Free Report) last released its earnings results on Friday, May 2nd. The information services provider reported $1.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.77 by $0.33. The firm had revenue of $451.43 million during the quarter, compared to analysts' expectations of $259.86 million. Criteo had a return on equity of 16.37% and a net margin of 5.08%. The firm's revenue was up 3.9% on a year-over-year basis. During the same quarter last year, the business posted $0.80 earnings per share. Analysts anticipate that Criteo S.A. will post 3.09 earnings per share for the current year.

Wall Street Analysts Forecast Growth

CRTO has been the subject of a number of recent research reports. DA Davidson cut their price objective on shares of Criteo from $57.00 to $42.00 and set a "buy" rating for the company in a research report on Tuesday, May 6th. Susquehanna lowered their target price on Criteo from $50.00 to $38.00 and set a "neutral" rating on the stock in a research report on Wednesday, April 30th. Stifel Nicolaus cut their price target on Criteo from $61.00 to $46.00 and set a "buy" rating for the company in a report on Wednesday, April 23rd. Citigroup restated an "underperform" rating on shares of Criteo in a research report on Friday, April 25th. Finally, Benchmark reaffirmed a "buy" rating and issued a $51.00 price objective on shares of Criteo in a research note on Tuesday, February 4th. One analyst has rated the stock with a sell rating, four have issued a hold rating and seven have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $46.70.

Institutional Investors Weigh In On Criteo

A number of institutional investors have recently added to or reduced their stakes in the stock. Alliancebernstein L.P. boosted its position in shares of Criteo by 38.3% during the fourth quarter. Alliancebernstein L.P. now owns 3,796,975 shares of the information services provider's stock worth $150,208,000 after acquiring an additional 1,052,126 shares during the last quarter. ANTIPODES PARTNERS Ltd lifted its stake in Criteo by 41,776.0% in the 4th quarter. ANTIPODES PARTNERS Ltd now owns 994,555 shares of the information services provider's stock worth $39,348,000 after purchasing an additional 992,180 shares in the last quarter. Senvest Management LLC boosted its holdings in shares of Criteo by 25.7% during the 4th quarter. Senvest Management LLC now owns 3,639,479 shares of the information services provider's stock valued at $143,978,000 after purchasing an additional 743,695 shares during the last quarter. Cadian Capital Management LP grew its position in shares of Criteo by 38.2% during the fourth quarter. Cadian Capital Management LP now owns 2,584,333 shares of the information services provider's stock valued at $102,236,000 after purchasing an additional 713,785 shares in the last quarter. Finally, Schroder Investment Management Group increased its holdings in shares of Criteo by 4,200.9% in the fourth quarter. Schroder Investment Management Group now owns 572,790 shares of the information services provider's stock worth $22,493,000 after purchasing an additional 559,472 shares during 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.