Ryan Damon Sells 2,132 Shares of Criteo S.A. (NASDAQ:CRTO) Stock

Criteo S.A. (NASDAQ:CRTO - Get Free Report) insider Ryan Damon sold 2,132 shares of the stock in a transaction dated Friday, May 23rd. The shares were sold at an average price of $25.81, for a total transaction of $55,026.92. Following the completion of the sale, the insider now owns 132,002 shares of the company's stock, valued at $3,406,971.62. This trade represents a 1.59% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

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

• On Tuesday, May 27th, Ryan Damon sold 1,263 shares of Criteo stock. The stock was sold at an average price of $26.12, for a total value of $32,989.56.

Criteo Stock Performance

Shares of Criteo stock traded down $0.21 on Friday, reaching $25.27. The company had a trading volume of 474,892 shares, compared to its average volume of 446,996. The firm's 50 day moving average price is $30.16 and its two-hundred day moving average price is $36.44. Criteo S.A. has a 52-week low of $24.91 and a 52-week high of $49.93. The firm has a market cap of $1.46 billion, a PE ratio of 15.04 and a beta of 0.63.

Criteo (NASDAQ:CRTO - Get Free Report) last released its quarterly earnings results on Friday, May 2nd. The information services provider reported $1.10 EPS for the quarter, topping analysts' consensus estimates of $0.77 by $0.33. Criteo had a return on equity of 16.37% and a net margin of 5.08%. The company had revenue of $451.43 million for the quarter, compared to analysts' expectations of $259.86 million. During the same period in the prior year, the firm earned $0.80 earnings per share. The firm's revenue was up 3.9% compared to the same quarter last year. As a group, sell-side analysts predict that Criteo S.A. will post 3.09 EPS for the current year.

Wall Street Analysts Forecast Growth

CRTO has been the topic of a number of recent research reports. JPMorgan Chase & Co. lowered their price objective on Criteo from $39.00 to $27.00 and set a "neutral" rating on the stock in a research note on Monday, May 5th. Morgan Stanley reduced their price target on Criteo from $40.00 to $36.00 and set an "equal weight" rating on the stock in a report on Monday, May 5th. Susquehanna dropped their price objective on shares of Criteo from $50.00 to $38.00 and set a "neutral" rating for the company in a report on Wednesday, April 30th. BMO Capital Markets cut their price objective on shares of Criteo from $60.00 to $49.00 and set an "outperform" rating for the company in a research report on Monday, May 5th. Finally, Stifel Nicolaus decreased their target price on shares of Criteo from $61.00 to $46.00 and set a "buy" rating on the stock in a report on Wednesday, April 23rd. One analyst has rated the stock with a sell rating, four have given a hold rating and seven have given a buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $46.70.

Hedge Funds Weigh In On Criteo

Hedge funds and other institutional investors have recently bought and sold shares of the company. Waterfront Wealth Inc. boosted its stake in shares of Criteo by 0.7% in the fourth quarter. Waterfront Wealth Inc. now owns 49,161 shares of the information services provider's stock valued at $1,945,000 after purchasing an additional 335 shares during the period. TD Private Client Wealth LLC boosted its position in Criteo by 21.4% in the 1st quarter. TD Private Client Wealth LLC now owns 2,413 shares of the information services provider's stock valued at $85,000 after buying an additional 426 shares during the period. Assetmark Inc. grew its stake in shares of Criteo by 9.9% in the fourth quarter. Assetmark Inc. now owns 6,174 shares of the information services provider's stock worth $244,000 after acquiring an additional 558 shares in the last quarter. Natixis Advisors LLC increased its position in shares of Criteo by 5.9% during the first quarter. Natixis Advisors LLC now owns 12,070 shares of the information services provider's stock worth $427,000 after acquiring an additional 672 shares during the period. Finally, The Manufacturers Life Insurance Company raised its stake in shares of Criteo by 17.5% in the fourth quarter. The Manufacturers Life Insurance Company now owns 6,520 shares of the information services provider's stock valued at $258,000 after acquiring an additional 971 shares in 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.