Criteo S.A. (NASDAQ:CRTO) Director Rachel Picard Sells 10,000 Shares

Criteo S.A. (NASDAQ:CRTO – Get Rating) Director Rachel Picard sold 10,000 shares of the firm’s stock in a transaction dated Friday, February 24th. The stock was sold at an average price of $32.52, for a total value of $325,200.00. Following the sale, the director now directly owns 26,705 shares of the company’s stock, valued at $868,446.60. The transaction was disclosed in a document filed with the SEC, which is available through this link.

Criteo Trading Down 1.2 %

Shares of NASDAQ CRTO opened at $33.22 on Tuesday. Criteo S.A. has a 12 month low of $20.56 and a 12 month high of $36.76. The stock has a 50 day moving average of $29.89 and a 200-day moving average of $27.76. The company has a market capitalization of $2.00 billion, a P/E ratio of 35.34 and a beta of 0.87.

Criteo (NASDAQ:CRTO – Get Rating) last released its quarterly earnings results on Wednesday, February 8th. The information services provider reported $0.55 earnings per share for the quarter, missing the consensus estimate of $0.71 by ($0.16). The firm had revenue of $283.40 million for the quarter, compared to analyst estimates of $276.74 million. Criteo had a return on equity of 9.15% and a net margin of 2.95%. Analysts predict that Criteo S.A. will post 1.93 EPS for the current fiscal year.

Institutional Trading of Criteo

Several hedge funds have recently added to or reduced their stakes in the company. Raymond James & Associates acquired a new position in Criteo in the 1st quarter valued at $644,000. Sei Investments Co. raised its holdings in Criteo by 78.3% in the 1st quarter. Sei Investments Co. now owns 71,541 shares of the information services provider’s stock valued at $1,942,000 after acquiring an additional 31,410 shares in the last quarter. Northern Trust Corp raised its holdings in Criteo by 169.6% in the 1st quarter. Northern Trust Corp now owns 16,178 shares of the information services provider’s stock valued at $441,000 after acquiring an additional 10,177 shares in the last quarter. UBS Group AG raised its holdings in Criteo by 4.4% in the 1st quarter. UBS Group AG now owns 177,598 shares of the information services provider’s stock valued at $4,838,000 after acquiring an additional 7,472 shares in the last quarter. Finally, State Street Corp increased its stake in shares of Criteo by 72.1% in the 1st quarter. State Street Corp now owns 167,479 shares of the information services provider’s stock valued at $4,562,000 after purchasing an additional 70,173 shares during the last quarter. 88.25% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages recently weighed in on CRTO. Benchmark raised their price objective on Criteo from $40.00 to $45.00 and gave the company a “buy” rating in a research note on Thursday, February 9th. StockNews.com cut shares of Criteo from a “buy” rating to a “hold” rating in a research note on Friday, February 17th. Huber Research lowered Criteo from an “overweight” rating to an “underweight” rating in a research note on Thursday, February 16th. Citigroup started coverage on shares of Criteo in a research note on Tuesday, December 13th. They issued a “buy” rating and a $36.00 target price on the stock. Finally, Susquehanna raised their price target on Criteo from $27.00 to $38.00 and gave the company a “neutral” rating in a report on Thursday, February 9th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $39.63.

About Criteo

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Criteo SA is a global technology company, which specializes in digital performance marketing. The firm enables e-commerce companies to leverage large volumes of granular data to engage and convert their customers. It operates through the following segments: Marketing Solutions and Retail Media. The Marketing Solutions segment allows commerce companies to address multiple marketing goals by engaging their consumers with personalized ads across the web, mobile and offline store environments.