Criteo (NASDAQ:CRTO) Hits New 1-Year High at $36.76

Criteo S.A. (NASDAQ:CRTO)’s stock price hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $36.76 and last traded at $36.76, with a volume of 220 shares trading hands. The stock had previously closed at $35.07.

Analyst Ratings Changes

Several research firms have recently issued reports on CRTO. StockNews.com raised Criteo from a “buy” rating to a “strong-buy” rating in a research report on Thursday, February 8th. TheStreet upgraded shares of Criteo from a “c” rating to a “b-” rating in a research note on Friday, February 9th. Susquehanna raised their price target on shares of Criteo from $26.00 to $33.00 and gave the company a “neutral” rating in a research report on Thursday, February 8th. JPMorgan Chase & Co. boosted their price objective on shares of Criteo from $27.00 to $31.00 and gave the stock a “neutral” rating in a report on Thursday, February 8th. Finally, DA Davidson increased their target price on Criteo from $27.00 to $35.00 and gave the company a “neutral” rating in a research note on Monday, March 4th. Five analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Criteo has a consensus rating of “Moderate Buy” and an average price target of $36.11.

Criteo Trading Up 0.0 %

The business’s 50 day simple moving average is $31.31 and its two-hundred day simple moving average is $27.96. The firm has a market capitalization of $1.94 billion, a PE ratio of 39.40 and a beta of 0.93.

Criteo (NASDAQ:CRTO) last released its earnings results on Wednesday, February 7th. The information services provider reported $1.24 earnings per share for the quarter, beating the consensus estimate of $0.94 by $0.30. Criteo had a return on equity of 10.42% and a net margin of 2.73%. The company had revenue of $316.38 million for the quarter, compared to the consensus estimate of $300.35 million. As a group, equities research analysts anticipate that Criteo S.A. will post 2.3 earnings per share for the current year.

Insider Buying and Selling at Criteo

In other news, CFO Sarah Js Glickman sold 3,622 shares of the stock in a transaction 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 directly owns 249,706 shares of the company’s stock, valued at $6,177,726.44. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other Criteo news, CEO Megan Clarken sold 23,331 shares of the stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $33.04, for a total transaction of $770,856.24. Following the completion of the transaction, the chief executive officer now owns 383,858 shares of the company’s stock, valued at approximately $12,682,668.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Sarah Js Glickman sold 3,622 shares of the firm’s stock in a transaction dated Tuesday, January 23rd. The shares were sold at an average price of $24.74, for a total value of $89,608.28. Following the transaction, the chief financial officer now owns 249,706 shares of the company’s stock, valued at approximately $6,177,726.44. The disclosure for this sale can be found here. Insiders have sold 86,725 shares of company stock valued at $2,827,082 over the last 90 days. 1.10% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Raymond James & Associates purchased a new stake in shares of Criteo during the first quarter worth about $644,000. Sei Investments Co. grew its holdings in Criteo by 78.3% in the first quarter. Sei Investments Co. now owns 71,541 shares of the information services provider’s stock valued at $1,942,000 after purchasing an additional 31,410 shares during the period. Northern Trust Corp increased its position in shares of Criteo by 169.6% in the first quarter. Northern Trust Corp now owns 16,178 shares of the information services provider’s stock valued at $441,000 after buying an additional 10,177 shares in the last quarter. UBS Group AG raised its stake in shares of Criteo by 4.4% during the 1st quarter. UBS Group AG now owns 177,598 shares of the information services provider’s stock worth $4,838,000 after buying an additional 7,472 shares during the period. Finally, State Street Corp lifted its position in shares of Criteo by 72.1% during the 1st quarter. State Street Corp now owns 167,479 shares of the information services provider’s stock valued at $4,562,000 after buying an additional 70,173 shares in the last quarter. Institutional investors own 94.27% of the company’s stock.

About Criteo

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.