Stock Traders Purchase High Volume of Criteo Call Options (NASDAQ:CRTO)

Criteo S.A. (NASDAQ:CRTOGet Free Report) was the target of some unusual options trading on Monday. Stock traders acquired 10,026 call options on the stock. This represents an increase of approximately 715% compared to the typical volume of 1,230 call options.

Criteo Trading Down 0.1 %

Shares of NASDAQ:CRTO opened at $35.89 on Tuesday. Criteo has a 12-month low of $22.10 and a 12-month high of $39.97. The business’s fifty day simple moving average is $36.98 and its 200-day simple moving average is $32.22. The company has a market capitalization of $2.03 billion, a PE ratio of 37.00 and a beta of 0.95.

Criteo (NASDAQ:CRTOGet Free Report) last announced its quarterly earnings results on Thursday, May 2nd. The information services provider reported $0.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.30 by $0.14. Criteo had a return on equity of 12.33% and a net margin of 2.96%. The business had revenue of $253.89 million for the quarter, compared to the consensus estimate of $246.10 million. Research analysts predict that Criteo will post 2.26 EPS for the current year.

Insider Buying and Selling at Criteo

In other Criteo news, CEO Megan Clarken sold 5,490 shares of the firm’s stock in a transaction that occurred on Tuesday, May 28th. The stock was sold at an average price of $38.94, for a total transaction of $213,780.60. Following the completion of the transaction, the chief executive officer now owns 527,712 shares in the company, valued at approximately $20,549,105.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, CEO Megan Clarken sold 5,490 shares of Criteo stock in a transaction that occurred on Tuesday, May 28th. The stock was sold at an average price of $38.94, for a total value of $213,780.60. Following the completion of the transaction, the chief executive officer now owns 527,712 shares in the company, valued at approximately $20,549,105.28. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Sarah Js Glickman sold 5,504 shares of Criteo stock in a transaction that occurred on Tuesday, April 23rd. The stock was sold at an average price of $35.40, for a total value of $194,841.60. Following the completion of the transaction, the chief financial officer now owns 327,232 shares of the company’s stock, valued at approximately $11,584,012.80. The disclosure for this sale can be found here. Insiders sold 41,672 shares of company stock worth $1,561,239 in the last quarter. 1.71% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Citigroup Inc. purchased a new position in Criteo during the 3rd quarter worth $33,000. Mather Group LLC. purchased a new position in Criteo during the 1st quarter worth $48,000. Covestor Ltd grew its stake in Criteo by 64.1% during the 1st quarter. Covestor Ltd now owns 1,838 shares of the information services provider’s stock valued at $64,000 after purchasing an additional 718 shares during the last quarter. Barometer Capital Management Inc. purchased a new stake in Criteo during the 4th quarter valued at about $119,000. Finally, FNY Investment Advisers LLC grew its stake in Criteo by 300.0% during the 4th quarter. FNY Investment Advisers LLC now owns 6,000 shares of the information services provider’s stock valued at $151,000 after purchasing an additional 4,500 shares during the last quarter. 94.27% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

CRTO has been the subject of a number of recent research reports. Susquehanna lifted their target price on Criteo from $33.00 to $40.00 and gave the stock a “neutral” rating in a report on Monday, May 6th. BMO Capital Markets raised Criteo from a “market perform” rating to an “outperform” rating and raised their price target for the stock from $31.00 to $45.00 in a research note on Friday, May 24th. JPMorgan Chase & Co. raised their price target on Criteo from $31.00 to $40.00 and gave the stock a “neutral” rating in a research note on Friday, May 3rd. KeyCorp raised their price target on Criteo from $36.00 to $37.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 1st. Finally, DA Davidson raised their price target on Criteo from $35.00 to $43.00 and gave the stock a “neutral” rating in a research note on Friday, May 3rd. Four investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $39.44.

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About Criteo

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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.

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