Criteo (NASDAQ:CRTO) Sees Strong Trading Volume

Shares of Criteo S.A. (NASDAQ:CRTO) saw unusually-high trading volume on Thursday . Approximately 216,675 shares were traded during mid-day trading, a decline of 11% from the previous session’s volume of 242,225 shares.The stock last traded at $34.92 and had previously closed at $34.05.

Analyst Upgrades and Downgrades

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

Criteo Stock Performance

The business’s 50 day moving average is $33.88 and its 200 day moving average is $28.63. The stock has a market cap of $1.96 billion, a price-to-earnings ratio of 39.80 and a beta of 0.95.

Criteo (NASDAQ:CRTO) last posted its quarterly earnings data on Wednesday, February 7th. The information services provider reported $1.24 EPS for the quarter, topping analysts’ consensus estimates of $0.94 by $0.30. Criteo had a net margin of 2.73% and a return on equity of 10.42%. The firm had revenue of $316.38 million during the quarter, compared to analyst estimates of $300.35 million. Research analysts expect that Criteo S.A. will post 2.3 earnings per share for the current year.

Insider Buying and Selling

In other Criteo news, insider Ryan Damon sold 7,959 shares of the stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $32.69, for a total value of $260,179.71. Following the completion of the sale, the insider now owns 144,545 shares in the company, valued at approximately $4,725,176.05. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Criteo news, CEO Megan Clarken sold 5,485 shares of the stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $35.00, for a total value of $191,975.00. Following the completion of the sale, the chief executive officer now owns 552,933 shares in the company, valued at approximately $19,352,655. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Ryan Damon sold 7,959 shares of the stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $32.69, for a total transaction of $260,179.71. Following the completion of the sale, the insider now owns 144,545 shares of the company’s stock, valued at approximately $4,725,176.05. The disclosure for this sale can be found here. In the last 90 days, insiders sold 86,725 shares of company stock valued at $2,827,082. Company insiders own 1.10% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of CRTO. Raymond James & Associates bought a new position in shares of Criteo during the 1st quarter valued at $644,000. Sei Investments Co. raised its holdings in shares of Criteo by 78.3% during the 1st 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 in the last quarter. Northern Trust Corp raised its holdings in shares of Criteo by 169.6% during the 1st quarter. Northern Trust Corp now owns 16,178 shares of the information services provider’s stock valued at $441,000 after purchasing an additional 10,177 shares in the last quarter. UBS Group AG raised its holdings 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 valued at $4,838,000 after purchasing an additional 7,472 shares in the last quarter. Finally, State Street Corp raised its holdings 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 purchasing an additional 70,173 shares in the last quarter. Institutional investors own 94.27% of the company’s stock.

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.