Criteo (NASDAQ:CRTO) Sees Strong Trading Volume

Shares of Criteo S.A. (NASDAQ:CRTO) saw strong trading volume on Thursday . 216,675 shares changed hands during 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.

Analysts Set New Price Targets

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

Criteo Stock Up 3.1 %

The company has a market cap of $1.96 billion, a price-to-earnings ratio of 39.80 and a beta of 0.95. The company’s fifty day moving average price is $33.88 and its two-hundred day moving average price is $28.63.

Criteo (NASDAQ:CRTO) last released its quarterly 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. The company had revenue of $316.38 million during the quarter, compared to analysts’ expectations of $300.35 million. Criteo had a net margin of 2.73% and a return on equity of 10.42%. On average, equities research analysts predict that Criteo S.A. will post 2.3 earnings per share for the current fiscal year.

Insider Activity

In other news, CEO Megan Clarken sold 5,485 shares of the company’s 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 transaction, the chief executive officer now owns 552,933 shares in the company, valued at $19,352,655. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In related 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 transaction of $89,608.28. Following the completion of the transaction, the chief financial officer now owns 249,706 shares in the company, valued at $6,177,726.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Megan Clarken sold 5,485 shares of the stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $35.00, for a total transaction of $191,975.00. Following the transaction, the chief executive officer now owns 552,933 shares of the company’s stock, valued at approximately $19,352,655. The disclosure for this sale can be found here. Insiders sold 86,725 shares of company stock worth $2,827,082 over the last quarter. 1.10% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the business. Geode Capital Management LLC boosted its holdings in Criteo by 0.7% during the first quarter. Geode Capital Management LLC now owns 47,745 shares of the information services provider’s stock worth $1,504,000 after purchasing an additional 352 shares during the last quarter. KB Financial Partners LLC raised its position in Criteo by 4.1% during the second quarter. KB Financial Partners LLC now owns 9,542 shares of the information services provider’s stock worth $322,000 after acquiring an additional 372 shares in the last quarter. JPMorgan Chase & Co. raised its position in Criteo by 9.4% during the fourth quarter. JPMorgan Chase & Co. now owns 5,911 shares of the information services provider’s stock worth $154,000 after acquiring an additional 506 shares in the last quarter. Barclays PLC raised its position in Criteo by 6.3% during the fourth quarter. Barclays PLC now owns 9,614 shares of the information services provider’s stock worth $243,000 after acquiring an additional 568 shares in the last quarter. Finally, Great West Life Assurance Co. Can raised its position in Criteo by 128.2% during the first quarter. Great West Life Assurance Co. Can now owns 1,043 shares of the information services provider’s stock worth $33,000 after acquiring an additional 586 shares in the last quarter. Institutional investors and hedge funds 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.