Criteo (NASDAQ:CRTO) Hits New 1-Year High at $40.14

Criteo S.A. (NASDAQ:CRTO) shares reached a new 52-week high on Monday . The stock traded as high as $40.14 and last traded at $39.92, with a volume of 65201 shares traded. The stock had previously closed at $40.00.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on CRTO shares. JPMorgan Chase & Co. boosted their target price on Criteo from $31.00 to $40.00 and gave the stock a “neutral” rating in a report on Friday, May 3rd. Susquehanna boosted 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 upgraded Criteo from a “market perform” rating to an “outperform” rating and boosted their target price for the stock from $31.00 to $45.00 in a report on Friday, May 24th. KeyCorp boosted their target price on Criteo from $36.00 to $37.00 and gave the stock an “overweight” rating in a report on Wednesday, May 1st. Finally, DA Davidson boosted their target price on Criteo from $35.00 to $43.00 and gave the stock a “neutral” rating in a report on Friday, May 3rd. Four analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $39.44.

Criteo Stock Down 0.2 %

The firm has a market capitalization of $2.26 billion, a P/E ratio of 41.23 and a beta of 0.99. The business has a 50-day moving average price of $37.60 and a 200-day moving average price of $33.26.

Criteo (NASDAQ:CRTO) last released its quarterly earnings data 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 analysts’ expectations of $246.10 million. As a group, sell-side analysts forecast that Criteo S.A. will post 2.26 EPS for the current year.

Insider Buying and Selling at Criteo

In other Criteo news, CEO Megan Clarken sold 3,894 shares of the company’s stock in a transaction on Friday, May 24th. The stock was sold at an average price of $38.99, for a total value of $151,827.06. Following the sale, the chief executive officer now directly owns 533,202 shares in the company, valued at $20,789,545.98. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Criteo news, CEO Megan Clarken sold 3,894 shares of the company’s stock in a transaction on Friday, May 24th. The stock was sold at an average price of $38.99, for a total value of $151,827.06. Following the sale, the chief executive officer now directly owns 533,202 shares in the company, valued at $20,789,545.98. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Till Hufnagel purchased 6,000 shares of the stock in a transaction on Tuesday, May 14th. The stock was bought at an average price of $37.67 per share, for a total transaction of $226,020.00. Following the completion of the transaction, the insider now directly owns 1,777,425 shares of the company’s stock, valued at $66,955,599.75. The disclosure for this purchase can be found here. Insiders have sold 41,672 shares of company stock worth $1,561,239 over the last three months. Company insiders own 1.71% of the company’s stock.

Hedge Funds Weigh In On Criteo

Institutional investors and hedge funds have recently bought and sold shares of the business. GAMMA Investing LLC lifted its stake in shares of Criteo by 67.3% during the second quarter. GAMMA Investing LLC now owns 738 shares of the information services provider’s stock valued at $28,000 after acquiring an additional 297 shares during the period. Citigroup Inc. acquired a new position in shares of Criteo during the third quarter valued at $33,000. Mather Group LLC. acquired a new position in shares of Criteo during the first quarter valued at $48,000. Covestor Ltd lifted its stake in shares of Criteo by 64.1% during the first quarter. Covestor Ltd now owns 1,838 shares of the information services provider’s stock valued at $64,000 after acquiring an additional 718 shares during the period. Finally, Barometer Capital Management Inc. acquired a new position in shares of Criteo during the fourth quarter valued at $119,000. Institutional investors and hedge funds 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.