Criteo S.A. (NASDAQ:CRTO) Insider Brian Gleason Sells 2,841 Shares

Criteo S.A. (NASDAQ:CRTO) insider Brian Gleason sold 2,841 shares of the business’s stock in a transaction on Tuesday, October 29th. The stock was sold at an average price of $41.10, for a total transaction of $116,765.10. Following the transaction, the insider now directly owns 146,470 shares in the company, valued at $6,019,917. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

Criteo Price Performance

Shares of NASDAQ:CRTO opened at $33.59 on Thursday. The business’s fifty day moving average price is $42.91 and its two-hundred day moving average price is $40.76. Criteo S.A. has a fifty-two week low of $22.10 and a fifty-two week high of $49.93. The stock has a market capitalization of $1.90 billion, a price-to-earnings ratio of 34.63 and a beta of 0.99.

Criteo (NASDAQ:CRTO) last posted its earnings results on Thursday, August 1st. The information services provider reported $1.08 earnings per share for the quarter, topping the consensus estimate of $0.77 by $0.31. Criteo had a net margin of 4.54% and a return on equity of 15.64%. The business had revenue of $471.31 million for the quarter, compared to analyst estimates of $263.64 million. During the same quarter in the prior year, the firm earned $0.12 EPS. The firm’s quarterly revenue was up .5% compared to the same quarter last year. Research analysts expect that Criteo S.A. will post 2.8 EPS for the current fiscal year.

Analysts Set New Price Targets

Several analysts have issued reports on CRTO shares. Morgan Stanley raised their price target on shares of Criteo from $35.00 to $39.00 and gave the stock an “equal weight” rating in a research report on Tuesday, July 23rd. Macquarie lifted their target price on Criteo from $45.00 to $65.00 and gave the stock an “outperform” rating in a research report on Friday, August 2nd. BMO Capital Markets upped their price target on Criteo from $45.00 to $55.00 and gave the company an “outperform” rating in a report on Friday, August 2nd. KeyCorp downgraded Criteo from an “overweight” rating to a “sector weight” rating in a research report on Tuesday, July 30th. Finally, DA Davidson upgraded Criteo from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $43.00 to $58.00 in a research report on Tuesday, August 6th. Four investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $53.33.

Institutional Trading of Criteo

Large investors have recently added to or reduced their stakes in the company. GAMMA Investing LLC raised its stake in shares of Criteo by 67.3% in 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 last quarter. USA Financial Formulas acquired a new stake in Criteo during the 3rd quarter valued at $31,000. Farther Finance Advisors LLC bought a new position in Criteo in the 3rd quarter valued at $50,000. EverSource Wealth Advisors LLC raised its position in Criteo by 868.1% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,394 shares of the information services provider’s stock valued at $53,000 after purchasing an additional 1,250 shares during the last quarter. Finally, Covestor Ltd boosted its stake in Criteo by 64.1% in the first quarter. Covestor Ltd now owns 1,838 shares of the information services provider’s stock worth $64,000 after purchasing an additional 718 shares in the last quarter. 94.27% of the stock is owned by institutional investors.

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.