Criteo (NASDAQ:CRTO) Sets New 1-Year High at $36.62

Criteo S.A. (NASDAQ:CRTO)’s stock price reached a new 52-week high on Friday . The stock traded as high as $36.62 and last traded at $35.30, with a volume of 68722 shares trading hands. The stock had previously closed at $34.36.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on CRTO shares. Wells Fargo & Company upgraded shares of Criteo from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $28.00 to $41.00 in a research note on Thursday, February 8th. JPMorgan Chase & Co. upped their price objective on shares of Criteo from $27.00 to $31.00 and gave the stock a “neutral” rating in a research report on Thursday, February 8th. Susquehanna raised their target price on Criteo from $26.00 to $33.00 and gave the company a “neutral” rating in a research report on Thursday, February 8th. TheStreet upgraded Criteo from a “c” rating to a “b-” rating in a research note on Friday, February 9th. Finally, DA Davidson lifted their price target on Criteo from $27.00 to $35.00 and gave the company a “neutral” rating in a research note on Monday, March 4th. Five analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Criteo currently has a consensus rating of “Moderate Buy” and a consensus price target of $36.11.

Criteo Stock Performance

The company has a 50 day moving average of $33.88 and a two-hundred day moving average of $28.63. The stock has a market cap of $1.96 billion, a PE 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 the consensus estimate of $0.94 by $0.30. Criteo had a return on equity of 10.42% and a net margin of 2.73%. The company had revenue of $316.38 million during the quarter, compared to analyst estimates of $300.35 million. As a group, equities research analysts anticipate that Criteo S.A. will post 2.3 EPS for the current year.

Insiders Place Their Bets

In other Criteo news, CEO Megan Clarken sold 36,675 shares of the business’s 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 $1,198,905.75. Following the completion of the sale, the chief executive officer now directly owns 477,637 shares in the company, valued at approximately $15,613,953.53. The transaction was disclosed in a document filed with the SEC, which is available through this link. In other news, CFO Sarah Js Glickman sold 3,622 shares of the company’s stock in a transaction that occurred on Tuesday, January 23rd. The stock was sold at an average price of $24.74, for a total value of $89,608.28. Following the completion of the sale, the chief financial officer now directly owns 249,706 shares in the company, valued at $6,177,726.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Megan Clarken sold 36,675 shares of the company’s 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 $1,198,905.75. Following the completion of the sale, the chief executive officer now owns 477,637 shares of the company’s stock, valued at $15,613,953.53. The disclosure for this sale can be found here. In the last three months, insiders sold 86,725 shares of company stock worth $2,827,082. Corporate insiders own 1.10% of the company’s stock.

Institutional Investors Weigh In On Criteo

Large investors have recently made changes to their positions in the stock. Raymond James & Associates acquired a new position in Criteo in the first quarter valued at approximately $644,000. Sei Investments Co. lifted its holdings in Criteo by 78.3% in the first quarter. Sei Investments Co. now owns 71,541 shares of the information services provider’s stock valued at $1,942,000 after acquiring an additional 31,410 shares during the last quarter. Northern Trust Corp lifted its holdings in Criteo by 169.6% in the first quarter. Northern Trust Corp now owns 16,178 shares of the information services provider’s stock valued at $441,000 after acquiring an additional 10,177 shares during the last quarter. UBS Group AG lifted its holdings in Criteo by 4.4% in the first quarter. UBS Group AG now owns 177,598 shares of the information services provider’s stock valued at $4,838,000 after acquiring an additional 7,472 shares during the last quarter. Finally, State Street Corp lifted its holdings in Criteo by 72.1% in the first quarter. State Street Corp now owns 167,479 shares of the information services provider’s stock valued at $4,562,000 after acquiring an additional 70,173 shares during the last quarter. 94.27% of the stock is currently owned by hedge funds and other 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.