Criteo (NASDAQ:CRTO) Sees Strong Trading Volume

Criteo S.A. (NASDAQ:CRTO) shares saw an uptick in trading volume on Monday . 650,944 shares were traded during trading, an increase of 124% from the previous session’s volume of 290,086 shares.The stock last traded at $35.93 and had previously closed at $35.93.

Analyst Ratings Changes

A number of research firms have issued reports on CRTO. Susquehanna increased their target price on shares of Criteo from $33.00 to $40.00 and gave the stock a “neutral” rating in a report on Monday, May 6th. JPMorgan Chase & Co. increased their price objective on shares of Criteo from $31.00 to $40.00 and gave the company a “neutral” rating in a research report on Friday, May 3rd. BMO Capital Markets raised shares of Criteo from a “market perform” rating to an “outperform” rating and increased their price objective for the company from $31.00 to $45.00 in a research report on Friday, May 24th. KeyCorp increased their price objective on shares of Criteo from $36.00 to $37.00 and gave the company an “overweight” rating in a research report on Wednesday, May 1st. Finally, Benchmark reissued a “buy” rating and issued a $40.00 price objective on shares of Criteo in a research report on Tuesday, April 30th. Four investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $39.44.

Criteo Trading Down 0.5 %

The company has a market cap of $2.02 billion, a price-to-earnings ratio of 36.80 and a beta of 0.95. The company’s 50 day moving average price is $37.02 and its 200 day moving average price is $32.29.

Criteo (NASDAQ:CRTO) last released its earnings results on Thursday, May 2nd. The information services provider reported $0.44 EPS for the quarter, topping the consensus estimate of $0.30 by $0.14. Criteo had a net margin of 2.96% and a return on equity of 12.33%. The company had revenue of $253.89 million during the quarter, compared to analysts’ expectations of $246.10 million. Sell-side analysts predict that Criteo S.A. will post 2.26 earnings per share for the current year.

Insider Activity at Criteo

In related news, insider Ryan Damon sold 946 shares of the firm’s stock in a transaction dated Friday, May 24th. The shares were sold at an average price of $38.99, for a total value of $36,884.54. Following the completion of the sale, the insider now owns 153,623 shares in the company, valued at $5,989,760.77. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Criteo news, insider Ryan Damon sold 946 shares of the firm’s stock in a transaction dated Friday, May 24th. The shares were sold at an average price of $38.99, for a total transaction of $36,884.54. Following the completion of the transaction, the insider now directly owns 153,623 shares in the company, valued at approximately $5,989,760.77. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Sarah Js Glickman sold 5,504 shares of Criteo stock in a transaction dated Tuesday, April 23rd. The stock was sold at an average price of $35.40, for a total transaction of $194,841.60. Following the sale, the chief financial officer now owns 327,232 shares of the company’s stock, valued at $11,584,012.80. The disclosure for this sale can be found here. Insiders sold 41,672 shares of company stock worth $1,561,239 over the last 90 days. Company insiders own 1.71% of the company’s stock.

Institutional Investors Weigh In On Criteo

Hedge funds and other institutional investors have recently modified their holdings of the company. Bessemer Group Inc. grew its holdings in Criteo by 5.2% in the first quarter. Bessemer Group Inc. now owns 13,803 shares of the information services provider’s stock valued at $484,000 after purchasing an additional 682 shares during the period. Covestor Ltd grew its holdings in Criteo by 64.1% in the first quarter. Covestor Ltd now owns 1,838 shares of the information services provider’s stock valued at $64,000 after purchasing an additional 718 shares during the period. Sei Investments Co. grew its holdings in Criteo by 0.8% in the first quarter. Sei Investments Co. now owns 101,186 shares of the information services provider’s stock valued at $3,549,000 after purchasing an additional 768 shares during the period. Robeco Institutional Asset Management B.V. grew its holdings in Criteo by 7.8% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 11,350 shares of the information services provider’s stock valued at $287,000 after purchasing an additional 822 shares during the period. Finally, Citigroup Inc. purchased a new stake in Criteo in the third quarter valued at approximately $33,000. 94.27% of the stock is currently owned by hedge funds and other institutional investors.

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.