Sarah Js Glickman Sells 5,442 Shares of Criteo S.A. (NASDAQ:CRTO) Stock

Criteo S.A. (NASDAQ:CRTO) CFO Sarah Js Glickman sold 5,442 shares of the business’s stock in a transaction on Wednesday, October 23rd. The shares were sold at an average price of $40.60, for a total transaction of $220,945.20. Following the transaction, the chief financial officer now directly owns 313,398 shares of the company’s stock, valued at approximately $12,723,958.80. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

Criteo Trading Up 0.8 %

Shares of NASDAQ CRTO opened at $41.31 on Friday. Criteo S.A. has a twelve month low of $22.10 and a twelve month high of $49.93. The company has a market capitalization of $2.34 billion, a price-to-earnings ratio of 42.59 and a beta of 0.99. The firm has a 50-day moving average of $43.20 and a two-hundred day moving average of $40.62.

Criteo (NASDAQ:CRTO) last issued its quarterly earnings results on Thursday, August 1st. The information services provider reported $1.08 earnings per share for the quarter, beating analysts’ consensus estimates of $0.77 by $0.31. Criteo had a net margin of 4.54% and a return on equity of 15.64%. The company had revenue of $471.31 million during the quarter, compared to the consensus estimate of $263.64 million. During the same period in the prior year, the company earned $0.12 EPS. Criteo’s revenue was up .5% on a year-over-year basis. As a group, research analysts predict that Criteo S.A. will post 2.8 earnings per share for the current year.

Institutional Investors Weigh In On Criteo

A number of institutional investors and hedge funds have recently bought and sold shares of CRTO. GAMMA Investing LLC lifted its holdings in Criteo by 67.3% in the 2nd 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 purchased a new stake in Criteo during the third quarter valued at about $31,000. EverSource Wealth Advisors LLC lifted its stake in Criteo by 868.1% during the second quarter. EverSource Wealth Advisors LLC now owns 1,394 shares of the information services provider’s stock valued at $53,000 after buying an additional 1,250 shares in the last quarter. Covestor Ltd lifted its stake in 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 buying an additional 718 shares in the last quarter. Finally, Blue Trust Inc. lifted its stake in Criteo by 7,011.5% during the second quarter. Blue Trust Inc. now owns 1,849 shares of the information services provider’s stock valued at $65,000 after buying an additional 1,823 shares in the last quarter. 94.27% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the stock. BMO Capital Markets boosted their price target on shares of Criteo from $45.00 to $55.00 and gave the company an “outperform” rating in a report on Friday, August 2nd. StockNews.com downgraded shares of Criteo from a “strong-buy” rating to a “buy” rating in a report on Wednesday, August 21st. Morgan Stanley boosted their price target on shares of Criteo from $35.00 to $39.00 and gave the company an “equal weight” rating in a report on Tuesday, July 23rd. Susquehanna upped their price objective on shares of Criteo from $40.00 to $50.00 and gave the stock a “neutral” rating in a report on Friday, August 2nd. Finally, JPMorgan Chase & Co. upped their price objective on shares of Criteo from $40.00 to $50.00 and gave the stock a “neutral” rating in a report on Friday, August 2nd. Four research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, Criteo has a consensus rating of “Moderate Buy” and an average target price of $50.11.

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.