Criteo (NASDAQ:CRTO) Reaches New 1-Year High at $49.00

Criteo S.A. (NASDAQ:CRTO) shares hit a new 52-week high on Thursday . The stock traded as high as $49.00 and last traded at $48.73, with a volume of 11571 shares. The stock had previously closed at $48.12.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on CRTO. StockNews.com cut shares of Criteo from a “strong-buy” rating to a “buy” rating in a report on Tuesday. KeyCorp lowered Criteo from an “overweight” rating to a “sector weight” rating in a report on Tuesday, July 30th. Susquehanna increased their price target on shares of Criteo from $40.00 to $50.00 and gave the company a “neutral” rating in a research report on Friday, August 2nd. Benchmark raised their price target on Criteo from $45.00 to $56.00 and gave the company a “buy” rating in a report on Friday, August 2nd. Finally, BMO Capital Markets boosted their price objective on Criteo from $45.00 to $55.00 and gave the company an “outperform” rating in a research report on Friday, August 2nd. Four equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $49.80.

Criteo Stock Performance

The stock has a market cap of $2.76 billion, a PE ratio of 49.61 and a beta of 0.99. The stock’s 50-day moving average is $40.85 and its two-hundred day moving average is $36.70.

Criteo (NASDAQ:CRTO) last posted its quarterly earnings data on Thursday, August 1st. The information services provider reported $1.08 earnings per share for the quarter, beating the consensus estimate of $0.77 by $0.31. Criteo had a return on equity of 15.64% and a net margin of 4.54%. The business 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 earnings per share. The company’s revenue was up .5% compared to the same quarter last year. Analysts forecast that Criteo S.A. will post 2.26 EPS for the current year.

Insider Transactions at Criteo

In other news, insider Ryan Damon sold 946 shares of Criteo stock in a transaction on Friday, May 24th. The stock was sold at an average price of $38.99, for a total transaction of $36,884.54. Following the transaction, the insider now owns 153,623 shares in the company, valued at $5,989,760.77. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other Criteo news, insider Ryan Damon sold 946 shares of Criteo stock in a transaction on 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 sale, the insider now owns 153,623 shares of the company’s stock, valued at approximately $5,989,760.77. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Sarah Js Glickman sold 1,535 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 transaction of $59,849.65. Following the completion of the transaction, the chief financial officer now directly owns 325,697 shares of the company’s stock, valued at $12,698,926.03. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 18,463 shares of company stock valued at $755,267. 1.71% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Criteo

Several institutional investors have recently made changes to their positions in CRTO. GAMMA Investing LLC lifted its position 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 in the last quarter. Bessemer Group Inc. grew its holdings in shares of Criteo by 5.2% during the 1st quarter. Bessemer Group Inc. now owns 13,803 shares of the information services provider’s stock worth $484,000 after acquiring an additional 682 shares during the period. Waterfront Wealth Inc. increased its position in shares of Criteo by 1.2% during the second quarter. Waterfront Wealth Inc. now owns 58,280 shares of the information services provider’s stock valued at $2,198,000 after acquiring an additional 686 shares in the last quarter. Covestor Ltd increased its position 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 acquiring an additional 718 shares during the last quarter. Finally, Sei Investments Co. lifted its position in Criteo by 0.8% during 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 in the last quarter. 94.27% of the stock is currently owned by 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.