Criteo (NASDAQ:CRTO) Sets New 1-Year High at $49.35

Shares of Criteo S.A. (NASDAQ:CRTO) reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $49.35 and last traded at $49.34, with a volume of 109486 shares traded. The stock had previously closed at $48.94.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on CRTO. StockNews.com lowered Criteo from a “strong-buy” rating to a “buy” rating in a research note on Wednesday. KeyCorp cut Criteo from an “overweight” rating to a “sector weight” rating in a report on Tuesday, July 30th. BMO Capital Markets upped their target price on shares of Criteo from $45.00 to $55.00 and gave the stock an “outperform” rating in a research note on Friday, August 2nd. Susquehanna increased their price objective on Criteo from $40.00 to $50.00 and gave the company a “neutral” rating in a report on Friday, August 2nd. Finally, DA Davidson raised Criteo from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $43.00 to $58.00 in a report on Tuesday, August 6th. Four research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $49.80.

Criteo Stock Up 0.8 %

The company has a market cap of $2.80 billion, a P/E ratio of 50.45 and a beta of 0.99. The company has a 50 day moving average price of $41.67 and a 200-day moving average price of $37.41.

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, topping analysts’ consensus estimates of $0.77 by $0.31. The firm had revenue of $471.31 million for the quarter, compared to analysts’ expectations of $263.64 million. Criteo had a return on equity of 15.64% and a net margin of 4.54%. Criteo’s revenue was up .5% on a year-over-year basis. During the same quarter last year, the business posted $0.12 EPS. On average, research analysts expect that Criteo S.A. will post 2.26 earnings per share for the current fiscal year.

Insider Buying and Selling 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 related news, insider Ryan Damon sold 946 shares of the firm’s stock in a transaction that occurred 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 transaction, the insider now owns 153,623 shares of the company’s stock, valued at $5,989,760.77. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Megan Clarken sold 3,894 shares of the business’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 $151,827.06. Following the transaction, the chief executive officer now owns 533,202 shares in the company, valued at $20,789,545.98. The disclosure for this sale can be found here. Insiders have sold a total of 18,463 shares of company stock valued at $755,267 in the last three months. 1.71% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Criteo

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. GAMMA Investing LLC raised its position in shares of Criteo by 67.3% during the second quarter. GAMMA Investing LLC now owns 738 shares of the information services provider’s stock worth $28,000 after acquiring an additional 297 shares during the last quarter. Mather Group LLC. bought a new position in Criteo during the 1st quarter worth about $48,000. EverSource Wealth Advisors LLC raised its stake in shares of 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 period. Covestor Ltd lifted its holdings in shares of 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 in the last quarter. Finally, Blue Trust Inc. boosted its position in shares of Criteo by 7,011.5% during the second quarter. Blue Trust Inc. now owns 1,849 shares of the information services provider’s stock worth $65,000 after buying an additional 1,823 shares during the period. Institutional investors and hedge funds own 94.27% of the company’s stock.

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.