Sarah Js Glickman Sells 2,465 Shares of Criteo (NASDAQ:CRTO) Stock

Criteo S.A. (NASDAQ:CRTO) CFO Sarah Js Glickman sold 2,465 shares of the stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $17.06, for a total value of $42,052.90. Following the sale, the chief financial officer owned 431,879 shares in the company, valued at $7,367,855.74. The trade was a 0.57% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Criteo Trading Up 2.4%

NASDAQ:CRTO traded up $0.42 during midday trading on Thursday, hitting $18.29. 369,070 shares of the company traded hands, compared to its average volume of 456,792. The firm’s fifty day moving average is $17.90 and its 200-day moving average is $19.02. Criteo S.A. has a 12-month low of $15.57 and a 12-month high of $27.32. The firm has a market capitalization of $911.94 million, a P/E ratio of 8.55 and a beta of 0.34.

Criteo (NASDAQ:CRTO) last released its earnings results on Tuesday, March 31st. The information services provider reported $0.73 earnings per share for the quarter. Criteo had a return on equity of 14.98% and a net margin of 6.06%.The business had revenue of $424.64 million for the quarter. On average, research analysts expect that Criteo S.A. will post 3.12 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the company. Citigroup reduced their target price on Criteo from $34.00 to $26.00 and set a “buy” rating on the stock in a research note on Thursday, February 12th. BMO Capital Markets reissued an “outperform” rating and set a $35.00 price target on shares of Criteo in a research report on Thursday, February 12th. DA Davidson set a $28.50 price target on Criteo in a research report on Thursday, February 12th. Stifel Nicolaus dropped their price target on Criteo from $30.00 to $29.00 and set a “buy” rating on the stock in a research report on Monday, April 13th. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of Criteo in a research report on Monday, April 20th. Five investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Criteo presently has a consensus rating of “Hold” and a consensus price target of $27.94.

Institutional Investors Weigh In On Criteo

A number of institutional investors have recently added to or reduced their stakes in CRTO. WealthCollab LLC boosted its position in Criteo by 147.5% during the first quarter. WealthCollab LLC now owns 1,371 shares of the information services provider’s stock valued at $25,000 after purchasing an additional 817 shares in the last quarter. Rockefeller Capital Management L.P. boosted its position in Criteo by 185.8% during the fourth quarter. Rockefeller Capital Management L.P. now owns 1,446 shares of the information services provider’s stock valued at $30,000 after purchasing an additional 940 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in Criteo in the second quarter worth about $30,000. Covestor Ltd boosted its holdings in Criteo by 125.2% in the third quarter. Covestor Ltd now owns 1,763 shares of the information services provider’s stock worth $40,000 after acquiring an additional 980 shares in the last quarter. Finally, Jones Financial Companies Lllp boosted its holdings in Criteo by 1,376.7% in the first quarter. Jones Financial Companies Lllp now owns 1,270 shares of the information services provider’s stock worth $45,000 after acquiring an additional 1,184 shares in the last quarter. Institutional investors own 94.27% of the company’s stock.

Criteo Company Profile

Criteo is a global technology company specializing in digital performance advertising and commerce media solutions. The company provides a range of AI-driven ad products designed to help brands, retailers, and agencies deliver personalized promotional messages to consumers across web, mobile, and connected TV environments. By leveraging large-scale data analytics and machine learning algorithms, Criteo’s platform optimizes the timing, placement, and creative of ads to drive engagement and conversions.

At the core of Criteo’s offering is its dynamic retargeting solution, which enables advertisers to automatically generate and display personalized product recommendations based on user behavior.