Criteo (NASDAQ:CRTO) Trading Up 4% - What's Next?

Criteo S.A. (NASDAQ:CRTO - Get Free Report)'s share price was up 4% on Thursday . The company traded as high as $36.47 and last traded at $36.52. Approximately 236,083 shares traded hands during trading, a decline of 43% from the average daily volume of 416,663 shares. The stock had previously closed at $35.10.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. Benchmark reiterated a "buy" rating and issued a $51.00 price objective on shares of Criteo in a research report on Tuesday, February 4th. BMO Capital Markets increased their price target on shares of Criteo from $48.00 to $60.00 and gave the stock an "outperform" rating in a report on Thursday, February 6th. Stifel Nicolaus reaffirmed a "buy" rating and issued a $61.00 price objective (up previously from $59.00) on shares of Criteo in a report on Thursday, February 6th. DA Davidson raised their price target on Criteo from $53.00 to $57.00 and gave the company a "buy" rating in a report on Wednesday, February 5th. Finally, Wells Fargo & Company lifted their price target on Criteo from $63.00 to $68.00 and gave the company an "overweight" rating in a research note on Thursday, February 6th. Four research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $52.90.

Criteo Price Performance

The company's 50-day moving average is $39.17 and its 200-day moving average is $39.97. The firm has a market capitalization of $2.15 billion, a price-to-earnings ratio of 22.15 and a beta of 0.98.

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Criteo (NASDAQ:CRTO - Get Free Report) last issued its earnings results on Wednesday, February 5th. The information services provider reported $1.41 earnings per share for the quarter, topping the consensus estimate of $1.37 by $0.04. Criteo had a return on equity of 16.37% and a net margin of 5.08%. Sell-side analysts anticipate that Criteo S.A. will post 3.09 earnings per share for the current year.

Insider Buying and Selling

In other news, CEO Megan Clarken sold 13,823 shares of the stock in a transaction on Thursday, February 13th. The shares were sold at an average price of $43.56, for a total value of $602,129.88. Following the completion of the sale, the chief executive officer now owns 488,229 shares of the company's stock, valued at $21,267,255.24. This represents a 2.75 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Brian Gleason sold 1,924 shares of Criteo stock in a transaction on Friday, January 31st. The shares were sold at an average price of $38.08, for a total transaction of $73,265.92. Following the transaction, the insider now owns 137,161 shares in the company, valued at $5,223,090.88. The trade was a 1.38 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 26,363 shares of company stock valued at $1,124,213. 1.71% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Criteo

Several hedge funds have recently modified their holdings of the stock. Charles Schwab Investment Management Inc. grew its position in Criteo by 80.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 48,395 shares of the information services provider's stock valued at $1,947,000 after acquiring an additional 21,509 shares in the last quarter. Stifel Financial Corp increased its stake in Criteo by 263.5% during the 3rd quarter. Stifel Financial Corp now owns 20,786 shares of the information services provider's stock worth $836,000 after buying an additional 15,067 shares during the period. JPMorgan Chase & Co. increased its stake in Criteo by 31.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 337,880 shares of the information services provider's stock worth $13,596,000 after buying an additional 80,424 shares during the period. Senvest Management LLC lifted its holdings in Criteo by 19.6% in the 3rd quarter. Senvest Management LLC now owns 2,895,784 shares of the information services provider's stock worth $116,526,000 after buying an additional 475,530 shares in the last quarter. Finally, Barclays PLC boosted its position in Criteo by 40.6% in the 3rd quarter. Barclays PLC now owns 6,186 shares of the information services provider's stock valued at $249,000 after buying an additional 1,787 shares during the last quarter. 94.27% of the stock is currently owned by hedge funds and other institutional investors.

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.