Criteo S.A. (NASDAQ:CRTO) Insider Sells $116,765.10 in Stock

Criteo S.A. (NASDAQ:CRTO) insider Brian Gleason sold 2,841 shares of the firm’s stock in a transaction on Tuesday, October 29th. The stock was sold at an average price of $41.10, for a total transaction of $116,765.10. Following the completion of the sale, the insider now owns 146,470 shares of the company’s stock, valued at $6,019,917. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.

Criteo Stock Down 0.7 %

CRTO opened at $33.44 on Friday. The company has a market capitalization of $1.87 billion, a price-to-earnings ratio of 22.75 and a beta of 0.99. The firm has a 50-day moving average price of $42.30 and a 200-day moving average price of $40.66. Criteo S.A. has a twelve month low of $22.10 and a twelve month high of $49.93.

Criteo (NASDAQ:CRTO) last posted its earnings results on Thursday, August 1st. The information services provider reported $1.08 earnings per share for the quarter, topping the consensus estimate of $0.77 by $0.31. The firm had revenue of $471.31 million during the quarter, compared to the consensus estimate of $263.64 million. Criteo had a net margin of 4.52% and a return on equity of 15.56%. The company’s revenue was up .5% on a year-over-year basis. During the same quarter last year, the company earned $0.12 earnings per share. On average, sell-side analysts expect that Criteo S.A. will post 2.8 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have weighed in on CRTO shares. JPMorgan Chase & Co. raised their price objective on shares of Criteo from $40.00 to $50.00 and gave the company a “neutral” rating in a research note on Friday, August 2nd. BMO Capital Markets raised their price objective on shares of Criteo from $45.00 to $55.00 and gave the company an “outperform” rating in a research note on Friday, August 2nd. Wells Fargo & Company started coverage on shares of Criteo in a research note on Monday, October 28th. They issued an “overweight” rating and a $70.00 price objective on the stock. Benchmark reaffirmed a “buy” rating and issued a $56.00 price objective on shares of Criteo in a research note on Thursday, October 10th. Finally, Susquehanna dropped their price objective on shares of Criteo from $50.00 to $36.00 and set a “neutral” rating on the stock in a research note on Thursday. Four investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $51.22.

Hedge Funds Weigh In On Criteo

Hedge funds have recently bought and sold shares of the company. GAMMA Investing LLC grew its stake in Criteo by 67.3% during the second 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. USA Financial Formulas purchased a new position in Criteo during the third quarter valued at approximately $31,000. Farther Finance Advisors LLC purchased a new position in Criteo during the third quarter valued at approximately $50,000. EverSource Wealth Advisors LLC grew 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 acquiring an additional 1,250 shares in the last quarter. Finally, Covestor Ltd grew 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 acquiring an additional 718 shares in the last quarter. Hedge funds and other institutional investors 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.