Criteo (NASDAQ:CRTO) Reaches New 12-Month High Following Analyst Upgrade

Shares of Criteo S.A. (NASDAQ:CRTO) hit a new 52-week high during trading on Thursday after DA Davidson raised their price target on the stock from $35.00 to $43.00. DA Davidson currently has a neutral rating on the stock. Criteo traded as high as $39.54 and last traded at $37.29, with a volume of 107224 shares changing hands. The stock had previously closed at $35.15.

A number of other equities analysts have also weighed in on the company. BMO Capital Markets upped their price objective on Criteo from $28.00 to $31.00 and gave the stock a “market perform” rating in a research note on Thursday, February 8th. StockNews.com upgraded Criteo from a “buy” rating to a “strong-buy” rating in a research note on Thursday, February 8th. Wells Fargo & Company upgraded shares of Criteo from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $28.00 to $41.00 in a research report on Thursday, February 8th. Susquehanna upped their target price on shares of Criteo from $26.00 to $33.00 and gave the stock a “neutral” rating in a research report on Thursday, February 8th. Finally, JPMorgan Chase & Co. raised their target price on shares of Criteo from $31.00 to $40.00 and gave the company a “neutral” rating in a research note on Friday. Five investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Criteo currently has a consensus rating of “Moderate Buy” and an average price target of $37.11.

Insiders Place Their Bets

In related news, CEO Megan Clarken sold 23,331 shares of Criteo stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $33.04, for a total value of $770,856.24. Following the completion of the transaction, the chief executive officer now owns 383,858 shares in the company, valued at $12,682,668.32. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, CEO Megan Clarken sold 23,331 shares of the firm’s stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $33.04, for a total value of $770,856.24. Following the completion of the sale, the chief executive officer now owns 383,858 shares in the company, valued at approximately $12,682,668.32. 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 5,504 shares of Criteo stock in a transaction dated Tuesday, April 23rd. The stock was sold at an average price of $35.40, for a total transaction of $194,841.60. Following the transaction, the chief financial officer now directly owns 327,232 shares of the company’s stock, valued at $11,584,012.80. The disclosure for this sale can be found here. Insiders sold 88,607 shares of company stock valued at $2,932,315 in the last three months. Corporate insiders own 1.10% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. GSA Capital Partners LLP boosted its holdings in Criteo by 63.0% during the 1st quarter. GSA Capital Partners LLP now owns 72,339 shares of the information services provider’s stock valued at $2,537,000 after acquiring an additional 27,947 shares during the period. BNP Paribas Financial Markets lifted its position in shares of Criteo by 23.3% during the first quarter. BNP Paribas Financial Markets now owns 200,011 shares of the information services provider’s stock worth $7,014,000 after purchasing an additional 37,844 shares during the last quarter. Cornerstone Investment Partners LLC purchased a new stake in shares of Criteo during the first quarter valued at $227,000. Mather Group LLC. bought a new position in shares of Criteo in the first quarter worth about $48,000. Finally, Orchard Capital Management LLC increased its stake in Criteo by 3.2% in the 4th quarter. Orchard Capital Management LLC now owns 453,896 shares of the information services provider’s stock worth $11,493,000 after buying an additional 14,281 shares during the period. Institutional investors own 94.27% of the company’s stock.

Criteo Stock Performance

The company has a market cap of $2.12 billion, a P/E ratio of 42.44 and a beta of 0.95. The business’s fifty day moving average is $34.77 and its two-hundred day moving average is $29.14.

Criteo (NASDAQ:CRTO) last issued its earnings results on Wednesday, February 7th. The information services provider reported $1.24 EPS for the quarter, topping analysts’ consensus estimates of $0.94 by $0.30. The business had revenue of $316.38 million for the quarter, compared to analyst estimates of $300.35 million. Criteo had a net margin of 2.73% and a return on equity of 10.42%. Analysts expect that Criteo S.A. will post 2.3 EPS for the current fiscal year.

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.