Criteo (NASDAQ:CRTO) Stock Price Up 6.6% – What’s Next?

Criteo S.A. (NASDAQ:CRTO)’s stock price shot up 6.6% during mid-day trading on Tuesday. The company traded as high as $17.73 and last traded at $17.7060. 471,162 shares traded hands during mid-day trading, an increase of 11% from the average daily volume of 422,904 shares. The stock had previously closed at $16.61.

Analysts Set New Price Targets

Several research analysts recently commented on CRTO shares. Morgan Stanley reduced their price objective on Criteo from $25.00 to $20.00 and set an “equal weight” rating for the company in a research note on Tuesday. Huber Research cut shares of Criteo from an “overweight” rating to an “underweight” rating in a research note on Monday, August 24th. Wedbush dropped their target price on shares of Criteo from $25.00 to $21.00 and set an “outperform” rating for the company in a report on Thursday, November 5th. Sanford C. Bernstein lowered shares of Criteo from an “outperform” rating to a “market perform” rating and dropped their target price for the stock from $35.00 to $20.50 in a report on Thursday, August 6th. Finally, Citigroup reduced their target price on shares of Criteo from $23.00 to $21.00 and set a “buy” rating for the company in a research report on Thursday, November 5th. Six research analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, Criteo currently has an average rating of “Hold” and an average target price of $20.85.

Criteo Price Performance

The stock has a market cap of $867.59 million, a price-to-earnings ratio of 12.87 and a beta of 0.35. The firm has a fifty day moving average of $15.93 and a 200 day moving average of $17.97.

Criteo (NASDAQ:CRTO) last announced its quarterly earnings data on Wednesday, November 4th. The information services provider reported $0.43 EPS for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.14). The company had revenue of $240.36 million for the quarter, compared to analysts’ expectations of $239.18 million. Criteo had a return on equity of 10.90% and a net margin of 3.99%. The business’s quarterly revenue was down 16.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.31 EPS. Research analysts anticipate that Criteo S.A. will post 2.58 earnings per share for the current fiscal year.

Insider Activity

In other Criteo news, CEO Michael Komasinski sold 1,656 shares of the firm’s stock in a transaction on Friday, August 28th. The stock was sold at an average price of $17.28, for a total value of $28,615.68. Following the completion of the sale, the chief executive officer directly owned 343,891 shares of the company’s stock, valued at $5,942,436.48. This trade represents a 0.48% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last three months, insiders sold 2,855 shares of company stock valued at $48,898. 1.52% of the stock is owned by company insiders.

Institutional Investors Weigh In On Criteo

Hedge funds have recently modified their holdings of the company. QRG Capital Management Inc. raised its stake in Criteo by 15.8% during the second quarter. QRG Capital Management Inc. now owns 54,023 shares of the information services provider’s stock worth $988,000 after purchasing an additional 7,352 shares during the period. Integrated Wealth Concepts LLC acquired a new position in Criteo in the 2nd quarter valued at about $36,000. GAMMA Investing LLC grew its stake in shares of Criteo by 61.1% in the 2nd quarter. GAMMA Investing LLC now owns 3,465 shares of the information services provider’s stock valued at $63,000 after buying an additional 1,314 shares during the period. Parallel Advisors LLC grew its stake in shares of Criteo by 357.9% in the 1st quarter. Parallel Advisors LLC now owns 4,126 shares of the information services provider’s stock valued at $74,000 after buying an additional 3,225 shares during the period. Finally, Janus Henderson Group PLC grew its stake in shares of Criteo by 4.6% in the 1st quarter. Janus Henderson Group PLC now owns 1,769,644 shares of the information services provider’s stock valued at $31,774,000 after buying an additional 77,145 shares during the period. Hedge funds and other institutional investors own 94.27% of the company’s stock.

Criteo Company Profile

Criteo S.A. (NASDAQ: CRTO) is a global commerce media and advertising technology company headquartered in Paris, France. The company helps brands, retailers and other businesses use commerce data and artificial intelligence to reach consumers, build customer relationships and measure advertising performance across digital channels. Criteo’s offerings include retail media solutions, which enable retailers and marketplace operators to provide sponsored product listings and other advertising placements, as well as performance media tools for campaigns across websites, mobile applications and the open internet.