Criteo (NASDAQ:CRTO) Sets New 1-Year Low – Time to Sell?

Criteo S.A. (NASDAQ:CRTO) hit a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $27.46 and last traded at $27.93, with a volume of 259053 shares trading hands. The stock had previously closed at $28.39.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the stock. DA Davidson raised their price target on shares of Criteo from $53.00 to $57.00 and gave the company a “buy” rating in a research note on Wednesday, February 5th. Wells Fargo & Company raised their target price on Criteo from $63.00 to $68.00 and gave the stock an “overweight” rating in a research report on Thursday, February 6th. Stifel Nicolaus reiterated a “buy” rating and issued a $61.00 price target (up previously from $59.00) on shares of Criteo in a research report on Thursday, February 6th. BMO Capital Markets raised their price objective on Criteo from $48.00 to $60.00 and gave the stock an “outperform” rating in a research report on Thursday, February 6th. Finally, Benchmark reiterated a “buy” rating and issued a $51.00 target price on shares of Criteo in a report on Tuesday, February 4th. Four analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $51.80.

Criteo Stock Performance

The firm’s 50 day moving average price is $36.46 and its two-hundred day moving average price is $38.58. The company has a market cap of $1.69 billion, a P/E ratio of 17.38 and a beta of 0.74.

Criteo (NASDAQ:CRTO) last posted its quarterly earnings results on Wednesday, February 5th. The information services provider reported $1.41 earnings per share for the quarter, beating the consensus estimate of $1.37 by $0.04. Criteo had a net margin of 5.08% and a return on equity of 16.37%. As a group, analysts forecast that Criteo S.A. will post 3.09 EPS for the current fiscal year.

Insider Buying and Selling

In other Criteo news, insider Brian Gleason sold 1,924 shares of the company’s 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 approximately $5,223,090.88. This represents a 1.38 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Megan Clarken sold 13,823 shares of the firm’s stock in a transaction on Thursday, February 13th. The shares were sold at an average price of $43.56, for a total transaction of $602,129.88. Following the completion of the transaction, the chief executive officer now directly owns 488,229 shares in the company, valued at $21,267,255.24. This trade represents a 2.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 26,363 shares of company stock valued at $1,124,213. 1.71% of the stock is owned by company insiders.

Institutional Investors Weigh In On Criteo

Institutional investors and hedge funds have recently made changes to their positions in the business. Neuberger Berman Group LLC increased its holdings in Criteo by 7.0% during the 4th quarter. Neuberger Berman Group LLC now owns 6,075,995 shares of the information services provider’s stock worth $240,322,000 after purchasing an additional 399,977 shares in the last quarter. DnB Asset Management AS grew its holdings in Criteo by 0.5% during the fourth quarter. DnB Asset Management AS now owns 5,407,057 shares of the information services provider’s stock worth $213,903,000 after buying an additional 28,536 shares in the last quarter. Alliancebernstein L.P. raised its position in Criteo by 38.3% in the 4th quarter. Alliancebernstein L.P. now owns 3,796,975 shares of the information services provider’s stock valued at $150,208,000 after buying an additional 1,052,126 shares during the last quarter. Senvest Management LLC lifted its stake in Criteo by 25.7% during the 4th quarter. Senvest Management LLC now owns 3,639,479 shares of the information services provider’s stock valued at $143,978,000 after acquiring an additional 743,695 shares in the last quarter. Finally, Cadian Capital Management LP lifted its stake in Criteo by 38.2% during the 4th quarter. Cadian Capital Management LP now owns 2,584,333 shares of the information services provider’s stock valued at $102,236,000 after acquiring an additional 713,785 shares in the last quarter. Institutional investors and hedge funds 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.