Criteo (NASDAQ:CRTO) Reaches New 52-Week Low Following Insider Selling

Criteo S.A. (NASDAQ:CRTO) reached a new 52-week low during trading on Thursday following insider selling activity. The stock traded as low as $22.43 and last traded at $22.97, with a volume of 1085140 shares trading hands. The stock had previously closed at $22.81.

Specifically, insider Brian Gleason sold 2,842 shares of the stock in a transaction on Monday, July 28th. The stock was sold at an average price of $22.85, for a total transaction of $64,939.70. Following the transaction, the insider directly owned 152,122 shares of the company’s stock, valued at $3,475,987.70. This represents a 1.83% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Analyst Ratings Changes

A number of analysts recently commented on CRTO shares. DA Davidson reduced their price objective on Criteo from $57.00 to $42.00 and set a “buy” rating for the company in a research report on Tuesday, May 6th. JPMorgan Chase & Co. reduced their price target on shares of Criteo from $39.00 to $27.00 and set a “neutral” rating for the company in a research report on Monday, May 5th. Benchmark lowered their price objective on shares of Criteo from $46.00 to $42.00 and set a “buy” rating on the stock in a research note on Tuesday, July 22nd. BMO Capital Markets cut their target price on shares of Criteo from $60.00 to $49.00 and set an “outperform” rating for the company in a research report on Monday, May 5th. Finally, Citigroup reiterated an “underperform” rating on shares of Criteo in a research report on Friday, April 25th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, Criteo presently has a consensus rating of “Moderate Buy” and an average price target of $42.70.

Criteo Price Performance

The stock’s 50-day simple moving average is $24.57 and its two-hundred day simple moving average is $31.68. The firm has a market capitalization of $1.33 billion, a P/E ratio of 9.34 and a beta of 0.48.

Criteo (NASDAQ:CRTO) last issued its earnings results on Wednesday, July 30th. The information services provider reported $0.92 earnings per share for the quarter, topping the consensus estimate of $0.70 by $0.22. Criteo had a net margin of 7.41% and a return on equity of 18.21%. The company had revenue of $292.00 million during the quarter, compared to the consensus estimate of $274.62 million. During the same quarter in the prior year, the firm posted $1.08 EPS. Criteo’s quarterly revenue was up 2.5% compared to the same quarter last year. On average, analysts forecast that Criteo S.A. will post 3.09 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Criteo

A number of hedge funds have recently made changes to their positions in CRTO. Vega Investment Solutions purchased a new position in Criteo in the 4th quarter worth approximately $41,000. Jones Financial Companies Lllp lifted its holdings in shares of Criteo by 1,376.7% in the first quarter. Jones Financial Companies Lllp now owns 1,270 shares of the information services provider’s stock worth $45,000 after buying an additional 1,184 shares in the last quarter. TD Private Client Wealth LLC lifted its holdings in shares of Criteo by 21.4% in the first quarter. TD Private Client Wealth LLC now owns 2,413 shares of the information services provider’s stock worth $85,000 after buying an additional 426 shares in the last quarter. Blue Trust Inc. boosted its position in shares of Criteo by 81.2% during the second quarter. Blue Trust Inc. now owns 2,878 shares of the information services provider’s stock worth $69,000 after acquiring an additional 1,290 shares during the last quarter. Finally, Wells Fargo & Company MN grew its stake in Criteo by 53.2% during the fourth quarter. Wells Fargo & Company MN now owns 4,192 shares of the information services provider’s stock valued at $166,000 after acquiring an additional 1,455 shares in the last quarter. 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.