Criteo (NASDAQ:CRTO) Reaches New 52-Week Low – Here’s What Happened

Criteo S.A. (NASDAQ:CRTO) hit a new 52-week low during trading on Thursday . The company traded as low as $32.67 and last traded at $32.99, with a volume of 163457 shares changing hands. The stock had previously closed at $35.65.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on CRTO shares. Wells Fargo & Company raised their price target on shares of Criteo from $63.00 to $68.00 and gave the stock an “overweight” rating in a research report on Thursday, February 6th. Benchmark reissued a “buy” rating and set a $51.00 target price on shares of Criteo in a report on Tuesday, February 4th. StockNews.com lowered shares of Criteo from a “strong-buy” rating to a “buy” rating in a report on Tuesday, March 4th. BMO Capital Markets lifted their price objective on Criteo from $48.00 to $60.00 and gave the company an “outperform” rating in a research note on Thursday, February 6th. Finally, DA Davidson upped their target price on Criteo from $53.00 to $57.00 and gave the stock a “buy” rating in a research note on Wednesday, February 5th. Four analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $52.90.

Criteo Price Performance

The company has a market capitalization of $1.88 billion, a price-to-earnings ratio of 19.42 and a beta of 0.98. The firm has a fifty day simple moving average of $38.95 and a 200 day simple moving average of $39.56.

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

Insider Activity at Criteo

In other Criteo news, insider Brian Gleason sold 1,924 shares of the firm’s stock in a transaction that occurred on Friday, January 31st. The shares were sold at an average price of $38.08, for a total value of $73,265.92. Following the transaction, the insider now directly owns 137,161 shares of the company’s stock, valued at $5,223,090.88. This trade represents a 1.38 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Megan Clarken sold 13,823 shares of the company’s stock in a transaction that occurred on Thursday, February 13th. The shares were sold at an average price of $43.56, for a total value of $602,129.88. Following the completion of the sale, the chief executive officer now owns 488,229 shares of the company’s stock, 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 ninety days, insiders sold 26,363 shares of company stock valued at $1,124,213. 1.71% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of CRTO. Charles Schwab Investment Management Inc. increased its position in Criteo by 80.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 48,395 shares of the information services provider’s stock worth $1,947,000 after purchasing an additional 21,509 shares during the last quarter. Stifel Financial Corp increased its holdings in shares of Criteo by 263.5% during the 3rd quarter. Stifel Financial Corp now owns 20,786 shares of the information services provider’s stock worth $836,000 after buying an additional 15,067 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in shares of Criteo by 31.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 337,880 shares of the information services provider’s stock worth $13,596,000 after buying an additional 80,424 shares during the last quarter. Barclays PLC raised its position in shares of Criteo by 40.6% during the 3rd quarter. Barclays PLC now owns 6,186 shares of the information services provider’s stock valued at $249,000 after buying an additional 1,787 shares during the period. Finally, Point72 Asset Management L.P. lifted its holdings in Criteo by 681.8% in the third quarter. Point72 Asset Management L.P. now owns 25,800 shares of the information services provider’s stock valued at $1,038,000 after acquiring an additional 22,500 shares during 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.