Criteo (NASDAQ:CRTO) Reaches New 12-Month Low – Here’s What Happened

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

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. JPMorgan Chase & Co. lowered their price objective on shares of Criteo from $48.00 to $39.00 and set a “neutral” rating for the company in a research report on Tuesday, April 8th. Wells Fargo & Company increased their price target on 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 price target on shares of Criteo in a report on Tuesday, February 4th. BMO Capital Markets raised their target price on Criteo from $48.00 to $60.00 and gave the company an “outperform” rating in a research report on Thursday, February 6th. Finally, StockNews.com lowered shares of Criteo from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, March 4th. Four equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, Criteo currently has an average rating of “Moderate Buy” and a consensus target price of $51.80.

Criteo Price Performance

The firm’s fifty day simple moving average is $37.13 and its 200 day simple moving average is $38.71. The company has a market capitalization of $1.61 billion, a price-to-earnings ratio of 16.63 and a beta of 0.74.

Criteo (NASDAQ:CRTO) last posted its quarterly earnings data on Wednesday, February 5th. The information services provider reported $1.41 earnings per share for the quarter, topping 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%. Equities research analysts forecast that Criteo S.A. will post 3.09 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related 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 transaction of $73,265.92. Following the completion of the sale, the insider now directly owns 137,161 shares in the company, valued at approximately $5,223,090.88. This trade represents a 1.38 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Megan Clarken sold 7,481 shares of the company’s stock in a transaction that occurred on Tuesday, February 11th. The shares were sold at an average price of $44.51, for a total transaction of $332,979.31. Following the completion of the transaction, the chief executive officer now owns 502,052 shares in the company, valued at approximately $22,346,334.52. This represents a 1.47 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 26,363 shares of company stock worth $1,124,213. 1.71% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

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