Criteo (NASDAQ:CRTO) Hits New 52-Week Low – What’s Next?

Criteo S.A. (NASDAQ:CRTO)’s stock price reached a new 52-week low on Monday. The stock traded as low as $13.95 and last traded at $14.4020, with a volume of 77,782 shares traded. The stock had previously closed at $14.88.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the stock. Weiss Ratings lowered shares of Criteo from a “sell (d+)” rating to a “sell (d)” rating in a report on Wednesday. Zacks Research upgraded Criteo from a “strong sell” rating to a “hold” rating in a research note on Monday, October 19th. DA Davidson reaffirmed a “buy” rating and set a $24.00 price target on shares of Criteo in a research report on Tuesday, July 7th. Morgan Stanley dropped their price target on Criteo from $29.00 to $25.00 and set an “equal weight” rating on the stock in a research note on Thursday, August 6th. Finally, Wedbush cut their price objective on Criteo from $30.00 to $25.00 and set an “outperform” rating on the stock in a report on Thursday, August 20th. Six investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $22.65.

Criteo Trading Down 3.9%

The stock’s fifty day moving average price is $16.46 and its two-hundred day moving average price is $18.04. The firm has a market capitalization of $700.46 million, a price-to-earnings ratio of 7.24 and a beta of 0.29.

Criteo (NASDAQ:CRTO) last announced its quarterly earnings results on Wednesday, August 5th. The information services provider reported $0.80 EPS for the quarter, beating the consensus estimate of $0.71 by $0.09. The company had revenue of $428.02 million for the quarter, compared to analyst estimates of $263.40 million. Criteo had a net margin of 5.60% and a return on equity of 14.33%. The firm’s revenue was down 11.3% on a year-over-year basis. During the same period in the prior year, the firm posted $0.92 earnings per share. Analysts anticipate that Criteo S.A. will post 2.58 earnings per share for the current fiscal year.

Insider Transactions at Criteo

In other Criteo news, CFO Sarah Glickman sold 6,285 shares of the company’s stock in a transaction dated Thursday, August 6th. The stock was sold at an average price of $17.23, for a total transaction of $108,290.55. Following the completion of the sale, the chief financial officer directly owned 424,612 shares in the company, valued at $7,316,064.76. This represents a 1.46% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Michael Komasinski sold 1,656 shares of the stock in a transaction that occurred on Friday, August 28th. The stock was sold at an average price of $17.28, for a total transaction of $28,615.68. Following the sale, the chief executive officer directly owned 343,891 shares of the company’s stock, valued at approximately $5,942,436.48. This trade represents a 0.48% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 30,725 shares of company stock worth $529,527 over the last quarter. 1.52% of the stock is currently owned by insiders.

Institutional Trading of Criteo

A number of hedge funds have recently made changes to their positions in CRTO. WealthCollab LLC grew its stake in Criteo by 147.5% during the 1st quarter. WealthCollab LLC now owns 1,371 shares of the information services provider’s stock valued at $25,000 after purchasing an additional 817 shares in the last quarter. Rockefeller Capital Management L.P. boosted its stake in shares of Criteo by 185.8% during the 4th quarter. Rockefeller Capital Management L.P. now owns 1,446 shares of the information services provider’s stock valued at $30,000 after buying an additional 940 shares during the last quarter. Integrated Wealth Concepts LLC acquired a new stake in shares of Criteo during the second quarter worth approximately $36,000. GAMMA Investing LLC grew its position in shares of Criteo by 61.1% during the second quarter. GAMMA Investing LLC now owns 3,465 shares of the information services provider’s stock worth $63,000 after buying an additional 1,314 shares in the last quarter. Finally, Parallel Advisors LLC increased its stake in shares of Criteo by 357.9% in the first quarter. Parallel Advisors LLC now owns 4,126 shares of the information services provider’s stock worth $74,000 after buying an additional 3,225 shares during the last quarter. Hedge funds and other institutional investors own 94.27% of the company’s stock.

About Criteo

Criteo SA (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.