Criteo (NASDAQ:CRTO) Sets New 12-Month Low – What’s Next?

Criteo S.A. (NASDAQ:CRTO)’s share price hit a new 52-week low during mid-day trading on Tuesday. The stock traded as low as $15.52 and last traded at $15.56, with a volume of 46720 shares changing hands. The stock had previously closed at $15.80.

Wall Street Analysts Forecast Growth

CRTO has been the subject of several research reports. Weiss Ratings reissued a “sell (d+)” rating on shares of Criteo in a research note on Friday, July 17th. Morgan Stanley decreased their target price on shares of Criteo from $29.00 to $25.00 and set an “equal weight” rating on the stock in a research note on Thursday, August 6th. BMO Capital Markets set a $20.00 price target on shares of Criteo in a report on Thursday, August 6th. Huber Research cut Criteo from an “overweight” rating to an “underweight” rating in a research note on Monday, August 24th. Finally, Zacks Research downgraded Criteo from a “hold” rating to a “strong sell” rating in a report on Monday, August 24th. Six investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, Criteo has an average rating of “Hold” and an average target price of $22.65.

Criteo Trading Down 1.9%

The firm has a market capitalization of $759.25 million, a price-to-earnings ratio of 7.85 and a beta of 0.27. The firm’s 50-day moving average is $18.28 and its 200 day moving average is $18.41.

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

Insider Activity at Criteo

In related news, CEO Michael Komasinski sold 1,656 shares of the firm’s stock in a transaction 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 completion of the transaction, the chief executive officer directly owned 343,891 shares of the company’s stock, valued at $5,942,436.48. This trade represents a 0.48% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO Sarah Glickman sold 6,285 shares of Criteo stock in a transaction dated Thursday, August 6th. The stock was sold at an average price of $17.23, for a total value of $108,290.55. Following the transaction, the chief financial officer directly owned 424,612 shares in the company, valued at $7,316,064.76. The trade was a 1.46% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold 30,725 shares of company stock worth $529,527 over the last three months. Company insiders own 1.52% of the company’s stock.

Institutional Trading of Criteo

Institutional investors have recently added to or reduced their stakes in the stock. Senvest Management LLC raised its holdings in Criteo by 4.5% during the 1st quarter. Senvest Management LLC now owns 4,597,322 shares of the information services provider’s stock worth $82,430,000 after purchasing an additional 200,000 shares during the last quarter. Janus Henderson Group PLC boosted its stake in shares of Criteo by 4.6% in the 1st quarter. Janus Henderson Group PLC now owns 1,769,644 shares of the information services provider’s stock valued at $31,774,000 after purchasing an additional 77,145 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its position in shares of Criteo by 10.7% during the first quarter. Arrowstreet Capital Limited Partnership now owns 975,109 shares of the information services provider’s stock worth $17,484,000 after buying an additional 94,389 shares during the period. Sei Investments Co. increased its position in shares of Criteo by 47.2% during the first quarter. Sei Investments Co. now owns 246,026 shares of the information services provider’s stock worth $4,411,000 after buying an additional 78,834 shares during the period. Finally, Waterfront Wealth Inc. lifted its holdings in Criteo by 47.4% in the first quarter. Waterfront Wealth Inc. now owns 208,923 shares of the information services provider’s stock valued at $3,746,000 after buying an additional 67,157 shares during the period. 94.27% of the stock is currently owned by institutional investors.

Criteo Company Profile

Criteo SA is a global commerce media and advertising technology company headquartered in Paris, France. The company helps brands, retailers and agencies engage consumers throughout the shopping journey by using data, artificial intelligence and machine learning to deliver personalized advertising and commerce experiences.

Its offerings include retail media solutions that allow retailers and marketplaces to monetize digital audiences, as well as advertising tools that help brands reach potential customers across websites, mobile applications and other digital channels.