Criteo (NASDAQ:CRTO) Sets New 52-Week Low – Time to Sell?

Criteo S.A. (NASDAQ:CRTO)’s share 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 Analysts Forecast Growth

CRTO has been the subject of several recent analyst reports. BMO Capital Markets upped their price objective on shares of Criteo from $48.00 to $60.00 and gave the stock an “outperform” rating in a report on Thursday, February 6th. Stifel Nicolaus reiterated a “buy” rating and issued a $61.00 price objective (up from $59.00) on shares of Criteo in a research note on Thursday, February 6th. JPMorgan Chase & Co. decreased their target price on Criteo from $48.00 to $39.00 and set a “neutral” rating for the company in a research note on Tuesday, April 8th. Wells Fargo & Company raised their target price on Criteo from $63.00 to $68.00 and gave the company an “overweight” rating in a report on Thursday, February 6th. Finally, DA Davidson increased their price objective on Criteo from $53.00 to $57.00 and gave the company a “buy” rating in a research report on Wednesday, February 5th. Four investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $51.80.

Criteo Price Performance

The business has a 50 day moving average of $37.13 and a 200 day moving average of $38.71. The firm 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 released its quarterly earnings data on Wednesday, February 5th. The information services provider reported $1.41 EPS for the quarter, topping 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%. On average, sell-side analysts forecast that Criteo S.A. will post 3.09 EPS for the current fiscal year.

Insider Buying and Selling at Criteo

In related news, CEO Megan Clarken sold 13,823 shares of the firm’s stock in a transaction that occurred on Thursday, February 13th. The stock was sold at an average price of $43.56, for a total transaction of $602,129.88. Following the completion of the transaction, the chief executive officer now owns 488,229 shares in the company, valued at $21,267,255.24. This trade represents a 2.75 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Brian Gleason sold 1,924 shares of the company’s stock in a transaction 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 completion of the sale, the insider now owns 137,161 shares in the company, valued at $5,223,090.88. This trade represents a 1.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 26,363 shares of company stock valued at $1,124,213. 1.71% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Criteo

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CRTO. Charles Schwab Investment Management Inc. increased its holdings in shares of 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 buying an additional 21,509 shares in the last quarter. Stifel Financial Corp increased its holdings in Criteo by 263.5% during the 3rd quarter. Stifel Financial Corp now owns 20,786 shares of the information services provider’s stock valued at $836,000 after purchasing an additional 15,067 shares in the last quarter. JPMorgan Chase & Co. raised its position in Criteo by 31.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 337,880 shares of the information services provider’s stock valued at $13,596,000 after purchasing an additional 80,424 shares during the last quarter. Barclays PLC boosted its stake in Criteo by 40.6% in the third quarter. Barclays PLC now owns 6,186 shares of the information services provider’s stock worth $249,000 after purchasing an additional 1,787 shares in the last quarter. Finally, 272 Capital LP bought a new stake in shares of Criteo during the third quarter worth $1,141,000. 94.27% of the stock is currently owned by institutional investors and hedge funds.

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.