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

Criteo S.A. (NASDAQ:CRTO - Get Free Report) reached a new 52-week low on Monday . The company traded as low as $24.91 and last traded at $25.90, with a volume of 474892 shares. The stock had previously closed at $25.48.

Analysts Set New Price Targets

A number of research firms have weighed in on CRTO. BMO Capital Markets decreased their price target on Criteo from $60.00 to $49.00 and set an "outperform" rating for the company in a report on Monday, May 5th. Benchmark restated a "buy" rating and issued a $51.00 price target on shares of Criteo in a report on Tuesday, February 4th. DA Davidson decreased their price target on Criteo from $57.00 to $42.00 and set a "buy" rating for the company in a report on Tuesday, May 6th. Wells Fargo & Company decreased their price target on Criteo from $68.00 to $66.00 and set an "overweight" rating for the company in a report on Thursday, May 1st. Finally, Morgan Stanley decreased their price target on Criteo from $40.00 to $36.00 and set an "equal weight" rating for the company in a report on Monday, May 5th. One analyst has rated the stock with a sell rating, four have issued a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $46.70.

Criteo Trading Up 3.4%

The stock has a 50-day simple moving average of $29.71 and a 200-day simple moving average of $36.27. The company has a market capitalization of $1.51 billion, a price-to-earnings ratio of 15.57 and a beta of 0.63.

Criteo (NASDAQ:CRTO - Get Free Report) last announced its earnings results on Friday, May 2nd. The information services provider reported $1.10 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.77 by $0.33. The company had revenue of $451.43 million for the quarter, compared to analyst estimates of $259.86 million. Criteo had a return on equity of 16.37% and a net margin of 5.08%. Criteo's quarterly revenue was up 3.9% on a year-over-year basis. During the same period in the prior year, the company posted $0.80 EPS. On average, research analysts forecast 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 2,841 shares of the stock in a transaction on Monday, April 28th. The stock was sold at an average price of $33.89, for a total value of $96,281.49. Following the sale, the insider now directly owns 157,450 shares of the company's stock, valued at $5,335,980.50. This trade represents a 1.77% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Sarah Js Glickman sold 2,465 shares of the stock in a transaction on Friday, May 23rd. The stock was sold at an average price of $25.81, for a total value of $63,621.65. Following the completion of the sale, the chief financial officer now directly owns 362,710 shares in the company, valued at $9,361,545.10. This represents a 0.68% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 12,707 shares of company stock valued at $351,786. Corporate insiders own 1.66% of the company's stock.

Institutional Investors Weigh In On Criteo

Several large investors have recently added to or reduced their stakes in CRTO. Alliancebernstein L.P. increased its position 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 buying an additional 1,052,126 shares during the period. ANTIPODES PARTNERS Ltd grew its stake in shares of Criteo by 41,776.0% in the fourth quarter. ANTIPODES PARTNERS Ltd now owns 994,555 shares of the information services provider's stock worth $39,348,000 after purchasing an additional 992,180 shares in the last quarter. Senvest Management LLC grew its stake in shares of Criteo by 25.7% in the fourth quarter. Senvest Management LLC now owns 3,639,479 shares of the information services provider's stock worth $143,978,000 after purchasing an additional 743,695 shares in the last quarter. Cadian Capital Management LP grew its stake in shares of Criteo by 38.2% in the fourth quarter. Cadian Capital Management LP now owns 2,584,333 shares of the information services provider's stock worth $102,236,000 after purchasing an additional 713,785 shares in the last quarter. Finally, Schroder Investment Management Group grew its stake in shares of Criteo by 4,200.9% in the fourth quarter. Schroder Investment Management Group now owns 572,790 shares of the information services provider's stock worth $22,493,000 after purchasing an additional 559,472 shares in the last quarter. 94.27% of the stock is 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.