Criteo (NASDAQ:CRTO) Reaches New 12-Month Low - Should You Sell?

Shares of Criteo S.A. (NASDAQ:CRTO - Get Free Report) hit a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $25.50 and last traded at $26.71, with a volume of 624516 shares traded. The stock had previously closed at $26.49.

Analyst Ratings Changes

CRTO has been the subject of a number of research reports. BMO Capital Markets decreased their target price on shares of Criteo from $60.00 to $49.00 and set an "outperform" rating for the company in a research note on Monday, May 5th. Wells Fargo & Company lowered their target price on Criteo from $68.00 to $66.00 and set an "overweight" rating on the stock in a report on Thursday, May 1st. JPMorgan Chase & Co. dropped their target price on Criteo from $39.00 to $27.00 and set a "neutral" rating on the stock in a research report on Monday, May 5th. Benchmark restated a "buy" rating and set a $51.00 price target on shares of Criteo in a research note on Tuesday, February 4th. Finally, Citigroup reiterated an "underperform" rating on shares of Criteo in a research note on Friday, April 25th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and seven have given a buy rating to the company's stock. According to MarketBeat, Criteo presently has a consensus rating of "Moderate Buy" and a consensus target price of $46.70.

Criteo Stock Performance

The company has a market cap of $1.46 billion, a PE ratio of 15.04 and a beta of 0.63. The stock has a fifty day moving average of $30.16 and a 200-day moving average of $36.44.

Criteo (NASDAQ:CRTO - Get Free Report) last issued its earnings results on Friday, May 2nd. The information services provider reported $1.10 EPS for the quarter, topping analysts' consensus estimates of $0.77 by $0.33. The business had revenue of $451.43 million for the quarter, compared to the consensus estimate of $259.86 million. Criteo had a net margin of 5.08% and a return on equity of 16.37%. The company's revenue for the quarter was up 3.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.80 EPS. As a group, equities analysts anticipate that Criteo S.A. will post 3.09 EPS for the current fiscal year.

Insider Buying and Selling at Criteo

In other news, insider Brian Gleason sold 2,841 shares of the business's stock in a transaction dated Monday, April 28th. The shares were sold at an average price of $33.89, for a total value of $96,281.49. Following the completion of the sale, the insider now owns 157,450 shares in the company, valued at approximately $5,335,980.50. The trade was a 1.77% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Ryan Damon sold 1,263 shares of the stock in a transaction that occurred on Tuesday, May 27th. The shares were sold at an average price of $26.12, for a total transaction of $32,989.56. Following the transaction, the insider now owns 130,739 shares in the company, valued at approximately $3,414,902.68. This represents a 0.96% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 12,707 shares of company stock valued at $351,786 in the last ninety days. Corporate insiders own 1.66% of the company's stock.

Institutional Trading of Criteo

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Neuberger Berman Group LLC raised its position in shares of Criteo by 0.8% in the 1st quarter. Neuberger Berman Group LLC now owns 6,123,000 shares of the information services provider's stock worth $216,982,000 after acquiring an additional 47,005 shares in the last quarter. DnB Asset Management AS raised its holdings in Criteo by 1.9% in the first quarter. DnB Asset Management AS now owns 5,511,195 shares of the information services provider's stock worth $195,372,000 after purchasing an additional 104,138 shares in the last quarter. Alliancebernstein L.P. lifted its position in shares of Criteo by 14.0% during the first quarter. Alliancebernstein L.P. now owns 4,329,854 shares of the information services provider's stock valued at $153,320,000 after buying an additional 532,879 shares during the last quarter. Senvest Management LLC boosted its holdings in shares of Criteo by 25.7% in the 4th quarter. Senvest Management LLC now owns 3,639,479 shares of the information services provider's stock valued at $143,978,000 after buying an additional 743,695 shares in the last quarter. Finally, Cadian Capital Management LP grew its position in shares of Criteo by 38.2% in the 4th quarter. Cadian Capital Management LP now owns 2,584,333 shares of the information services provider's stock worth $102,236,000 after buying an additional 713,785 shares during the last quarter. Institutional investors own 94.27% of the company's stock.

Criteo Company Profile

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.