Criteo (NASDAQ:CRTO) Sets New 1-Year Low After Analyst Downgrade

Criteo S.A. (NASDAQ:CRTO - Get Free Report) hit a new 52-week low on Tuesday after DA Davidson lowered their price target on the stock from $57.00 to $42.00. DA Davidson currently has a buy rating on the stock. Criteo traded as low as $26.67 and last traded at $28.16, with a volume of 838426 shares. The stock had previously closed at $29.47.

Several other brokerages have also issued reports on CRTO. JPMorgan Chase & Co. cut their price target on Criteo from $39.00 to $27.00 and set a "neutral" rating on the stock in a research note on Monday, May 5th. Benchmark reissued a "buy" rating and issued a $51.00 target price on shares of Criteo in a research note on Tuesday, February 4th. Susquehanna reduced their target price on shares of Criteo from $50.00 to $38.00 and set a "neutral" rating for the company in a research note on Wednesday, April 30th. Citigroup reissued an "underperform" rating on shares of Criteo in a research report on Friday, April 25th. Finally, Wells Fargo & Company lowered their price target on Criteo from $68.00 to $66.00 and set an "overweight" rating on the stock in a research report on Thursday, May 1st. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $46.70.

Insider Transactions at Criteo

In other news, CEO Megan Clarken sold 13,823 shares of Criteo stock in a transaction dated Thursday, February 13th. The stock was sold at an average price of $43.56, for a total transaction of $602,129.88. Following the sale, the chief executive officer now directly owns 488,229 shares of the company's stock, valued at approximately $21,267,255.24. This trade represents a 2.75 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Brian Gleason sold 2,841 shares of the business's stock in a transaction that occurred on Monday, April 28th. The stock was sold at an average price of $33.89, for a total transaction of $96,281.49. Following the sale, the insider now directly owns 157,450 shares in the company, valued at $5,335,980.50. The trade was a 1.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 24,145 shares of company stock valued at $1,031,391. Company insiders own 1.71% of the company's stock.

Hedge Funds Weigh In On Criteo

Several large investors have recently modified their holdings of the business. Neuberger Berman Group LLC boosted its stake in Criteo by 7.0% during the 4th quarter. Neuberger Berman Group LLC now owns 6,075,995 shares of the information services provider's stock valued at $240,322,000 after purchasing an additional 399,977 shares during the last quarter. DnB Asset Management AS boosted its position in shares of Criteo by 0.5% during the fourth quarter. DnB Asset Management AS now owns 5,407,057 shares of the information services provider's stock valued at $213,903,000 after buying an additional 28,536 shares during the last quarter. Alliancebernstein L.P. boosted its position in shares of Criteo by 38.3% during the fourth quarter. Alliancebernstein L.P. now owns 3,796,975 shares of the information services provider's stock valued at $150,208,000 after buying an additional 1,052,126 shares during the last quarter. Senvest Management LLC grew its holdings in Criteo by 25.7% during the fourth quarter. Senvest Management LLC now owns 3,639,479 shares of the information services provider's stock worth $143,978,000 after buying an additional 743,695 shares in the last quarter. Finally, Cadian Capital Management LP raised its position in 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 valued at $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 Stock Performance

The firm has a market capitalization of $1.53 billion, a P/E ratio of 16.94 and a beta of 0.63. The firm has a 50 day simple moving average of $32.84 and a two-hundred day simple moving average of $37.46.

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

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.