Criteo (NASDAQ:CRTO) Hits New 12-Month Low on Analyst Downgrade

Criteo S.A. (NASDAQ:CRTO - Get Free Report)'s share price hit a new 52-week low during trading 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 changing hands. The stock had previously closed at $29.47.

Other equities research analysts have also issued reports about the company. Citigroup restated an "underperform" rating on shares of Criteo in a research report on Friday, April 25th. StockNews.com lowered Criteo from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, March 4th. BMO Capital Markets dropped their price target on Criteo from $60.00 to $49.00 and set an "outperform" rating for the company in a research report on Monday, May 5th. Stifel Nicolaus lowered their price objective on Criteo from $61.00 to $46.00 and set a "buy" rating for the company in a research report on Wednesday, April 23rd. Finally, Morgan Stanley reduced their target price on Criteo from $40.00 to $36.00 and set an "equal weight" rating on the stock in a research report on Monday, May 5th. One analyst has rated the stock with a sell rating, four have issued a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $46.70.

Insider Transactions at Criteo

In related news, insider Brian Gleason sold 2,841 shares of the firm's stock in a transaction dated Monday, April 28th. The stock was sold at an average price of $33.89, for a total transaction of $96,281.49. Following the completion of the transaction, the insider now directly owns 157,450 shares in the company, valued at $5,335,980.50. This trade represents a 1.77% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Megan Clarken sold 13,823 shares of the firm's stock in a transaction dated Thursday, February 13th. The shares were sold at an average price of $43.56, for a total value of $602,129.88. Following the transaction, the chief executive officer now owns 488,229 shares of the company's stock, valued at $21,267,255.24. This trade represents a 2.75% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 24,145 shares of company stock worth $1,031,391. 1.71% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Criteo

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Neuberger Berman Group LLC boosted its holdings 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 acquiring an additional 399,977 shares during the period. DnB Asset Management AS boosted its holdings in Criteo by 0.5% during the 4th quarter. DnB Asset Management AS now owns 5,407,057 shares of the information services provider's stock valued at $213,903,000 after acquiring an additional 28,536 shares during the period. Alliancebernstein L.P. boosted its holdings in Criteo by 38.3% during the 4th quarter. Alliancebernstein L.P. now owns 3,796,975 shares of the information services provider's stock valued at $150,208,000 after acquiring an additional 1,052,126 shares during the period. Senvest Management LLC boosted its holdings in Criteo by 25.7% during 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 acquiring an additional 743,695 shares during the period. Finally, Cadian Capital Management LP boosted its holdings in Criteo by 38.2% during 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 acquiring an additional 713,785 shares during the period. 94.27% of the stock is currently owned by hedge funds and other institutional investors.

Criteo Trading Up 0.3%

The firm has a 50 day moving average price of $32.84 and a 200-day moving average price of $37.41. The firm has a market cap of $1.53 billion, a PE ratio of 16.94 and a beta of 0.63.

Criteo (NASDAQ:CRTO - Get Free Report) last announced its quarterly earnings data on Friday, May 2nd. The information services provider reported $1.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.77 by $0.33. The business had revenue of $451.43 million during the quarter, compared to analysts' expectations of $259.86 million. Criteo had a return on equity of 16.37% and a net margin of 5.08%. The business's quarterly revenue was up 3.9% compared to the same quarter last year. During the same quarter last year, the business posted $0.80 EPS. Equities analysts forecast that Criteo S.A. will post 3.09 earnings per share for the current fiscal 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.