Criteo S.A. (NASDAQ:CRTO - Get Free Report) shares reached a new 52-week low during mid-day trading on Friday . The stock traded as low as $24.59 and last traded at $24.66, with a volume of 169109 shares traded. The stock had previously closed at $25.62.
Analyst Ratings Changes
Several analysts have recently issued reports on CRTO shares. Wall Street Zen lowered Criteo from a "strong-buy" rating to a "buy" rating in a report on Tuesday, March 4th. BMO Capital Markets reduced their target price on Criteo from $60.00 to $49.00 and set an "outperform" rating on the stock in a report on Monday, May 5th. Wells Fargo & Company reduced 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. Stifel Nicolaus dropped 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, Citigroup restated an "underperform" rating on shares of Criteo in a research report on Friday, April 25th. One analyst has rated the stock with a sell rating, four have given a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $46.70.
Check Out Our Latest Analysis on Criteo
Criteo Price Performance
The stock has a market capitalization of $1.38 billion, a P/E ratio of 14.23 and a beta of 0.51. The firm has a 50-day simple moving average of $28.54 and a 200 day simple moving average of $35.36.
Criteo (NASDAQ:CRTO - Get Free Report) last issued its quarterly earnings results on Friday, May 2nd. The information services provider reported $1.10 earnings per share for the quarter, beating the consensus estimate of $0.77 by $0.33. The company 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% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.80 earnings per share. Sell-side analysts anticipate that Criteo S.A. will post 3.09 earnings per share for the current fiscal year.
Insider Activity
In related news, insider Ryan Damon sold 1,263 shares of the firm's stock in a transaction that occurred on Tuesday, May 27th. The stock was sold at an average price of $26.12, for a total transaction of $32,989.56. Following the completion of the sale, the insider now owns 130,739 shares of the company's stock, valued at $3,414,902.68. This trade represents a 0.96% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Brian Gleason sold 2,841 shares of the firm'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 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 represents a 1.77% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 12,707 shares of company stock valued at $351,786. Company insiders own 1.66% of the company's stock.
Institutional Investors Weigh In On Criteo
Large investors have recently added to or reduced their stakes in the business. The Manufacturers Life Insurance Company grew its stake in Criteo by 17.5% during the fourth quarter. The Manufacturers Life Insurance Company now owns 6,520 shares of the information services provider's stock worth $258,000 after purchasing an additional 971 shares during the period. Wells Fargo & Company MN grew its stake in Criteo by 53.2% during the fourth quarter. Wells Fargo & Company MN now owns 4,192 shares of the information services provider's stock worth $166,000 after purchasing an additional 1,455 shares during the period. Barclays PLC grew its stake in Criteo by 81.8% in the fourth quarter. Barclays PLC now owns 11,247 shares of the information services provider's stock valued at $445,000 after acquiring an additional 5,061 shares during the period. Bank of America Corp DE grew its stake in Criteo by 45.5% in the fourth quarter. Bank of America Corp DE now owns 127,509 shares of the information services provider's stock valued at $5,044,000 after acquiring an additional 39,862 shares during the period. Finally, Millennium Management LLC grew its stake in Criteo by 2.1% in the fourth quarter. Millennium Management LLC now owns 96,358 shares of the information services provider's stock valued at $3,812,000 after acquiring an additional 1,983 shares during the period. Institutional investors and hedge funds own 94.27% of the company's stock.
About Criteo
(
Get Free Report)
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.
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