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

Shares of Criteo S.A. (NASDAQ:CRTO - Get Free Report) hit a new 52-week low during 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.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the stock. Morgan Stanley lowered their price objective on shares of Criteo from $40.00 to $36.00 and set an "equal weight" rating on the stock in a research report on Monday, May 5th. DA Davidson decreased their price objective on Criteo from $57.00 to $42.00 and set a "buy" rating on the stock in a report on Tuesday, May 6th. Wells Fargo & Company dropped their price objective on Criteo from $68.00 to $66.00 and set an "overweight" rating for the company in a research note on Thursday, May 1st. Citigroup reiterated an "underperform" rating on shares of Criteo in a research report on Friday, April 25th. Finally, BMO Capital Markets decreased their price objective on shares of Criteo from $60.00 to $49.00 and set an "outperform" rating for the company in a report on Monday, May 5th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $46.70.

Criteo Price Performance

The company has a 50-day moving average of $28.70 and a two-hundred day moving average of $35.69. The company has a market capitalization of $1.41 billion, a PE ratio of 14.49 and a beta of 0.51.

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, topping the consensus estimate of $0.77 by $0.33. Criteo had a net margin of 5.08% and a return on equity of 16.37%. The business had revenue of $451.43 million during the quarter, compared to the consensus estimate of $259.86 million. During the same quarter last year, the firm earned $0.80 earnings per share. The firm's quarterly revenue was up 3.9% compared to the same quarter last year. As a group, research analysts anticipate that Criteo S.A. will post 3.09 EPS for the current year.

Insiders Place Their Bets

In related news, CFO Sarah Js Glickman sold 2,465 shares of the stock in a transaction that occurred on Friday, May 23rd. The shares were sold at an average price of $25.81, for a total transaction of $63,621.65. Following the completion of the transaction, the chief financial officer now owns 362,710 shares of the company's stock, valued at approximately $9,361,545.10. This trade represents a 0.68% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Brian Gleason sold 2,841 shares of the company's stock in a transaction dated Monday, April 28th. The stock was sold at an average price of $33.89, for a total value of $96,281.49. Following the transaction, the insider now directly owns 157,450 shares of the company's stock, valued at approximately $5,335,980.50. This represents a 1.77% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 12,707 shares of company stock valued at $351,786. 1.66% of the stock is currently owned by corporate insiders.

Institutional Trading of Criteo

Several large investors have recently bought and sold shares of CRTO. Jones Financial Companies Lllp raised its position in Criteo by 1,376.7% during the first quarter. Jones Financial Companies Lllp now owns 1,270 shares of the information services provider's stock worth $45,000 after acquiring an additional 1,184 shares during the last quarter. DnB Asset Management AS raised its position in shares of Criteo by 1.9% during the 1st 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 during the last quarter. Alliancebernstein L.P. lifted its stake in Criteo by 14.0% in the 1st 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 in the last quarter. Federation des caisses Desjardins du Quebec grew its holdings in Criteo by 17.5% during the 1st quarter. Federation des caisses Desjardins du Quebec now owns 68,165 shares of the information services provider's stock valued at $2,414,000 after buying an additional 10,170 shares during the last quarter. Finally, Cubist Systematic Strategies LLC increased its position in Criteo by 245.3% during the first quarter. Cubist Systematic Strategies LLC now owns 100,404 shares of the information services provider's stock worth $3,555,000 after buying an additional 71,327 shares in the last quarter. Institutional investors and hedge funds own 94.27% of the company's stock.

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.

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