Criteo (NASDAQ:CRTO) Hits New 1-Year Low - Time to Sell?

Key Points

• Criteo S.A. shares experienced a new 52-week low, trading as low as $22.99 before closing at $23.09, down from a previous close of $23.19.
• Several major analysts have reduced their price targets for Criteo, with the average target now at $45.30, reflecting a "Moderate Buy" consensus.
• In the latest earnings report, Criteo exceeded estimates with $1.10 EPS on revenue of $451.43 million, indicating a 3.9% year-over-year revenue growth.
• Insider transactions included CFO Sarah Glickman selling 1,520 shares, highlighting a 0.42% decrease in her holdings amidst a backdrop of increased insider selling over the past ninety days.

Criteo S.A. (NASDAQ:CRTO - Get Free Report)'s share price reached a new 52-week low during trading on Friday . The company traded as low as $22.99 and last traded at $23.09, with a volume of 29558 shares. The stock had previously closed at $23.19.

Analyst Ratings Changes

A number of brokerages have recently issued reports on CRTO. BMO Capital Markets dropped their target price on shares of 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 lowered their target price on shares of Criteo from $68.00 to $66.00 and set an "overweight" rating on the stock in a report on Thursday, May 1st. DA Davidson lowered their target price on shares of Criteo from $57.00 to $42.00 and set a "buy" rating on the stock in a report on Tuesday, May 6th. JPMorgan Chase & Co. reduced their price target on shares of Criteo from $39.00 to $27.00 and set a "neutral" rating on the stock in a research report on Monday, May 5th. Finally, Stifel Nicolaus reduced their price target on shares of Criteo from $42.00 to $41.00 and set a "buy" rating on the stock in a research report on Tuesday, July 22nd. One analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $45.30.

Criteo Price Performance

The firm has a market capitalization of $1.31 billion, a PE ratio of 9.18 and a beta of 0.48. The firm's fifty day moving average is $24.77 and its two-hundred day moving average is $31.84.

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. Criteo had a net margin of 7.41% and a return on equity of 18.21%. The business had revenue of $451.43 million for the quarter, compared to analysts' expectations of $259.86 million. During the same period in the previous year, the company earned $0.80 earnings per share. The firm's revenue for the quarter was up 3.9% compared to the same quarter last year. As a group, equities research analysts predict that Criteo S.A. will post 3.09 EPS for the current fiscal year.

Insider Buying and Selling at Criteo

In other Criteo news, insider Brian Gleason sold 2,486 shares of the business's stock in a transaction dated Friday, May 23rd. The shares were sold at an average price of $25.81, for a total value of $64,163.66. Following the transaction, the insider directly owned 154,964 shares in the company, valued at $3,999,620.84. The trade was a 1.58% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Sarah Js Glickman sold 2,465 shares of the business's stock in a transaction dated 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 owned 362,710 shares in the company, valued at approximately $9,361,545.10. The trade was a 0.68% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 9,866 shares of company stock worth $255,504 over the last three months. 1.66% of the stock is currently owned by insiders.

Institutional Trading of Criteo

A number of institutional investors have recently modified their holdings of the business. TD Private Client Wealth LLC lifted its stake in shares of Criteo by 21.4% during the 1st quarter. TD Private Client Wealth LLC now owns 2,413 shares of the information services provider's stock valued at $85,000 after buying an additional 426 shares in the last quarter. Robeco Institutional Asset Management B.V. increased its holdings in Criteo by 1.7% during the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 38,594 shares of the information services provider's stock worth $925,000 after acquiring an additional 655 shares during the period. Natixis Advisors LLC increased its holdings in Criteo by 5.9% during the 1st quarter. Natixis Advisors LLC now owns 12,070 shares of the information services provider's stock worth $427,000 after acquiring an additional 672 shares during the period. The Manufacturers Life Insurance Company increased its holdings in Criteo by 17.5% during the 4th quarter. The Manufacturers Life Insurance Company now owns 6,520 shares of the information services provider's stock worth $258,000 after acquiring an additional 971 shares during the period. Finally, Vega Investment Solutions bought a new stake in Criteo during the 4th quarter worth approximately $41,000. 94.27% of the stock is currently owned by hedge funds and other institutional investors.

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.