Criteo (NASDAQ:CRTO) Hits New 12-Month Low - Should You Sell?

Shares of Criteo S.A. (NASDAQ:CRTO - Get Free Report) reached a new 52-week low during trading on Thursday . The company traded as low as $23.39 and last traded at $23.91, with a volume of 414274 shares. The stock had previously closed at $23.48.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on CRTO shares. BMO Capital Markets dropped their target price 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. DA Davidson dropped their price objective on shares of Criteo from $57.00 to $42.00 and set a "buy" rating for the company in a research note on Tuesday, May 6th. Susquehanna dropped their price target on Criteo from $50.00 to $38.00 and set a "neutral" rating for the company in a research note on Wednesday, April 30th. Stifel Nicolaus dropped their price target on Criteo from $61.00 to $46.00 and set a "buy" rating for the company in a research note on Wednesday, April 23rd. Finally, JPMorgan Chase & Co. dropped their price target on Criteo from $39.00 to $27.00 and set a "neutral" rating for the company in a research note on Monday, May 5th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and seven have given a buy rating to the company's stock. According to data from MarketBeat, Criteo currently has an average rating of "Moderate Buy" and a consensus price target of $46.70.

Criteo Stock Down 1.3%

The company's 50 day moving average price is $28.03 and its 200-day moving average price is $34.91. The stock has a market cap of $1.37 billion, a P/E ratio of 9.60 and a beta of 0.51.

Criteo (NASDAQ:CRTO - Get Free Report) last announced its earnings results 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. The business had revenue of $451.43 million during the quarter, compared to analyst estimates of $259.86 million. Criteo had a return on equity of 18.21% and a net margin of 7.41%. Criteo's revenue for the quarter was up 3.9% compared to the same quarter last year. During the same period last year, the company earned $0.80 EPS. Equities research analysts anticipate that Criteo S.A. will post 3.09 earnings per share for the current year.

Insider Transactions at Criteo

In other news, insider Ryan Damon sold 2,132 shares of Criteo stock in a transaction dated Friday, May 23rd. The stock was sold at an average price of $25.81, for a total value of $55,026.92. Following the completion of the transaction, the insider now directly owns 132,002 shares of the company's stock, valued at approximately $3,406,971.62. This trade represents a 1.59% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Sarah Js Glickman sold 2,465 shares of Criteo stock in a transaction dated Friday, May 23rd. The stock was sold at an average price of $25.81, for a total value of $63,621.65. Following the completion of the transaction, the chief financial officer now directly 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 ownership of the stock. The disclosure for this sale can be found here. Insiders sold 12,707 shares of company stock worth $351,786 over the last ninety days. 1.66% of the stock is owned by insiders.

Institutional Investors Weigh In On Criteo

A number of hedge funds have recently added to or reduced their stakes in CRTO. Alliancebernstein L.P. increased its holdings in Criteo by 38.3% in the fourth quarter. Alliancebernstein L.P. now owns 3,796,975 shares of the information services provider's stock worth $150,208,000 after purchasing an additional 1,052,126 shares in the last quarter. ANTIPODES PARTNERS Ltd increased its stake in shares of Criteo by 41,776.0% in the 4th quarter. ANTIPODES PARTNERS Ltd now owns 994,555 shares of the information services provider's stock valued at $39,348,000 after acquiring an additional 992,180 shares in the last quarter. Senvest Management LLC increased its stake in shares of Criteo by 25.7% in 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 in the last quarter. Cadian Capital Management LP increased its stake in shares of 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 acquiring an additional 713,785 shares in the last quarter. Finally, Schroder Investment Management Group increased its stake in Criteo by 4,200.9% in the fourth quarter. Schroder Investment Management Group now owns 572,790 shares of the information services provider's stock valued at $22,493,000 after purchasing an additional 559,472 shares in the last quarter. 94.27% of the stock is currently owned by institutional investors.

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.