Criteo (NASDAQ:CRTO) Sets New 52-Week Low - Should You Sell?

Criteo S.A. (NASDAQ:CRTO - Get Free Report)'s share price hit a new 52-week low on Thursday . The company traded as low as $23.39 and last traded at $23.91, with a volume of 414274 shares changing hands. The stock had previously closed at $23.48.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on CRTO. Morgan Stanley lowered their price target on shares of Criteo from $40.00 to $36.00 and set an "equal weight" rating for the company in a report on Monday, May 5th. DA Davidson lowered their price target on shares of Criteo from $57.00 to $42.00 and set a "buy" rating for the company in a report on Tuesday, May 6th. Citigroup reissued an "underperform" rating on shares of Criteo in a report on Friday, April 25th. Wall Street Zen lowered shares of Criteo from a "strong-buy" rating to a "buy" rating in a report on Tuesday, March 4th. Finally, Susquehanna lowered their price target on shares of Criteo from $50.00 to $38.00 and set a "neutral" rating for the company in a report on Wednesday, April 30th. One 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 company. Based on data from MarketBeat.com, Criteo has an average rating of "Moderate Buy" and an average price target of $46.70.

Criteo Price Performance

The stock has a market capitalization of $1.38 billion, a P/E ratio of 9.72 and a beta of 0.51. The business's 50 day simple moving average is $28.23 and its 200-day simple moving average is $35.20.

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 analysts' consensus estimates of $0.77 by $0.33. Criteo had a net margin of 7.41% and a return on equity of 18.21%. The firm had revenue of $451.43 million for the quarter, compared to analysts' expectations of $259.86 million. During the same period last year, the firm earned $0.80 earnings per share. The business's revenue for the quarter was up 3.9% on a year-over-year basis. Research analysts anticipate that Criteo S.A. will post 3.09 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Criteo news, CFO Sarah Js Glickman sold 1,520 shares of the business's stock in a transaction dated Tuesday, May 27th. The shares were sold at an average price of $26.12, for a total transaction of $39,702.40. Following the sale, the chief financial officer now directly owns 361,190 shares of the company's stock, valued at $9,434,282.80. The trade was a 0.42% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Ryan Damon sold 2,132 shares of the business's stock in a transaction dated Friday, May 23rd. The stock was sold at an average price of $25.81, for a total transaction of $55,026.92. Following the transaction, the insider now owns 132,002 shares in the company, valued at $3,406,971.62. This represents a 1.59% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 12,707 shares of company stock worth $351,786. Company insiders own 1.66% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of CRTO. Vega Investment Solutions acquired a new position in shares of Criteo during the 4th quarter worth about $41,000. Jones Financial Companies Lllp increased its stake in shares of Criteo by 1,376.7% during the 1st quarter. Jones Financial Companies Lllp now owns 1,270 shares of the information services provider's stock worth $45,000 after purchasing an additional 1,184 shares during the last quarter. TD Private Client Wealth LLC increased 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 worth $85,000 after purchasing an additional 426 shares during the last quarter. Wells Fargo & Company MN grew its stake in Criteo by 53.2% in the 4th quarter. Wells Fargo & Company MN now owns 4,192 shares of the information services provider's stock valued at $166,000 after buying an additional 1,455 shares during the last quarter. Finally, Two Sigma Securities LLC acquired a new position in Criteo in the 4th quarter valued at about $210,000. 94.27% of the stock is currently owned by institutional investors and hedge funds.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.