Criteo (NASDAQ:CRTO) Hits New 12-Month Low - What's Next?

Criteo S.A. (NASDAQ:CRTO - Get Free Report)'s share price reached a new 52-week low during trading on Tuesday . The stock traded as low as $23.11 and last traded at $23.20, with a volume of 353073 shares changing hands. The stock had previously closed at $23.71.

Wall Street Analyst Weigh In

Several research firms recently commented on CRTO. Stifel Nicolaus reduced their price objective on Criteo from $61.00 to $46.00 and set a "buy" rating for the company in a report on Wednesday, April 23rd. DA Davidson decreased their price objective 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. 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. Susquehanna cut their target price on shares of Criteo from $50.00 to $38.00 and set a "neutral" rating for the company in a research report on Wednesday, April 30th. Finally, Morgan Stanley decreased their target price on shares of Criteo from $40.00 to $36.00 and set an "equal weight" rating for the company in a research note on Monday, May 5th. One analyst has rated the stock with a sell rating, four have issued a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $46.70.

Criteo Trading Down 1.9%

The firm has a market cap of $1.33 billion, a PE ratio of 9.37 and a beta of 0.48. The company's 50 day moving average price is $25.37 and its two-hundred day moving average price is $32.52.

Criteo (NASDAQ:CRTO - Get Free Report) last released 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 company had revenue of $451.43 million during the quarter, compared to analyst estimates of $259.86 million. Criteo had a net margin of 7.41% and a return on equity of 18.21%. The firm's quarterly revenue was up 3.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.80 EPS. Equities research analysts expect 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 2,132 shares of the business's stock in a transaction that occurred on Friday, May 23rd. The stock was sold at an average price of $25.81, for a total value of $55,026.92. Following the transaction, the insider directly owned 132,002 shares of the company's stock, valued at approximately $3,406,971.62. The trade was a 1.59% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Brian Gleason sold 2,841 shares of the business's stock in a transaction on Monday, April 28th. The stock was sold at an average price of $33.89, for a total transaction of $96,281.49. Following the completion of the transaction, the insider directly owned 157,450 shares in the company, valued at $5,335,980.50. This trade represents a 1.77% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 12,707 shares of company stock worth $351,786 over the last ninety days. Corporate insiders own 1.66% of the company's stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Robeco Institutional Asset Management B.V. raised its holdings in shares of 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 in the last quarter. Jones Financial Companies Lllp raised its stake 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 valued at $45,000 after purchasing an additional 1,184 shares in the last quarter. DnB Asset Management AS raised its stake in Criteo by 1.9% during the first quarter. DnB Asset Management AS now owns 5,511,195 shares of the information services provider's stock valued at $195,372,000 after purchasing an additional 104,138 shares in the last quarter. Alliancebernstein L.P. lifted its position in Criteo by 14.0% during the first quarter. Alliancebernstein L.P. now owns 4,329,854 shares of the information services provider's stock valued at $153,320,000 after purchasing an additional 532,879 shares during the last quarter. Finally, Federation des caisses Desjardins du Quebec grew its stake in shares of Criteo by 17.5% in the 1st quarter. Federation des caisses Desjardins du Quebec now owns 68,165 shares of the information services provider's stock worth $2,414,000 after buying an additional 10,170 shares in the last quarter. Institutional investors own 94.27% of the company's stock.

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.