Criteo (NASDAQ:CRTO) Stock Price Passes Below 200-Day Moving Average - Time to Sell?

Criteo S.A. (NASDAQ:CRTO - Get Free Report)'s share price crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $34.33 and traded as low as $23.67. Criteo shares last traded at $23.83, with a volume of 322,035 shares traded.

Analysts Set New Price Targets

CRTO has been the subject of a number of recent research reports. BMO Capital Markets decreased their price objective on Criteo from $60.00 to $49.00 and set an "outperform" rating for the company in a research report on Monday, May 5th. Morgan Stanley decreased their price objective on Criteo from $40.00 to $36.00 and set an "equal weight" rating for the company in a research report on Monday, May 5th. Wall Street Zen cut Criteo from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, March 4th. Stifel Nicolaus cut their target price 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, Citigroup reissued an "underperform" rating on shares of Criteo in a research note on Friday, April 25th. One 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. Based on data from MarketBeat, Criteo presently has a consensus rating of "Moderate Buy" and an average target price of $46.70.

Criteo Trading Up 1.3%

The firm has a market capitalization of $1.40 billion, a PE ratio of 9.87 and a beta of 0.48. The business has a 50 day moving average price of $27.25 and a 200-day moving average price of $34.02.

Criteo (NASDAQ:CRTO - Get Free Report) last released its quarterly earnings data on Friday, May 2nd. The information services provider reported $1.10 earnings per share for the quarter, beating the consensus estimate of $0.77 by $0.33. Criteo had a return on equity of 18.21% and a net margin of 7.41%. The firm had revenue of $451.43 million during the quarter, compared to the consensus estimate of $259.86 million. During the same period last year, the business posted $0.80 EPS. Criteo's quarterly revenue was up 3.9% on a year-over-year basis. On average, equities research analysts forecast that Criteo S.A. will post 3.09 earnings per share for the current year.

Insider Activity at Criteo

In related news, insider Ryan Damon sold 2,132 shares of the firm'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 completion of the transaction, the insider directly owned 132,002 shares of the company's stock, valued at $3,406,971.62. This trade represents a 1.59% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Brian Gleason sold 2,841 shares of the firm's stock in a transaction that occurred on Monday, April 28th. The shares were sold at an average price of $33.89, for a total value of $96,281.49. Following the completion of the transaction, the insider directly owned 157,450 shares of the company's stock, valued at $5,335,980.50. The trade was a 1.77% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 12,707 shares of company stock valued at $351,786 in the last ninety days. Corporate insiders own 1.66% of the company's stock.

Hedge Funds Weigh In On Criteo

Several hedge funds have recently bought and sold shares of CRTO. Alliancebernstein L.P. increased its position in Criteo by 38.3% during the fourth quarter. Alliancebernstein L.P. now owns 3,796,975 shares of the information services provider's stock worth $150,208,000 after buying an additional 1,052,126 shares in the last quarter. ANTIPODES PARTNERS Ltd increased its position in Criteo by 41,776.0% during the fourth quarter. ANTIPODES PARTNERS Ltd now owns 994,555 shares of the information services provider's stock worth $39,348,000 after buying an additional 992,180 shares in the last quarter. Senvest Management LLC increased its position in Criteo by 25.7% during the fourth quarter. Senvest Management LLC now owns 3,639,479 shares of the information services provider's stock worth $143,978,000 after buying an additional 743,695 shares in the last quarter. Cadian Capital Management LP increased its position in Criteo by 38.2% during the fourth quarter. Cadian Capital Management LP now owns 2,584,333 shares of the information services provider's stock worth $102,236,000 after buying an additional 713,785 shares in the last quarter. Finally, Schroder Investment Management Group increased its position in Criteo by 4,200.9% during the fourth quarter. Schroder Investment Management Group now owns 572,790 shares of the information services provider's stock worth $22,493,000 after buying an additional 559,472 shares in the last quarter. 94.27% of the stock is 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.