Criteo (NASDAQ:CRTO) Share Price Crosses Above 50 Day Moving Average - Here's Why

Key Points

• Criteo shares moved above their 50-day moving average, trading as high as $16.74 and last at $16.61, compared with the average of $15.93.
• Analysts have a consensus Hold rating and an average price target of $21.35; six rate the stock Buy, four Hold, and two Sell.
• In its latest quarter, Criteo reported EPS of $0.43, below the $0.57 consensus, while revenue of $240.36 million narrowly beat estimates but fell 16.7% year over year.

Criteo S.A. (NASDAQ:CRTO - Get Free Report)'s stock price crossed above its fifty day moving average during trading on Monday. The stock has a fifty day moving average of $15.93 and traded as high as $16.74. Criteo shares last traded at $16.61, with a volume of 729,075 shares changing hands.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on CRTO shares. Huber Research cut shares of Criteo from an "overweight" rating to an "underweight" rating in a report on Monday, August 24th. Weiss Ratings upgraded Criteo from a "sell (d)" rating to a "sell (d+)" rating in a report on Wednesday, November 4th. Morgan Stanley reduced their price objective on Criteo from $29.00 to $25.00 and set an "equal weight" rating for the company in a research report on Thursday, August 6th. Citigroup lowered their target price on Criteo from $23.00 to $21.00 and set a "buy" rating on the stock in a research note on Thursday, November 5th. Finally, Wells Fargo & Company dropped their target price on Criteo from $15.00 to $14.00 and set an "equal weight" rating on the stock in a research report on Thursday, November 5th. Six investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $21.35.

Criteo Price Performance

The stock has a market capitalization of $813.89 million, a price-to-earnings ratio of 12.04 and a beta of 0.35. The stock's 50 day simple moving average is $15.93 and its 200-day simple moving average is $17.97.

Criteo (NASDAQ:CRTO - Get Free Report) last announced its quarterly earnings results on Wednesday, November 4th. The information services provider reported $0.43 EPS for the quarter, missing the consensus estimate of $0.57 by ($0.14). The business had revenue of $240.36 million for the quarter, compared to analyst estimates of $239.18 million. Criteo had a return on equity of 10.90% and a net margin of 3.99%. The business's revenue for the quarter was down 16.7% compared to the same quarter last year. During the same quarter last year, the company earned $1.31 EPS. As a group, equities research analysts anticipate that Criteo S.A. will post 2.58 earnings per share for the current fiscal year.

Insider Transactions at Criteo

In other Criteo news, CEO Michael Komasinski sold 1,656 shares of the stock in a transaction on Friday, August 28th. The shares were sold at an average price of $17.28, for a total transaction of $28,615.68. Following the transaction, the chief executive officer directly owned 343,891 shares of the company's stock, valued at $5,942,436.48. This represents a 0.48% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 2,855 shares of company stock valued at $48,898 in the last three months. Corporate insiders own 1.52% of the company's stock.

Institutional Trading of Criteo

Several large investors have recently made changes to their positions in the stock. Senvest Management LLC raised its stake in shares of Criteo by 4.5% in the 1st quarter. Senvest Management LLC now owns 4,597,322 shares of the information services provider's stock valued at $82,430,000 after acquiring an additional 200,000 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its position in Criteo by 10.7% during the first quarter. Arrowstreet Capital Limited Partnership now owns 975,109 shares of the information services provider's stock worth $17,484,000 after purchasing an additional 94,389 shares during the period. Sei Investments Co. boosted its position in Criteo by 47.2% during the first quarter. Sei Investments Co. now owns 246,026 shares of the information services provider's stock worth $4,411,000 after purchasing an additional 78,834 shares during the period. Janus Henderson Group PLC boosted its position in Criteo by 4.6% during the first quarter. Janus Henderson Group PLC now owns 1,769,644 shares of the information services provider's stock worth $31,774,000 after purchasing an additional 77,145 shares during the period. Finally, Bessemer Group Inc. grew its holdings in Criteo by 128.3% during the first quarter. Bessemer Group Inc. now owns 37,185 shares of the information services provider's stock valued at $667,000 after purchasing an additional 20,897 shares during the last quarter. Institutional investors own 94.27% of the company's stock.

Criteo Company Profile

Criteo SA NASDAQ: CRTO is a global commerce media and advertising technology company headquartered in Paris, France. The company helps brands, retailers and other businesses use commerce data and artificial intelligence to reach consumers, build customer relationships and measure advertising performance across digital channels.

Criteo's offerings include retail media solutions, which enable retailers and marketplace operators to provide sponsored product listings and other advertising placements, as well as performance media tools for campaigns across websites, mobile applications and the open internet.

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