Criteo S.A. (NASDAQ:CRTO - Get Free Report)'s share price hit a new 52-week low on Tuesday . The company traded as low as $27.46 and last traded at $27.93, with a volume of 259053 shares changing hands. The stock had previously closed at $28.39.
Analyst Upgrades and Downgrades
A number of equities research analysts have commented on the stock. JPMorgan Chase & Co. cut their target price on shares of Criteo from $48.00 to $39.00 and set a "neutral" rating for the company in a research report on Tuesday, April 8th. Morgan Stanley lowered their target price on Criteo from $44.00 to $40.00 and set an "equal weight" rating on the stock in a report on Thursday. Wells Fargo & Company boosted their price target on Criteo from $63.00 to $68.00 and gave the company an "overweight" rating in a research note on Thursday, February 6th. StockNews.com cut shares of Criteo from a "strong-buy" rating to a "buy" rating in a research note on Tuesday, March 4th. Finally, Stifel Nicolaus reissued a "buy" rating and issued a $61.00 price objective (up previously from $59.00) on shares of Criteo in a report on Thursday, February 6th. Four investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $51.40.
Read Our Latest Report on CRTO
Criteo Stock Performance
The company's 50-day moving average price is $35.90 and its 200 day moving average price is $38.44. The stock has a market capitalization of $1.73 billion, a P/E ratio of 17.80 and a beta of 0.74.
Criteo (NASDAQ:CRTO - Get Free Report) last issued its earnings results on Wednesday, February 5th. The information services provider reported $1.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.37 by $0.04. Criteo had a return on equity of 16.37% and a net margin of 5.08%. Analysts predict that Criteo S.A. will post 3.09 earnings per share for the current year.
Insider Activity
In related news, CEO Megan Clarken sold 7,481 shares of the business's stock in a transaction on Tuesday, February 11th. The shares were sold at an average price of $44.51, for a total value of $332,979.31. Following the sale, the chief executive officer now owns 502,052 shares in the company, valued at approximately $22,346,334.52. The trade was a 1.47 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Brian Gleason sold 3,135 shares of the stock in a transaction on Tuesday, January 28th. The shares were sold at an average price of $36.95, for a total transaction of $115,838.25. Following the transaction, the insider now owns 139,085 shares of the company's stock, valued at $5,139,190.75. This trade represents a 2.20 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 26,363 shares of company stock worth $1,124,213 over the last 90 days. Corporate insiders own 1.71% of the company's stock.
Institutional Investors Weigh In On Criteo
Large investors have recently added to or reduced their stakes in the stock. QRG Capital Management Inc. increased its position in shares of Criteo by 8.6% during the 1st quarter. QRG Capital Management Inc. now owns 42,239 shares of the information services provider's stock valued at $1,496,000 after purchasing an additional 3,346 shares during the last quarter. Congress Asset Management Co. raised its stake in shares of Criteo by 25.4% in the first quarter. Congress Asset Management Co. now owns 1,410,564 shares of the information services provider's stock valued at $49,948,000 after acquiring an additional 285,285 shares during the period. GAMMA Investing LLC lifted its holdings in shares of Criteo by 2,217.2% in the 1st quarter. GAMMA Investing LLC now owns 37,747 shares of the information services provider's stock worth $1,337,000 after acquiring an additional 36,118 shares during the last quarter. Vega Investment Solutions purchased a new position in shares of Criteo during the 4th quarter worth about $41,000. Finally, Two Sigma Advisers LP grew its holdings in Criteo by 102.7% during the 4th quarter. Two Sigma Advisers LP now owns 564,000 shares of the information services provider's stock valued at $22,312,000 after purchasing an additional 285,800 shares during the last quarter. 94.27% of the stock is owned by institutional investors.
About Criteo
(
Get Free Report)
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.
Further Reading
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