Criteo (NASDAQ:CRTO) Sets New 52-Week Low on Analyst Downgrade

Criteo S.A. (NASDAQ:CRTO - Get Free Report)'s stock price reached a new 52-week low during trading on Wednesday after JPMorgan Chase & Co. lowered their price target on the stock from $48.00 to $39.00. JPMorgan Chase & Co. currently has a neutral rating on the stock. Criteo traded as low as $27.74 and last traded at $28.06, with a volume of 369524 shares traded. The stock had previously closed at $29.28.

Several other research firms have also commented on CRTO. BMO Capital Markets increased their price objective on shares of Criteo from $48.00 to $60.00 and gave the company an "outperform" rating in a research report on Thursday, February 6th. Stifel Nicolaus reissued a "buy" rating and set a $61.00 price objective (up from $59.00) on shares of Criteo in a research note on Thursday, February 6th. Wells Fargo & Company lifted their target price on Criteo from $63.00 to $68.00 and gave the stock an "overweight" rating in a report on Thursday, February 6th. Benchmark restated a "buy" rating and issued a $51.00 price target on shares of Criteo in a research report on Tuesday, February 4th. Finally, Morgan Stanley raised their target price on shares of Criteo from $42.00 to $44.00 and gave the stock an "equal weight" rating in a report on Thursday, February 6th. Four research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $51.80.

Insider Buying and Selling at Criteo

In related news, CEO Megan Clarken sold 7,481 shares of the stock in a transaction that occurred on Tuesday, February 11th. The shares were sold at an average price of $44.51, for a total transaction of $332,979.31. Following the completion of the sale, the chief executive officer now owns 502,052 shares of the company's stock, valued at $22,346,334.52. This represents a 1.47 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Brian Gleason sold 3,135 shares of the company's stock in a transaction on Tuesday, January 28th. The stock was sold at an average price of $36.95, for a total value of $115,838.25. Following the transaction, the insider now directly owns 139,085 shares in the company, valued at approximately $5,139,190.75. The trade was a 2.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 26,363 shares of company stock valued at $1,124,213. 1.71% of the stock is currently owned by corporate insiders.

Institutional Trading of Criteo

Institutional investors have recently made changes to their positions in the business. Waterfront Wealth Inc. boosted its holdings in Criteo by 0.7% in the fourth quarter. Waterfront Wealth Inc. now owns 49,161 shares of the information services provider's stock worth $1,945,000 after acquiring an additional 335 shares in the last quarter. Geode Capital Management LLC boosted its stake in Criteo by 1.1% in the 3rd quarter. Geode Capital Management LLC now owns 49,143 shares of the information services provider's stock worth $1,978,000 after purchasing an additional 518 shares in the last quarter. Assetmark Inc. grew its position in Criteo by 9.9% during the 4th quarter. Assetmark Inc. now owns 6,174 shares of the information services provider's stock worth $244,000 after purchasing an additional 558 shares during the last quarter. The Manufacturers Life Insurance Company grew its position in Criteo by 17.5% during the 4th quarter. The Manufacturers Life Insurance Company now owns 6,520 shares of the information services provider's stock worth $258,000 after purchasing an additional 971 shares during the last quarter. Finally, Vega Investment Solutions acquired a new position in Criteo during the 4th quarter valued at approximately $41,000. Institutional investors and hedge funds own 94.27% of the company's stock.

Criteo Price Performance

The stock's fifty day simple moving average is $37.48 and its 200-day simple moving average is $38.80. The firm has a market cap of $1.64 billion, a PE ratio of 16.90 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, topping analysts' consensus estimates of $1.37 by $0.04. Criteo had a return on equity of 16.37% and a net margin of 5.08%. Analysts expect that Criteo S.A. will post 3.09 earnings per share for the current year.

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.