Criteo (NASDAQ:CRTO) Shares Down 3.5% - Should You Sell?

Shares of Criteo S.A. (NASDAQ:CRTO - Get Free Report) traded down 3.5% on Friday . The stock traded as low as $40.58 and last traded at $40.84. 253,881 shares were traded during trading, a decline of 33% from the average session volume of 380,910 shares. The stock had previously closed at $42.34.

Analyst Ratings Changes

CRTO has been the topic of several research analyst reports. DA Davidson reduced their price objective on Criteo from $58.00 to $53.00 and set a "buy" rating on the stock in a research note on Thursday, October 31st. BMO Capital Markets raised their target price on shares of Criteo from $45.00 to $55.00 and gave the company an "outperform" rating in a research report on Friday, August 2nd. Benchmark reiterated a "buy" rating and set a $51.00 price target on shares of Criteo in a report on Tuesday, November 19th. JPMorgan Chase & Co. raised their price objective on Criteo from $40.00 to $50.00 and gave the company a "neutral" rating in a report on Friday, August 2nd. Finally, Susquehanna lowered their target price on Criteo from $50.00 to $36.00 and set a "neutral" rating for the company in a report on Thursday, October 31st. Four research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $50.67.

Criteo Stock Down 3.7 %

The company has a market cap of $2.25 billion, a price-to-earnings ratio of 27.74 and a beta of 1.02. The firm has a 50 day moving average price of $39.29 and a two-hundred day moving average price of $40.90.

Insiders Place Their Bets

In related news, CFO Sarah Js Glickman sold 5,442 shares of the firm's stock in a transaction that occurred on Wednesday, October 23rd. The stock was sold at an average price of $40.60, for a total transaction of $220,945.20. Following the completion of the sale, the chief financial officer now owns 313,398 shares of the company's stock, valued at $12,723,958.80. This trade represents a 1.71 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Ryan Damon sold 2,885 shares of the business's stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $40.36, for a total value of $116,438.60. Following the completion of the transaction, the insider now directly owns 118,334 shares in the company, valued at approximately $4,775,960.24. This trade represents a 2.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 21,972 shares of company stock worth $890,198. 1.71% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the stock. GAMMA Investing LLC boosted its holdings in Criteo by 67.3% in the second quarter. GAMMA Investing LLC now owns 738 shares of the information services provider's stock worth $28,000 after acquiring an additional 297 shares in the last quarter. USA Financial Formulas acquired a new position in shares of Criteo during the third quarter worth approximately $31,000. Farther Finance Advisors LLC bought a new position in shares of Criteo in the 3rd quarter worth $50,000. EverSource Wealth Advisors LLC grew its position in Criteo by 868.1% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,394 shares of the information services provider's stock valued at $53,000 after purchasing an additional 1,250 shares during the period. Finally, Blue Trust Inc. increased its stake in Criteo by 7,011.5% during the 2nd quarter. Blue Trust Inc. now owns 1,849 shares of the information services provider's stock valued at $65,000 after purchasing an additional 1,823 shares in the last quarter. Institutional investors and hedge funds 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.