Criteo (NASDAQ:CRTO) Stock Price Crosses Below Two Hundred Day Moving Average - What's Next?

Criteo S.A. (NASDAQ:CRTO - Get Free Report)'s stock price passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $41.50 and traded as low as $39.10. Criteo shares last traded at $39.33, with a volume of 282,350 shares changing hands.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the stock. StockNews.com upgraded shares of Criteo from a "hold" rating to a "buy" rating in a research note on Tuesday, November 12th. DA Davidson dropped their price target on shares of Criteo from $58.00 to $53.00 and set a "buy" rating on the stock in a research report on Thursday, October 31st. Benchmark reiterated a "buy" rating and issued a $51.00 price objective on shares of Criteo in a report on Tuesday, November 19th. Wells Fargo & Company started coverage on shares of Criteo in a research note on Monday, October 28th. They set an "overweight" rating and a $70.00 price objective on the stock. Finally, Susquehanna cut their target price on Criteo from $50.00 to $36.00 and set a "neutral" rating for the company in a research report on Thursday, October 31st. Four analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $50.67.

Criteo Price Performance

The stock has a market cap of $2.28 billion, a price-to-earnings ratio of 28.10 and a beta of 1.05. The business has a fifty day moving average of $39.64 and a 200 day moving average of $41.54.

Insider Activity at Criteo

In other Criteo news, CEO Megan Clarken sold 9,284 shares of the business's stock in a transaction on Monday, November 25th. The shares were sold at an average price of $40.36, for a total transaction of $374,702.24. Following the completion of the transaction, the chief executive officer now owns 509,145 shares of the company's stock, valued at $20,549,092.20. The trade was a 1.79 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Sarah Js Glickman sold 5,442 shares of Criteo stock in a transaction dated Wednesday, October 23rd. The stock was sold at an average price of $40.60, for a total value of $220,945.20. Following the completion of the transaction, the chief financial officer now owns 313,398 shares in the company, valued at $12,723,958.80. The trade was a 1.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 24,765 shares of company stock valued at $1,009,013. Corporate insiders own 1.71% of the company's stock.

Institutional Trading of Criteo

Several hedge funds and other institutional investors have recently bought and sold shares of CRTO. Alpha DNA Investment Management LLC acquired a new stake in shares of Criteo during the 2nd quarter worth approximately $473,000. Charles Schwab Investment Management Inc. boosted its stake in Criteo by 80.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 48,395 shares of the information services provider's stock worth $1,947,000 after buying an additional 21,509 shares in the last quarter. Seizert Capital Partners LLC bought a new stake in Criteo in the 3rd quarter valued at $1,405,000. Stifel Financial Corp raised its stake in shares of Criteo by 263.5% in the 3rd quarter. Stifel Financial Corp now owns 20,786 shares of the information services provider's stock valued at $836,000 after buying an additional 15,067 shares in the last quarter. Finally, Inspire Investing LLC bought a new position in shares of Criteo during the 2nd quarter worth about $819,000. 94.27% of the stock is currently owned by institutional investors and hedge funds.

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.