Criteo (NASDAQ:CRTO) Stock Price Down 2.3% - Time to Sell?

Criteo S.A. (NASDAQ:CRTO - Get Free Report)'s share price fell 2.3% during trading on Tuesday . The company traded as low as $40.87 and last traded at $41.25. 67,203 shares were traded during mid-day trading, a decline of 82% from the average session volume of 377,915 shares. The stock had previously closed at $42.23.

Analyst Ratings Changes

Several research firms have weighed in on CRTO. 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 target price for the company. DA Davidson lowered their price objective on shares of Criteo from $58.00 to $53.00 and set a "buy" rating for the company in a research report on Thursday, October 31st. Susquehanna cut their target price on shares of Criteo from $50.00 to $36.00 and set a "neutral" rating on the stock in a report on Thursday, October 31st. Benchmark reaffirmed a "buy" rating and set a $51.00 target price on shares of Criteo in a report on Tuesday, November 19th. Finally, StockNews.com upgraded Criteo from a "hold" rating to a "buy" rating in a research report on Tuesday, November 12th. Four investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $50.67.

Criteo Trading Down 2.9 %

The firm has a 50-day moving average of $39.88 and a 200 day moving average of $41.43. The stock has a market capitalization of $2.26 billion, a price-to-earnings ratio of 27.89 and a beta of 1.05.

Insider Activity

In other Criteo news, CFO Sarah Js Glickman sold 5,442 shares of the company'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 value of $220,945.20. Following the completion of the sale, the chief financial officer now directly owns 313,398 shares in the company, valued at $12,723,958.80. This 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 this hyperlink. Also, insider Ryan Damon sold 2,793 shares of the stock in a transaction on Friday, December 13th. The shares were sold at an average price of $42.54, for a total value of $118,814.22. Following the transaction, the insider now directly owns 115,646 shares of the company's stock, valued at approximately $4,919,580.84. The trade was a 2.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 24,765 shares of company stock valued at $1,009,013. Company insiders own 1.71% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of CRTO. Alpha DNA Investment Management LLC bought a new position in shares of Criteo in the second quarter valued at $473,000. Charles Schwab Investment Management Inc. grew its holdings in shares of Criteo by 80.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 48,395 shares of the information services provider's stock worth $1,947,000 after acquiring an additional 21,509 shares during the last quarter. Seizert Capital Partners LLC acquired a new position in shares of Criteo in the 3rd quarter worth $1,405,000. Inspire Investing LLC acquired a new stake in shares of Criteo during the second quarter worth $819,000. Finally, Senvest Management LLC lifted its holdings in shares of Criteo by 19.6% during the third quarter. Senvest Management LLC now owns 2,895,784 shares of the information services provider's stock valued at $116,526,000 after purchasing an additional 475,530 shares during the last quarter. 94.27% of the stock is owned by institutional investors and hedge funds.

About Criteo

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.