Criteo S.A. (NASDAQ:CRTO – Get Free Report)’s stock price hit a new 52-week low during mid-day trading on Tuesday. The stock traded as low as $15.52 and last traded at $15.56, with a volume of 46720 shares changing hands. The stock had previously closed at $15.80.
Analysts Set New Price Targets
A number of analysts have recently issued reports on the company. BMO Capital Markets set a $20.00 target price on Criteo in a report on Thursday, August 6th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Criteo in a report on Friday, July 17th. Morgan Stanley dropped their price target on Criteo from $29.00 to $25.00 and set an “equal weight” rating on the stock in a research report on Thursday, August 6th. Wedbush reduced their price objective on Criteo from $30.00 to $25.00 and set an “outperform” rating for the company in a research note on Thursday, August 20th. Finally, Sanford C. Bernstein lowered Criteo from an “outperform” rating to a “market perform” rating and decreased their price objective for the stock from $35.00 to $20.50 in a research report on Thursday, August 6th. Six equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat, Criteo has an average rating of “Hold” and a consensus price target of $22.65.
Check Out Our Latest Stock Analysis on CRTO
Criteo Stock Down 1.5%
Criteo (NASDAQ:CRTO – Get Free Report) last announced its quarterly earnings data on Wednesday, August 5th. The information services provider reported $0.80 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.71 by $0.09. Criteo had a return on equity of 14.33% and a net margin of 5.60%.The business had revenue of $428.02 million during the quarter, compared to analyst estimates of $263.40 million. During the same period last year, the company earned $0.92 earnings per share. Criteo’s quarterly revenue was down 11.3% compared to the same quarter last year. On average, equities analysts expect that Criteo S.A. will post 2.58 EPS for the current fiscal year.
Insider Activity
In related news, CEO Michael Komasinski sold 1,656 shares of the stock in a transaction that occurred on Friday, August 28th. The stock was sold at an average price of $17.28, for a total value of $28,615.68. Following the transaction, the chief executive officer owned 343,891 shares in the company, valued at approximately $5,942,436.48. This represents a 0.48% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Ryan Damon sold 6,178 shares of the firm’s stock in a transaction that occurred on Thursday, August 6th. The shares were sold at an average price of $17.23, for a total transaction of $106,446.94. Following the transaction, the insider directly owned 167,765 shares in the company, valued at approximately $2,890,590.95. The trade was a 3.55% decrease in their position. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 30,725 shares of company stock worth $529,527 in the last three months. 1.52% of the stock is owned by insiders.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently modified their holdings of the business. WealthCollab LLC boosted its holdings in Criteo by 147.5% in the first quarter. WealthCollab LLC now owns 1,371 shares of the information services provider’s stock worth $25,000 after purchasing an additional 817 shares in the last quarter. Rockefeller Capital Management L.P. increased its holdings in shares of Criteo by 185.8% during the 4th quarter. Rockefeller Capital Management L.P. now owns 1,446 shares of the information services provider’s stock valued at $30,000 after acquiring an additional 940 shares during the last quarter. Integrated Wealth Concepts LLC bought a new position in shares of Criteo in the 2nd quarter valued at approximately $36,000. GAMMA Investing LLC boosted its position in Criteo by 61.1% during the second quarter. GAMMA Investing LLC now owns 3,465 shares of the information services provider’s stock worth $63,000 after purchasing an additional 1,314 shares during the period. Finally, Parallel Advisors LLC raised its position in shares of Criteo by 357.9% in the first quarter. Parallel Advisors LLC now owns 4,126 shares of the information services provider’s stock valued at $74,000 after purchasing an additional 3,225 shares during the period. Institutional investors own 94.27% of the company’s stock.
Criteo Company Profile
Criteo SA is a global commerce media and advertising technology company headquartered in Paris, France. The company helps brands, retailers and agencies engage consumers throughout the shopping journey by using data, artificial intelligence and machine learning to deliver personalized advertising and commerce experiences.
Its offerings include retail media solutions that allow retailers and marketplaces to monetize digital audiences, as well as advertising tools that help brands reach potential customers across websites, mobile applications and other digital channels.
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