Shares of Criteo S.A. (NASDAQ:CRTO – Get Free Report) hit a new 52-week low during trading on Monday. The company traded as low as $13.95 and last traded at $14.4020, with a volume of 77,782 shares trading hands. The stock had previously closed at $14.88.
Analyst Upgrades and Downgrades
A number of analysts have recently weighed in on CRTO shares. Wedbush reduced their price target on shares of Criteo from $30.00 to $25.00 and set an “outperform” rating for the company in a research note on Thursday, August 20th. Benchmark decreased their target price on shares of Criteo from $25.00 to $21.00 and set a “buy” rating for the company in a report on Thursday, August 6th. Huber Research downgraded shares of Criteo from an “overweight” rating to an “underweight” rating in a research report on Monday, August 24th. Citigroup restated a “buy” rating on shares of Criteo in a report on Friday, August 14th. Finally, DA Davidson restated a “buy” rating and issued a $24.00 price target on shares of Criteo in a research report on Tuesday, July 7th. Six equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $22.65.
Read Our Latest Analysis on CRTO
Criteo Trading Down 3.9%
The company’s fifty day moving average is $16.46 and its 200-day moving average is $18.04. The firm has a market capitalization of $700.46 million, a P/E ratio of 7.24 and a beta of 0.29.
Criteo (NASDAQ:CRTO – Get Free Report) last released its earnings results on Wednesday, August 5th. The information services provider reported $0.80 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.71 by $0.09. Criteo had a return on equity of 14.33% and a net margin of 5.60%. The firm had revenue of $428.02 million for the quarter, compared to analyst estimates of $263.40 million. During the same quarter last year, the firm posted $0.92 EPS. The company’s revenue was down 11.3% on a year-over-year basis. On average, equities research analysts anticipate that Criteo S.A. will post 2.58 EPS for the current year.
Insider Buying and Selling
In related news, CEO Michael Komasinski sold 15,559 shares of the firm’s stock in a transaction that occurred on Thursday, August 6th. The stock was sold at an average price of $17.23, for a total transaction of $268,081.57. Following the completion of the transaction, the chief executive officer owned 345,547 shares in the company, valued at $5,953,774.81. This trade represents a 4.31% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO Sarah Glickman sold 6,285 shares of the stock in a transaction dated Thursday, August 6th. The stock was sold at an average price of $17.23, for a total transaction of $108,290.55. Following the sale, the chief financial officer owned 424,612 shares of the company’s stock, valued at $7,316,064.76. This trade represents a 1.46% decrease in their position. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold 30,725 shares of company stock valued at $529,527 over the last quarter. Corporate insiders own 1.52% of the company’s stock.
Institutional Investors Weigh In On Criteo
Institutional investors have recently modified their holdings of the business. Senvest Management LLC boosted its position in shares of Criteo by 4.5% in the 1st quarter. Senvest Management LLC now owns 4,597,322 shares of the information services provider’s stock worth $82,430,000 after purchasing an additional 200,000 shares during the last quarter. Janus Henderson Group PLC raised its position in shares of Criteo by 4.6% in the 1st quarter. Janus Henderson Group PLC now owns 1,769,644 shares of the information services provider’s stock valued at $31,774,000 after acquiring an additional 77,145 shares during the period. Arrowstreet Capital Limited Partnership boosted its stake in Criteo by 10.7% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 975,109 shares of the information services provider’s stock worth $17,484,000 after acquiring an additional 94,389 shares during the last quarter. Sei Investments Co. boosted its stake in Criteo by 47.2% during the 1st quarter. Sei Investments Co. now owns 246,026 shares of the information services provider’s stock worth $4,411,000 after acquiring an additional 78,834 shares during the last quarter. Finally, Waterfront Wealth Inc. raised its stake in Criteo by 47.4% during the 1st quarter. Waterfront Wealth Inc. now owns 208,923 shares of the information services provider’s stock worth $3,746,000 after buying an additional 67,157 shares during the period. Institutional investors and hedge funds own 94.27% of the company’s stock.
Criteo Company Profile
Criteo SA (NASDAQ: CRTO) is a global commerce media and advertising technology company headquartered in Paris, France. The company helps brands, retailers and other businesses use commerce data and artificial intelligence to reach consumers, build customer relationships and measure advertising performance across digital channels.
Criteo’s offerings include retail media solutions, which enable retailers and marketplace operators to provide sponsored product listings and other advertising placements, as well as performance media tools for campaigns across websites, mobile applications and the open internet.
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