Criteo (NASDAQ:CRTO) Stock Passes Below 200-Day Moving Average – Should You Sell?

Criteo S.A. (NASDAQ:CRTO)’s stock price passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $18.52 and traded as low as $16.57. Criteo shares last traded at $16.70, with a volume of 338,653 shares.

Wall Street Analysts Forecast Growth

CRTO has been the subject of a number of research reports. Weiss Ratings restated a “sell (d+)” rating on shares of Criteo in a research note on Friday, July 17th. Sanford C. Bernstein lowered shares of Criteo from an “outperform” rating to a “market perform” rating and reduced their price target for the stock from $35.00 to $20.50 in a research note on Thursday, August 6th. BMO Capital Markets set a $20.00 target price on Criteo in a report on Thursday, August 6th. 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 report on Thursday, August 6th. Finally, Huber Research cut shares of Criteo from an “overweight” rating to an “underweight” rating in a report on Monday, August 24th. Six equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat.com, Criteo presently has a consensus rating of “Hold” and an average target price of $22.65.

Criteo Stock Performance

The firm’s 50 day moving average is $19.02 and its 200-day moving average is $18.52. The firm has a market cap of $818.30 million, a price-to-earnings ratio of 8.48 and a beta of 0.27.

Criteo (NASDAQ:CRTO) last issued its quarterly earnings data on Wednesday, August 5th. The information services provider reported $0.80 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 business had revenue of $428.02 million for the quarter, compared to analyst estimates of $263.40 million. During the same quarter in the prior year, the firm posted $0.92 EPS. The firm’s revenue for the quarter was down 11.3% on a year-over-year basis. As a group, research analysts predict that Criteo S.A. will post 2.58 EPS for the current year.

Insider Buying and Selling at Criteo

In other Criteo news, CEO Michael Komasinski sold 15,559 shares of the 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 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at 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 Criteo 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 $108,290.55. Following the completion of the transaction, the chief financial officer directly owned 424,612 shares in the company, valued at approximately $7,316,064.76. This represents a 1.46% 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 have sold a total of 30,725 shares of company stock worth $529,527 over the last 90 days. Insiders own 1.52% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. WealthCollab LLC grew its position in shares of Criteo by 147.5% in the first quarter. WealthCollab LLC now owns 1,371 shares of the information services provider’s stock valued at $25,000 after purchasing an additional 817 shares during the last quarter. Rockefeller Capital Management L.P. lifted its position 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 worth $30,000 after purchasing an additional 940 shares during the last quarter. State of Wyoming boosted its stake in Criteo by 10.4% during the 4th quarter. State of Wyoming now owns 13,945 shares of the information services provider’s stock valued at $287,000 after purchasing an additional 1,311 shares during the period. GAMMA Investing LLC grew its holdings in Criteo by 61.1% in the 2nd quarter. GAMMA Investing LLC now owns 3,465 shares of the information services provider’s stock valued at $63,000 after buying an additional 1,314 shares during the last quarter. Finally, Integrated Wealth Concepts LLC acquired a new stake in Criteo in the 2nd quarter valued at approximately $36,000. Institutional investors and hedge funds own 94.27% of the company’s stock.

About Criteo

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.