Criteo (NASDAQ:CRTO) Sets New 52-Week Low – What’s Next?

Criteo S.A. (NASDAQ:CRTO)’s stock price reached a new 52-week low during mid-day trading on Monday. The company traded as low as $13.95 and last traded at $14.4020, with a volume of 77,782 shares changing hands. The stock had previously closed at $14.88.

Wall Street Analyst Weigh In

Several research analysts recently commented on the company. Huber Research cut Criteo from an “overweight” rating to an “underweight” rating in a research report on Monday, August 24th. Sanford C. Bernstein cut shares of Criteo from an “outperform” rating to a “market perform” rating and lowered their target price for the stock from $35.00 to $20.50 in a report on Thursday, August 6th. Wells Fargo & Company dropped their price target on shares of Criteo from $16.00 to $15.00 and set an “equal weight” rating for the company in a research report on Tuesday. Wedbush cut their price target 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, Zacks Research raised Criteo from a “strong sell” rating to a “hold” rating in a research report on Monday, October 19th. Six investment analysts have rated the stock with a Buy rating, four have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $22.35.

Criteo Trading Down 2.1%

The firm has a 50-day moving average of $16.32 and a two-hundred day moving average of $18.20.

Criteo (NASDAQ:CRTO) last posted its quarterly earnings results on Wednesday, August 5th. The information services provider reported $0.80 earnings per share for the quarter, beating analysts’ consensus estimates of $0.71 by $0.09. The company had revenue of $428.02 million during the quarter, compared to analyst estimates of $263.40 million. The company’s revenue for the quarter was down 11.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.92 earnings per share. On average, analysts predict that Criteo S.A. will post 2.58 earnings per share for the current year.

Insider Transactions at Criteo

In other Criteo news, insider Ryan Damon sold 6,178 shares of the company’s stock in a transaction dated Thursday, August 6th. The stock was sold at an average price of $17.23, for a total value of $106,446.94. Following the completion of the transaction, the insider owned 167,765 shares of the company’s stock, valued at $2,890,590.95. This represents a 3.55% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 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 company’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 value of $108,290.55. Following the completion of the transaction, the chief financial officer directly owned 424,612 shares of the company’s stock, valued at $7,316,064.76. This 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. Over the last ninety days, insiders sold 30,877 shares of company stock worth $531,717. Corporate insiders own 1.52% of the company’s stock.

Institutional Trading of Criteo

A number of large investors have recently bought and sold shares 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 acquiring an additional 817 shares in the last quarter. Rockefeller Capital Management L.P. lifted its holdings in shares of Criteo by 185.8% in 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 in the last quarter. Integrated Wealth Concepts LLC acquired a new stake in Criteo in the 2nd quarter valued at $36,000. GAMMA Investing LLC grew its position 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 purchasing an additional 1,314 shares during the period. Finally, Parallel Advisors LLC increased its stake in Criteo by 357.9% during the 1st 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 in the last quarter. 94.27% of the stock is currently owned by institutional investors and hedge funds.

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.