Criteo (NASDAQ:CRTO) Hits New 1-Year Low – Here’s Why

Criteo S.A. (NASDAQ:CRTO) reached a new 52-week low on Monday . The stock traded as low as $19.13 and last traded at $19.3150, with a volume of 398830 shares changing hands. The stock had previously closed at $19.88.

Wall Street Analyst Weigh In

Several analysts have issued reports on CRTO shares. DA Davidson set a $38.00 price target on Criteo in a report on Thursday, October 30th. Zacks Research raised Criteo from a “hold” rating to a “strong-buy” rating in a research report on Monday, November 3rd. BMO Capital Markets reiterated an “outperform” rating and set a $40.00 price objective on shares of Criteo in a research note on Thursday, October 30th. Benchmark decreased their target price on shares of Criteo from $42.00 to $38.00 and set a “buy” rating on the stock in a research note on Tuesday, October 28th. Finally, Weiss Ratings downgraded shares of Criteo from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, October 24th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, three have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $38.33.

Criteo Stock Up 1.7%

The firm’s fifty day moving average price is $21.01 and its 200 day moving average price is $23.03. The stock has a market cap of $1.04 billion, a PE ratio of 6.63 and a beta of 0.52.

Insider Activity at Criteo

In related news, Director Ernst 02494 Teunissen purchased 4,403 shares of the firm’s stock in a transaction on Monday, November 3rd. The shares were acquired at an average price of $22.71 per share, for a total transaction of $99,992.13. Following the purchase, the director directly owned 12,468 shares in the company, valued at $283,148.28. This trade represents a 54.59% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Sarah Js Glickman sold 3,982 shares of the firm’s stock in a transaction dated Monday, November 24th. The shares were sold at an average price of $19.51, for a total value of $77,688.82. Following the transaction, the chief financial officer owned 353,227 shares of the company’s stock, valued at approximately $6,891,458.77. The trade was a 1.11% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have purchased 11,702 shares of company stock valued at $259,573. 1.66% of the stock is currently owned by insiders.

Institutional Trading of Criteo

A number of large investors have recently added to or reduced their stakes in the company. Raymond James Financial Inc. bought a new position in shares of Criteo during the 2nd quarter valued at approximately $30,000. Jones Financial Companies Lllp raised its stake in Criteo by 1,376.7% during the first quarter. Jones Financial Companies Lllp now owns 1,270 shares of the information services provider’s stock valued at $45,000 after purchasing an additional 1,184 shares in the last quarter. Covestor Ltd raised its stake in Criteo by 125.2% during the third quarter. Covestor Ltd now owns 1,763 shares of the information services provider’s stock valued at $40,000 after purchasing an additional 980 shares in the last quarter. Parallel Advisors LLC lifted its position in Criteo by 142.3% during the third quarter. Parallel Advisors LLC now owns 2,081 shares of the information services provider’s stock valued at $47,000 after purchasing an additional 1,222 shares during the last quarter. Finally, Blue Trust Inc. grew its stake in shares of Criteo by 81.2% in the 2nd quarter. Blue Trust Inc. now owns 2,878 shares of the information services provider’s stock worth $69,000 after buying an additional 1,290 shares in the last quarter. Institutional investors own 94.27% of the company’s stock.

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.