Criteo (NASDAQ:CRTO) Shares Cross Below Two Hundred Day Moving Average – What’s Next?

Criteo S.A. (NASDAQ:CRTO)’s stock price passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $41.50 and traded as low as $39.10. Criteo shares last traded at $39.33, with a volume of 282,350 shares traded.

Analyst Ratings Changes

CRTO has been the subject of several research reports. Wells Fargo & Company began coverage on shares of Criteo in a research report on Monday, October 28th. They issued an “overweight” rating and a $70.00 price objective for the company. DA Davidson lowered their price target on shares of Criteo from $58.00 to $53.00 and set a “buy” rating for the company in a report on Thursday, October 31st. Benchmark reaffirmed a “buy” rating and set a $51.00 price objective on shares of Criteo in a report on Tuesday, November 19th. Susquehanna lowered their target price on Criteo from $50.00 to $36.00 and set a “neutral” rating for the company in a research note on Thursday, October 31st. Finally, StockNews.com upgraded Criteo from a “hold” rating to a “buy” rating in a research report on Tuesday, November 12th. Four analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $50.67.

Criteo Price Performance

The stock has a market cap of $2.28 billion, a P/E ratio of 28.10 and a beta of 1.06. The company’s 50 day simple moving average is $39.64 and its 200 day simple moving average is $41.54.

Insider Transactions at Criteo

In other news, insider Ryan Damon sold 2,793 shares of Criteo stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of $42.54, for a total value of $118,814.22. Following the sale, the insider now directly owns 115,646 shares in the company, valued at $4,919,580.84. This trade represents a 2.36 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Sarah Js Glickman sold 5,442 shares of Criteo stock in a transaction on Wednesday, October 23rd. The shares were sold at an average price of $40.60, for a total transaction of $220,945.20. Following the completion of the sale, the chief financial officer now owns 313,398 shares in the company, valued at $12,723,958.80. The trade was a 1.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 24,765 shares of company stock valued at $1,009,013 over the last 90 days. 1.71% of the stock is owned by company insiders.

Institutional Trading of Criteo

Institutional investors and hedge funds have recently bought and sold shares of the stock. Assetmark Inc. increased its position in shares of Criteo by 8.2% during the 3rd quarter. Assetmark Inc. now owns 5,616 shares of the information services provider’s stock worth $226,000 after purchasing an additional 424 shares during the last quarter. QRG Capital Management Inc. grew its stake in shares of Criteo by 3.5% in the third quarter. QRG Capital Management Inc. now owns 15,518 shares of the information services provider’s stock valued at $624,000 after buying an additional 518 shares in the last quarter. Geode Capital Management LLC increased its holdings in Criteo by 1.1% during the third quarter. Geode Capital Management LLC now owns 49,143 shares of the information services provider’s stock worth $1,978,000 after buying an additional 518 shares during the last quarter. USA Financial Formulas bought a new stake in Criteo during the third quarter worth $31,000. Finally, GAMMA Investing LLC lifted its stake in Criteo by 117.8% in the third quarter. GAMMA Investing LLC now owns 1,607 shares of the information services provider’s stock valued at $65,000 after acquiring an additional 869 shares during 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.