Criteo (NASDAQ:CRTO) Sets New 1-Year Low – Time to Sell?

Criteo S.A. (NASDAQ:CRTO) shares reached a new 52-week low during trading on Tuesday. The stock traded as low as $15.52 and last traded at $15.56, with a volume of 46720 shares trading hands. The stock had previously closed at $15.80.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. Citigroup reaffirmed a “buy” rating on shares of Criteo in a research note on Friday, August 14th. BMO Capital Markets set a $20.00 target price on shares of Criteo in a research report on Thursday, August 6th. Benchmark lowered their price target on shares of Criteo from $25.00 to $21.00 and set a “buy” rating on the stock in a research note on Thursday, August 6th. Morgan Stanley cut their price target on shares of Criteo from $29.00 to $25.00 and set an “equal weight” rating on the stock in a research report on Thursday, August 6th. Finally, DA Davidson reaffirmed a “buy” rating and issued a $24.00 target price on shares of Criteo in a research report on Tuesday, July 7th. Six investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $22.65.

Criteo Trading Down 1.9%

The company has a market cap of $759.25 million, a price-to-earnings ratio of 7.85 and a beta of 0.27. The business’s 50 day moving average price is $18.28 and its 200-day moving average price is $18.41.

Criteo (NASDAQ:CRTO) last posted its earnings results on Wednesday, August 5th. The information services provider reported $0.80 EPS for the quarter, beating the consensus estimate of $0.71 by $0.09. The company had revenue of $428.02 million for the quarter, compared to the consensus estimate of $263.40 million. Criteo had a return on equity of 14.33% and a net margin of 5.60%.The firm’s revenue for the quarter was down 11.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.92 earnings per share. Equities research analysts forecast that Criteo S.A. will post 2.58 EPS for the current fiscal year.

Insider Buying and Selling at Criteo

In other Criteo news, insider Ryan Damon sold 6,178 shares of the 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 $106,446.94. Following the transaction, the insider owned 167,765 shares in the company, 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 SEC, which is available at this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Michael Komasinski sold 1,656 shares of the firm’s stock in a transaction that occurred on Friday, August 28th. The stock was sold at an average price of $17.28, for a total transaction of $28,615.68. Following the transaction, the chief executive officer directly owned 343,891 shares in the company, valued at $5,942,436.48. This represents a 0.48% decrease in their ownership of the stock. 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 in the last quarter. Company insiders own 1.52% of the company’s stock.

Institutional Trading of Criteo

A number of institutional investors have recently modified their holdings of the stock. Senvest Management LLC increased its stake in Criteo by 4.5% in the first quarter. Senvest Management LLC now owns 4,597,322 shares of the information services provider’s stock valued at $82,430,000 after acquiring an additional 200,000 shares during the last quarter. Janus Henderson Group PLC raised its holdings in shares of Criteo by 4.6% during the 1st quarter. Janus Henderson Group PLC now owns 1,769,644 shares of the information services provider’s stock worth $31,774,000 after buying an additional 77,145 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its stake in Criteo by 10.7% in the first quarter. Arrowstreet Capital Limited Partnership now owns 975,109 shares of the information services provider’s stock valued at $17,484,000 after buying an additional 94,389 shares in the last quarter. Sei Investments Co. grew its position in Criteo by 47.2% in the first quarter. Sei Investments Co. now owns 246,026 shares of the information services provider’s stock valued at $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 first quarter. Waterfront Wealth Inc. now owns 208,923 shares of the information services provider’s stock worth $3,746,000 after acquiring an additional 67,157 shares in the last quarter. 94.27% of the stock is currently owned by institutional investors.

Criteo Company Profile

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.