Criteo (NASDAQ:CRTO) Stock Price Crosses Below Two Hundred Day Moving Average – Time to Sell?

Criteo S.A. (NASDAQ:CRTO)’s share price crossed 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 trading hands.

Analyst Upgrades and Downgrades

Several brokerages recently commented on CRTO. Susquehanna dropped their target price on Criteo from $50.00 to $36.00 and set a “neutral” rating on the stock in a report on Thursday, October 31st. Wells Fargo & Company initiated coverage on Criteo in a research note on Monday, October 28th. They issued an “overweight” rating and a $70.00 price objective on the stock. StockNews.com raised Criteo from a “hold” rating to a “buy” rating in a research note on Tuesday, November 12th. DA Davidson lowered their target price on Criteo from $58.00 to $53.00 and set a “buy” rating on the stock in a report on Thursday, October 31st. Finally, Benchmark reissued a “buy” rating and issued a $51.00 price target on shares of Criteo in a report on Tuesday, November 19th. Four investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $50.67.

Criteo Stock Down 0.6 %

The firm’s 50-day moving average price is $39.64 and its two-hundred day moving average price is $41.50. The firm has a market capitalization of $2.17 billion, a PE ratio of 26.76 and a beta of 1.05.

Insiders Place Their Bets

In other news, insider Brian Gleason sold 2,841 shares of the company’s stock in a transaction dated Tuesday, October 29th. The stock was sold at an average price of $41.10, for a total value of $116,765.10. Following the transaction, the insider now owns 146,470 shares in the company, valued at $6,019,917. This represents a 1.90 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Megan Clarken sold 9,284 shares of the firm’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $40.36, for a total transaction of $374,702.24. Following the sale, the chief executive officer now owns 509,145 shares of the company’s stock, valued at approximately $20,549,092.20. This represents a 1.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 24,765 shares of company stock worth $1,009,013. Corporate insiders own 1.71% of the company’s stock.

Institutional Trading of Criteo

Several hedge funds and other institutional investors have recently modified their holdings of CRTO. JPMorgan Chase & Co. increased its stake in shares of Criteo by 31.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 337,880 shares of the information services provider’s stock worth $13,596,000 after purchasing an additional 80,424 shares during the last quarter. Lord Abbett & CO. LLC increased its position in Criteo by 42.0% during the third quarter. Lord Abbett & CO. LLC now owns 1,853,068 shares of the information services provider’s stock worth $74,567,000 after buying an additional 547,718 shares during the last quarter. 272 Capital LP bought a new position in Criteo during the third quarter valued at about $1,141,000. Barclays PLC lifted its position in shares of Criteo by 40.6% in the third quarter. Barclays PLC now owns 6,186 shares of the information services provider’s stock worth $249,000 after buying an additional 1,787 shares during the last quarter. Finally, Geode Capital Management LLC boosted its stake in shares of Criteo by 1.1% during the 3rd quarter. Geode Capital Management LLC now owns 49,143 shares of the information services provider’s stock worth $1,978,000 after acquiring an additional 518 shares in the last quarter. 94.27% of the stock is currently owned by hedge funds and other institutional investors.

Criteo Company Profile

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.