Criteo (NASDAQ:CRTO) Reaches New 1-Year Low After Analyst Downgrade

Criteo S.A. (NASDAQ:CRTO) hit a new 52-week low during mid-day trading on Wednesday after JPMorgan Chase & Co. lowered their price target on the stock from $48.00 to $39.00. JPMorgan Chase & Co. currently has a neutral rating on the stock. Criteo traded as low as $27.74 and last traded at $28.06, with a volume of 369524 shares trading hands. The stock had previously closed at $29.28.

CRTO has been the topic of a number of other reports. Benchmark reaffirmed a “buy” rating and issued a $51.00 price objective on shares of Criteo in a research note on Tuesday, February 4th. Wells Fargo & Company raised their price target on Criteo from $63.00 to $68.00 and gave the stock an “overweight” rating in a research report on Thursday, February 6th. StockNews.com downgraded Criteo from a “strong-buy” rating to a “buy” rating in a report on Tuesday, March 4th. Morgan Stanley raised their target price on Criteo from $42.00 to $44.00 and gave the stock an “equal weight” rating in a report on Thursday, February 6th. Finally, DA Davidson boosted their target price on Criteo from $53.00 to $57.00 and gave the stock a “buy” rating in a research report on Wednesday, February 5th. Four investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, Criteo presently has a consensus rating of “Moderate Buy” and an average target price of $51.80.

Insider Activity at Criteo

In other news, CEO Megan Clarken sold 13,823 shares of the stock in a transaction dated Thursday, February 13th. The shares were sold at an average price of $43.56, for a total transaction of $602,129.88. Following the completion of the transaction, the chief executive officer now directly owns 488,229 shares in the company, valued at $21,267,255.24. This represents a 2.75 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Brian Gleason sold 3,135 shares of the company’s stock in a transaction dated Tuesday, January 28th. The stock was sold at an average price of $36.95, for a total value of $115,838.25. Following the sale, the insider now owns 139,085 shares in the company, valued at $5,139,190.75. The trade was a 2.20 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 26,363 shares of company stock valued at $1,124,213. 1.71% of the stock is owned by corporate insiders.

Institutional Trading of Criteo

A number of large investors have recently added to or reduced their stakes in the company. Vega Investment Solutions bought a new stake in shares of Criteo in the 4th quarter valued at about $41,000. Wells Fargo & Company MN raised its stake in Criteo by 53.2% in the fourth quarter. Wells Fargo & Company MN now owns 4,192 shares of the information services provider’s stock valued at $166,000 after buying an additional 1,455 shares during the period. Palumbo Wealth Management LLC acquired a new stake in shares of Criteo in the fourth quarter valued at approximately $208,000. Two Sigma Securities LLC bought a new position in shares of Criteo during the 4th quarter worth approximately $210,000. Finally, Trexquant Investment LP bought a new position in shares of Criteo during the 4th quarter worth approximately $220,000. Institutional investors and hedge funds own 94.27% of the company’s stock.

Criteo Stock Performance

The business has a fifty day moving average of $37.85 and a two-hundred day moving average of $38.99. The firm has a market capitalization of $1.81 billion, a price-to-earnings ratio of 18.68 and a beta of 0.74.

Criteo (NASDAQ:CRTO) last posted its earnings results on Wednesday, February 5th. The information services provider reported $1.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.37 by $0.04. Criteo had a net margin of 5.08% and a return on equity of 16.37%. As a group, sell-side analysts predict that Criteo S.A. will post 3.09 EPS for the current fiscal year.

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.