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

Shares of Criteo S.A. (NASDAQ:CRTO) hit a new 52-week low 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 changing hands. The stock had previously closed at $29.28.

Several other research firms have also recently weighed in on CRTO. BMO Capital Markets increased their price target on shares of Criteo from $48.00 to $60.00 and gave the company an “outperform” rating in a research note on Thursday, February 6th. Morgan Stanley raised their target price on Criteo from $42.00 to $44.00 and gave the stock an “equal weight” rating in a research note on Thursday, February 6th. Benchmark reaffirmed a “buy” rating and issued a $51.00 price target on shares of Criteo in a research note on Tuesday, February 4th. StockNews.com downgraded Criteo from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, March 4th. Finally, DA Davidson boosted their price objective on shares of Criteo from $53.00 to $57.00 and gave the company a “buy” rating in a report on Wednesday, February 5th. Four research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, Criteo presently has a consensus rating of “Moderate Buy” and a consensus price target of $51.80.

Insider Activity at Criteo

In other news, CEO Megan Clarken sold 7,481 shares of the company’s stock in a transaction on Tuesday, February 11th. The stock was sold at an average price of $44.51, for a total transaction of $332,979.31. Following the sale, the chief executive officer now owns 502,052 shares of the company’s stock, valued at approximately $22,346,334.52. This represents a 1.47 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Brian Gleason sold 3,135 shares of Criteo stock in a transaction on Tuesday, January 28th. The shares were sold at an average price of $36.95, for a total value of $115,838.25. Following the completion of the transaction, the insider now owns 139,085 shares of the company’s stock, valued at approximately $5,139,190.75. This trade represents a 2.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 26,363 shares of company stock worth $1,124,213 in the last three months. 1.71% of the stock is owned by company insiders.

Institutional Investors Weigh In On Criteo

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

Criteo Stock Performance

The company’s 50-day moving average price is $38.11 and its 200-day moving average price is $39.12. The firm has a market capitalization of $1.62 billion, a PE ratio of 16.70 and a beta of 0.74.

Criteo (NASDAQ:CRTO) last announced its quarterly 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 return on equity of 16.37% and a net margin of 5.08%. As a group, analysts anticipate that Criteo S.A. will post 3.09 earnings per share for the current year.

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.