Criteo (NASDAQ:CRTO) Shares Down 3.5% – Should You Sell?

Shares of Criteo S.A. (NASDAQ:CRTO) fell 3.5% on Friday . The company traded as low as $40.58 and last traded at $40.84. 253,881 shares were traded during trading, a decline of 33% from the average session volume of 380,910 shares. The stock had previously closed at $42.34.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on CRTO shares. Susquehanna reduced their price target on Criteo from $50.00 to $36.00 and set a “neutral” rating on the stock in a report on Thursday, October 31st. Benchmark restated a “buy” rating and issued a $51.00 price objective on shares of Criteo in a report on Tuesday, November 19th. Macquarie upped their price target on Criteo from $45.00 to $65.00 and gave the company an “outperform” rating in a research report on Friday, August 2nd. BMO Capital Markets raised their price objective on Criteo from $45.00 to $55.00 and gave the stock an “outperform” rating in a research report on Friday, August 2nd. Finally, JPMorgan Chase & Co. increased their target price on shares of Criteo from $40.00 to $50.00 and gave the company a “neutral” rating in a research report on Friday, August 2nd. Four equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $50.67.

Criteo Stock Performance

The business has a 50 day moving average of $39.32 and a two-hundred day moving average of $40.87. The firm has a market capitalization of $2.25 billion, a price-to-earnings ratio of 28.80 and a beta of 1.02.

Insiders Place Their Bets

In other news, CEO Megan Clarken sold 9,284 shares of the stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $40.36, for a total transaction of $374,702.24. Following the completion of the transaction, the chief executive officer now directly owns 509,145 shares of the company’s stock, valued at $20,549,092.20. This represents a 1.79 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Brian Gleason sold 2,841 shares of the company’s stock in a transaction that occurred on Tuesday, October 29th. The shares were sold at an average price of $41.10, for a total transaction of $116,765.10. Following the sale, the insider now owns 146,470 shares in the company, valued at $6,019,917. The trade was a 1.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 21,972 shares of company stock worth $890,198. Insiders own 1.71% of the company’s stock.

Institutional Investors Weigh In On Criteo

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Alpha DNA Investment Management LLC purchased a new position in shares of Criteo in the second quarter valued at $473,000. Seizert Capital Partners LLC purchased a new stake in shares of Criteo in the 3rd quarter valued at about $1,405,000. Inspire Investing LLC bought a new stake in shares of Criteo during the 2nd quarter valued at about $819,000. SG Americas Securities LLC purchased a new position in shares of Criteo during the second quarter worth about $248,000. Finally, Congress Asset Management Co. purchased a new position in Criteo in the 3rd quarter worth approximately $48,653,000. Institutional investors own 94.27% of the company’s stock.

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.