Criteo (NASDAQ:CRTO) Stock Price Down 2.3% – Time to Sell?

Criteo S.A. (NASDAQ:CRTO)’s stock price was down 2.3% during trading on Tuesday . The stock traded as low as $40.87 and last traded at $41.25. Approximately 67,203 shares were traded during mid-day trading, a decline of 82% from the average daily volume of 377,915 shares. The stock had previously closed at $42.23.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. Wells Fargo & Company assumed coverage on Criteo in a research report on Monday, October 28th. They set an “overweight” rating and a $70.00 price objective for the company. Susquehanna lowered 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. DA Davidson reduced their price objective on shares of Criteo from $58.00 to $53.00 and set a “buy” rating for the company in a report on Thursday, October 31st. StockNews.com raised shares of Criteo from a “hold” rating to a “buy” rating in a research note on Tuesday, November 12th. Finally, Benchmark restated a “buy” rating and issued a $51.00 target price on shares of Criteo in a research report on Tuesday, November 19th. Four analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, Criteo presently has a consensus rating of “Moderate Buy” and a consensus price target of $50.67.

Criteo Stock Down 2.9 %

The business’s 50-day moving average price is $39.87 and its 200-day moving average price is $41.41. The firm has a market capitalization of $2.26 billion, a PE ratio of 27.89 and a beta of 1.05.

Insiders Place Their Bets

In other Criteo news, CEO Megan Clarken sold 9,284 shares of the firm’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $40.36, for a total value of $374,702.24. Following the sale, the chief executive officer now directly owns 509,145 shares in the company, valued at $20,549,092.20. This trade represents a 1.79 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Brian Gleason sold 2,841 shares of the business’s stock in a transaction dated Tuesday, October 29th. The shares were 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 ownership of the stock. The disclosure for this sale can be found here. Insiders sold 24,765 shares of company stock valued at $1,009,013 over the last quarter. Insiders own 1.71% of the company’s stock.

Hedge Funds Weigh In On Criteo

Hedge funds have recently modified their holdings of the stock. USA Financial Formulas acquired a new stake in Criteo in the 3rd quarter valued at about $31,000. Farther Finance Advisors LLC acquired a new position in Criteo in the third quarter valued at about $50,000. EverSource Wealth Advisors LLC raised its holdings in Criteo by 868.1% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,394 shares of the information services provider’s stock worth $53,000 after buying an additional 1,250 shares during the period. GAMMA Investing LLC boosted its stake in Criteo by 117.8% in the 3rd quarter. GAMMA Investing LLC now owns 1,607 shares of the information services provider’s stock worth $65,000 after purchasing an additional 869 shares during the period. Finally, Point72 Asset Management L.P. grew its holdings in shares of Criteo by 312.5% during the second quarter. Point72 Asset Management L.P. now owns 3,300 shares of the information services provider’s stock worth $124,000 after buying an additional 2,500 shares in the last quarter. 94.27% of the stock is owned by institutional investors and hedge funds.

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.