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

Criteo S.A. (NASDAQ:CRTO) shares dropped 2.3% on Tuesday . The company traded as low as $40.87 and last traded at $41.25. Approximately 67,203 shares changed hands during trading, a decline of 82% from the average daily volume of 377,915 shares. The stock had previously closed at $42.23.

Wall Street Analysts Forecast Growth

CRTO has been the subject of several recent analyst reports. Wells Fargo & Company initiated coverage on shares of Criteo in a research note on Monday, October 28th. They issued an “overweight” rating and a $70.00 target price for the company. StockNews.com upgraded shares of Criteo from a “hold” rating to a “buy” rating in a research report on Tuesday, November 12th. Benchmark reiterated a “buy” rating and issued a $51.00 price target on shares of Criteo in a research note on Tuesday, November 19th. Susquehanna lowered their price objective on Criteo from $50.00 to $36.00 and set a “neutral” rating on the stock in a research note on Thursday, October 31st. Finally, DA Davidson reduced 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. Four investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $50.67.

Criteo Trading Down 2.9 %

The stock has a market capitalization of $2.26 billion, a price-to-earnings ratio of 27.89 and a beta of 1.05. The company’s 50-day simple moving average is $39.87 and its 200-day simple moving average is $41.41.

Insider Buying and Selling

In other news, insider Ryan Damon sold 2,885 shares of Criteo stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $40.36, for a total value of $116,438.60. Following the completion of the transaction, the insider now directly owns 118,334 shares of the company’s stock, valued at approximately $4,775,960.24. This trade represents a 2.38 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Sarah Js Glickman sold 5,442 shares of the business’s stock in a transaction dated Wednesday, October 23rd. The shares were sold at an average price of $40.60, for a total value of $220,945.20. Following the completion of the transaction, the chief financial officer now directly owns 313,398 shares in the company, valued at $12,723,958.80. This represents a 1.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 24,765 shares of company stock valued at $1,009,013 in the last three months. Insiders own 1.71% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of CRTO. Assetmark Inc. grew its position in Criteo by 8.2% in the 3rd quarter. Assetmark Inc. now owns 5,616 shares of the information services provider’s stock valued at $226,000 after purchasing an additional 424 shares during the period. QRG Capital Management Inc. lifted its position in Criteo by 3.5% in the 3rd quarter. QRG Capital Management Inc. now owns 15,518 shares of the information services provider’s stock valued at $624,000 after acquiring an additional 518 shares in the last quarter. Geode Capital Management LLC boosted its stake in Criteo by 1.1% during the 3rd quarter. Geode Capital Management LLC now owns 49,143 shares of the information services provider’s stock valued at $1,978,000 after purchasing an additional 518 shares during the last quarter. Waterfront Wealth Inc. increased its holdings in Criteo by 1.2% during the 2nd quarter. Waterfront Wealth Inc. now owns 58,280 shares of the information services provider’s stock worth $2,198,000 after purchasing an additional 686 shares in the last quarter. Finally, USA Financial Formulas purchased a new stake in shares of Criteo in the third quarter worth approximately $31,000. 94.27% of the stock is owned by institutional investors.

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.