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

Criteo S.A. (NASDAQ:CRTO)’s stock price dropped 3.5% on Friday . The company traded as low as $40.58 and last traded at $40.84. Approximately 253,881 shares were traded during mid-day trading, a decline of 33% from the average daily volume of 380,910 shares. The stock had previously closed at $42.34.

Analyst Ratings Changes

Several equities analysts recently commented on CRTO shares. StockNews.com raised shares of Criteo from a “hold” rating to a “buy” rating in a report on Tuesday, November 12th. DA Davidson reduced their target price on shares of Criteo from $58.00 to $53.00 and set a “buy” rating on the stock in a report on Thursday, October 31st. Macquarie increased their target price on shares of Criteo from $45.00 to $65.00 and gave the company an “outperform” rating in a report on Friday, August 2nd. BMO Capital Markets increased their target price on shares of Criteo from $45.00 to $55.00 and gave the company an “outperform” rating in a report on Friday, August 2nd. Finally, Benchmark reaffirmed a “buy” rating and set a $51.00 target price on shares of Criteo in a report on Tuesday, November 19th. Four investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $50.67.

Criteo Stock Down 3.7 %

The firm’s fifty day moving average price is $39.32 and its two-hundred day moving average price is $40.87. The stock has a market capitalization of $2.25 billion, a PE ratio of 28.80 and a beta of 1.02.

Insider Activity at Criteo

In other Criteo news, CFO Sarah Js Glickman sold 5,442 shares of Criteo stock in a transaction that occurred on Wednesday, October 23rd. The shares were sold at an average price of $40.60, for a total transaction of $220,945.20. Following the transaction, the chief financial officer now owns 313,398 shares of the company’s stock, valued at $12,723,958.80. The trade was a 1.71 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Brian Gleason sold 2,841 shares of the firm’s stock in a transaction 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 ninety days, insiders sold 21,972 shares of company stock worth $890,198. 1.71% of the stock is owned by company insiders.

Hedge Funds Weigh In On Criteo

Hedge funds have recently made changes to their positions in the business. O Shaughnessy Asset Management LLC bought a new position in shares of Criteo during the 1st quarter valued at approximately $231,000. Quadrature Capital Ltd bought a new position in shares of Criteo during the first quarter valued at approximately $213,000. Cetera Advisors LLC bought a new stake in shares of Criteo during the 1st quarter worth approximately $424,000. GAMMA Investing LLC increased its stake in Criteo by 67.3% in the second quarter. GAMMA Investing LLC now owns 738 shares of the information services provider’s stock worth $28,000 after purchasing an additional 297 shares during the period. Finally, QRG Capital Management Inc. lifted its position in shares of Criteo by 64.0% during the second quarter. QRG Capital Management Inc. now owns 15,000 shares of the information services provider’s stock worth $566,000 after purchasing an additional 5,854 shares during the last quarter. Institutional investors own 94.27% of the company’s stock.

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.