Criteo S.A. (CRTO) Reaches New 12-Month Low at $33.99

Criteo S.A. (NASDAQ:CRTO) shares hit a new 52-week low during mid-day trading on Monday . The stock traded as low as $33.99 and last traded at $35.11, with a volume of 630300 shares traded. The stock had previously closed at $34.32.

Several research analysts recently issued reports on the stock. Morgan Stanley reiterated an “equal weight” rating and set a $46.00 price target (down previously from $50.00) on shares of Criteo in a research report on Monday, October 2nd. BidaskClub cut Criteo from a “hold” rating to a “sell” rating in a research note on Saturday, August 5th. Cowen and Company reissued a “buy” rating and set a $60.00 target price on shares of Criteo in a research note on Friday, July 28th. Royal Bank Of Canada reaffirmed a “buy” rating and set a $60.00 price target on shares of Criteo in a research report on Monday, July 31st. Finally, Zacks Investment Research downgraded Criteo from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 4th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and seven have given a buy rating to the company’s stock. Criteo presently has an average rating of “Hold” and a consensus price target of $54.32.

The company has a market capitalization of $2,069.47, a price-to-earnings ratio of 22.50, a price-to-earnings-growth ratio of 1.03 and a beta of 2.64.

In other Criteo news, CFO Benoit Fouilland sold 6,250 shares of the business’s stock in a transaction on Monday, October 16th. The stock was sold at an average price of $46.02, for a total value of $287,625.00. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Jean-Baptiste Rudelle sold 103,533 shares of the business’s stock in a transaction on Thursday, August 24th. The stock was sold at an average price of $47.90, for a total value of $4,959,230.70. The disclosure for this sale can be found here. Insiders have sold 157,358 shares of company stock valued at $7,082,369 in the last quarter. 5.60% of the stock is currently owned by corporate insiders.

Large investors have recently added to or reduced their stakes in the stock. BNP Paribas Arbitrage SA increased its stake in Criteo by 53.4% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 15,035 shares of the information services provider’s stock worth $737,000 after acquiring an additional 5,233 shares during the last quarter. Todd Asset Management LLC boosted its holdings in Criteo by 29.7% during the 2nd quarter. Todd Asset Management LLC now owns 163,861 shares of the information services provider’s stock valued at $8,038,000 after acquiring an additional 37,550 shares during the period. Edmond DE Rothschild Holding S.A. boosted its holdings in Criteo by 24.2% during the 2nd quarter. Edmond DE Rothschild Holding S.A. now owns 308,873 shares of the information services provider’s stock valued at $15,150,000 after acquiring an additional 60,260 shares during the period. Geode Capital Management LLC lifted its holdings in Criteo by 17.9% in the 1st quarter. Geode Capital Management LLC now owns 32,248 shares of the information services provider’s stock worth $1,612,000 after buying an additional 4,888 shares during the period. Finally, Letko Brosseau & Associates Inc. purchased a new stake in Criteo in the 2nd quarter worth approximately $17,235,000. Institutional investors own 87.45% of the company’s stock.

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About Criteo

Criteo SA is a France-based company specializing in digital performance marketing. Its solution consists of the Criteo Engine, the Company’s data assets, access to inventory, and its advertiser and publisher platforms. The Criteo Engine consists of various machine learning algorithms, such as prediction, recommendation, bidding and creative algorithms and the global hardware and software infrastructure.

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