Criteo (NASDAQ:CRTO) Sets New 52-Week Low – Should You Sell?

Criteo S.A. (NASDAQ:CRTO) shares hit a new 52-week low during mid-day trading on Tuesday . The company traded as low as $16.15 and last traded at $16.5450, with a volume of 184516 shares changing hands. The stock had previously closed at $17.81.

Analysts Set New Price Targets

CRTO has been the subject of a number of recent analyst reports. Benchmark decreased their price target on shares of Criteo from $38.00 to $30.00 and set a “buy” rating for the company in a research report on Tuesday, February 10th. Wells Fargo & Company decreased their price objective on shares of Criteo from $40.00 to $35.00 and set an “overweight” rating for the company in a report on Tuesday, February 10th. Wall Street Zen downgraded shares of Criteo from a “strong-buy” rating to a “buy” rating in a research report on Saturday, February 14th. Stifel Nicolaus set a $30.00 price target on shares of Criteo in a research report on Thursday, February 12th. Finally, Sanford C. Bernstein set a $43.00 price target on Criteo in a research note on Thursday, February 12th. Six research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Criteo currently has an average rating of “Hold” and an average price target of $30.55.

Criteo Stock Performance

The firm has a market cap of $896.66 million, a P/E ratio of 4.78 and a beta of 0.49. The firm has a fifty day moving average of $19.69 and a 200-day moving average of $21.13.

Insider Transactions at Criteo

In other news, insider Ryan Damon sold 3,222 shares of Criteo stock in a transaction that occurred on Wednesday, December 17th. The stock was sold at an average price of $21.04, for a total transaction of $67,790.88. Following the sale, the insider owned 114,286 shares of the company’s stock, valued at approximately $2,404,577.44. The trade was a 2.74% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Sarah Js Glickman sold 3,982 shares of the business’s stock in a transaction that occurred on Monday, November 24th. The stock was sold at an average price of $19.51, for a total value of $77,688.82. Following the transaction, the chief financial officer owned 353,227 shares of the company’s stock, valued at approximately $6,891,458.77. This represents a 1.11% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 10,598 shares of company stock worth $211,697. Corporate insiders own 1.66% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Ballast Asset Management LP bought a new stake in shares of Criteo in the 3rd quarter worth approximately $4,245,000. VELA Investment Management LLC boosted its holdings in Criteo by 22.2% during the third quarter. VELA Investment Management LLC now owns 430,165 shares of the information services provider’s stock worth $9,722,000 after buying an additional 78,225 shares in the last quarter. Robeco Institutional Asset Management B.V. grew its position in Criteo by 457.9% in the third quarter. Robeco Institutional Asset Management B.V. now owns 215,309 shares of the information services provider’s stock worth $4,866,000 after buying an additional 176,715 shares during the last quarter. Seizert Capital Partners LLC increased its holdings in shares of Criteo by 48.6% in the third quarter. Seizert Capital Partners LLC now owns 183,724 shares of the information services provider’s stock valued at $4,152,000 after buying an additional 60,067 shares in the last quarter. Finally, Neuberger Berman Group LLC increased its holdings in shares of Criteo by 6.9% in the second quarter. Neuberger Berman Group LLC now owns 6,542,808 shares of the information services provider’s stock valued at $156,766,000 after buying an additional 419,808 shares in the last quarter. 94.27% of the stock is currently owned by institutional investors.

About Criteo

Criteo is a global technology company specializing in digital performance advertising and commerce media solutions. The company provides a range of AI-driven ad products designed to help brands, retailers, and agencies deliver personalized promotional messages to consumers across web, mobile, and connected TV environments. By leveraging large-scale data analytics and machine learning algorithms, Criteo’s platform optimizes the timing, placement, and creative of ads to drive engagement and conversions.

At the core of Criteo’s offering is its dynamic retargeting solution, which enables advertisers to automatically generate and display personalized product recommendations based on user behavior.