Criteo (NASDAQ:CRTO) Shares Cross Below 200-Day Moving Average – Should You Sell?

Criteo S.A. (NASDAQ:CRTO) passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $41.50 and traded as low as $39.10. Criteo shares last traded at $39.33, with a volume of 282,350 shares traded.

Analysts Set New Price Targets

Several analysts have issued reports on the company. Wells Fargo & Company assumed coverage on Criteo in a research note on Monday, October 28th. They issued an “overweight” rating and a $70.00 price objective on the stock. StockNews.com raised Criteo from a “hold” rating to a “buy” rating in a report on Tuesday, November 12th. Susquehanna reduced their price objective on shares of Criteo from $50.00 to $36.00 and set a “neutral” rating for the company in a research report on Thursday, October 31st. Benchmark reissued a “buy” rating and issued a $51.00 price objective on shares of Criteo in a research report on Tuesday, November 19th. Finally, DA Davidson reduced their target price 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. Four equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $50.67.

Criteo Trading Up 5.0 %

The firm has a market cap of $2.28 billion, a price-to-earnings ratio of 28.10 and a beta of 1.06. The firm’s 50 day simple moving average is $39.64 and its two-hundred day simple moving average is $41.54.

Insider Activity

In related news, CFO Sarah Js Glickman sold 5,442 shares of the company’s stock in a transaction dated Wednesday, October 23rd. The shares were sold at an average price of $40.60, for a total transaction of $220,945.20. Following the completion of the sale, the chief financial officer now owns 313,398 shares of the company’s stock, valued at $12,723,958.80. This represents a 1.71 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Megan Clarken sold 9,284 shares of the stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $40.36, for a total transaction of $374,702.24. Following the sale, the chief executive officer now owns 509,145 shares in the company, valued at $20,549,092.20. This represents a 1.79 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 24,765 shares of company stock worth $1,009,013. Corporate insiders own 1.71% of the company’s stock.

Hedge Funds Weigh In On Criteo

A number of institutional investors have recently modified their holdings of CRTO. Alpha DNA Investment Management LLC bought a new position in Criteo in the 2nd quarter valued at approximately $473,000. Charles Schwab Investment Management Inc. lifted its stake in shares of Criteo by 80.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 48,395 shares of the information services provider’s stock valued at $1,947,000 after acquiring an additional 21,509 shares during the last quarter. Seizert Capital Partners LLC acquired a new stake in shares of Criteo during the 3rd quarter valued at $1,405,000. Stifel Financial Corp grew its position in Criteo by 263.5% during the 3rd quarter. Stifel Financial Corp now owns 20,786 shares of the information services provider’s stock worth $836,000 after acquiring an additional 15,067 shares during the last quarter. Finally, Inspire Investing LLC acquired a new position in Criteo in the 2nd quarter worth about $819,000. Institutional investors and hedge funds own 94.27% of the company’s stock.

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.