Criteo (NASDAQ:CRTO) Stock Price Crosses Below 200 Day Moving Average – Should You Sell?

Criteo S.A. (NASDAQ:CRTO) shares 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

A number of equities research analysts have recently issued reports on the company. StockNews.com upgraded Criteo from a “hold” rating to a “buy” rating in a research note on Tuesday, November 12th. Wells Fargo & Company began coverage on shares of Criteo in a research note on Monday, October 28th. They set an “overweight” rating and a $70.00 price objective on the stock. Benchmark restated a “buy” rating and issued a $51.00 target price on shares of Criteo in a research note on Tuesday, November 19th. Susquehanna dropped their price target on shares of 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 decreased their price objective on shares of Criteo from $58.00 to $53.00 and set a “buy” rating for the company in a research report on Thursday, October 31st. Four research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Criteo currently has an average rating of “Moderate Buy” and an average price target of $50.67.

Criteo Stock Down 0.6 %

The firm has a market capitalization of $2.17 billion, a price-to-earnings ratio of 26.76 and a beta of 1.05. The stock has a 50 day moving average of $39.64 and a 200 day moving average of $41.50.

Insider Buying and Selling at Criteo

In related news, insider Ryan Damon sold 2,793 shares of the firm’s stock in a transaction that occurred on Friday, December 13th. The stock was sold at an average price of $42.54, for a total value of $118,814.22. Following the sale, the insider now owns 115,646 shares of the company’s stock, valued at approximately $4,919,580.84. This trade represents a 2.36 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Megan Clarken sold 9,284 shares of the company’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $40.36, for a total value of $374,702.24. Following the transaction, the chief executive officer now owns 509,145 shares of the company’s stock, valued at approximately $20,549,092.20. The trade was a 1.79 % 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 worth $1,009,013 over the last 90 days. Insiders own 1.71% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Alpha DNA Investment Management LLC bought a new stake in shares of Criteo during the second quarter valued at approximately $473,000. Charles Schwab Investment Management Inc. raised its stake in Criteo by 80.0% during 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 in the last quarter. Seizert Capital Partners LLC acquired a new position in Criteo during the 3rd quarter worth $1,405,000. Stifel Financial Corp grew its stake in shares of Criteo by 263.5% in the third quarter. Stifel Financial Corp now owns 20,786 shares of the information services provider’s stock worth $836,000 after purchasing an additional 15,067 shares in the last quarter. Finally, Inspire Investing LLC acquired a new position in shares of Criteo during the second quarter valued at $819,000. 94.27% of the stock is owned by institutional investors and hedge funds.

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.