Criteo (NASDAQ:CRTO) Shares Gap Down – Here’s What Happened

by · The Markets Daily

Criteo S.A. (NASDAQ:CRTOGet Free Report) gapped down prior to trading on Wednesday . The stock had previously closed at $22.40, but opened at $16.46. Criteo shares last traded at $17.54, with a volume of 240,655 shares trading hands.

Analyst Ratings Changes

CRTO has been the subject of several research reports. Stifel Nicolaus reduced their target price on Criteo from $30.00 to $29.00 and set a “buy” rating for the company in a research report on Monday, April 13th. Citigroup restated a “buy” rating on shares of Criteo in a research note on Tuesday, July 7th. Wedbush began coverage on shares of Criteo in a report on Thursday, July 16th. They set an “outperform” rating and a $30.00 price objective for the company. Morgan Stanley decreased their target price on shares of Criteo from $33.00 to $29.00 and set an “equal weight” rating on the stock in a research report on Wednesday, May 13th. Finally, DA Davidson reissued a “buy” rating and issued a $24.00 target price on shares of Criteo in a research note on Tuesday, July 7th. Six investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $27.70.

Get Our Latest Research Report on CRTO

Criteo Stock Down 24.2%

The company has a market capitalization of $852.66 million, a P/E ratio of 7.93 and a beta of 0.29. The stock has a fifty day simple moving average of $19.73 and a 200-day simple moving average of $18.80.

Criteo (NASDAQ:CRTOGet Free Report) last issued its earnings results on Tuesday, March 31st. The information services provider reported $0.73 EPS for the quarter. Criteo had a net margin of 6.06% and a return on equity of 14.98%. The company had revenue of $424.64 million for the quarter. Analysts predict that Criteo S.A. will post 3.21 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CFO Sarah Js Glickman sold 2,465 shares of the firm’s stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $17.06, for a total transaction of $42,052.90. Following the completion of the sale, the chief financial officer owned 431,879 shares of the company’s stock, valued at approximately $7,367,855.74. This trade represents a 0.57% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Corporate insiders own 1.52% of the company’s stock.

Hedge Funds Weigh In On Criteo

Institutional investors have recently bought and sold shares of the business. Raymond James Financial Inc. bought a new stake in shares of Criteo during the second quarter worth $30,000. Jones Financial Companies Lllp increased its position in Criteo by 1,376.7% in the 1st quarter. Jones Financial Companies Lllp now owns 1,270 shares of the information services provider’s stock valued at $45,000 after acquiring an additional 1,184 shares in the last quarter. WealthCollab LLC raised its stake in shares of Criteo by 147.5% in the first quarter. WealthCollab LLC now owns 1,371 shares of the information services provider’s stock worth $25,000 after acquiring an additional 817 shares during the last quarter. Rockefeller Capital Management L.P. lifted its position in shares of Criteo by 185.8% during the fourth quarter. Rockefeller Capital Management L.P. now owns 1,446 shares of the information services provider’s stock worth $30,000 after purchasing an additional 940 shares in the last quarter. Finally, Parallel Advisors LLC grew its stake in shares of Criteo by 142.3% during the third quarter. Parallel Advisors LLC now owns 2,081 shares of the information services provider’s stock valued at $47,000 after purchasing an additional 1,222 shares during the last quarter. Institutional investors own 94.27% of the company’s stock.

Criteo Company Profile

(Get Free Report)

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.

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