Criteo (NASDAQ:CRTO) Shares Down 8% – What’s Next?

Criteo S.A. (NASDAQ:CRTO) shares dropped 8% on Wednesday . The stock traded as low as $17.21 and last traded at $17.21. Approximately 75,812 shares changed hands during trading, a decline of 83% from the average daily volume of 449,665 shares. The stock had previously closed at $18.71.

Analyst Upgrades and Downgrades

CRTO has been the topic of several research reports. Benchmark dropped their price objective on shares of Criteo from $30.00 to $25.00 and set a “buy” rating on the stock in a research note on Thursday, May 7th. Stifel Nicolaus dropped their price objective on shares of Criteo from $30.00 to $29.00 and set a “buy” rating on the stock in a research note on Monday, April 13th. Susquehanna set a $18.00 price objective on shares of Criteo in a research note on Thursday, February 12th. Wall Street Zen lowered Criteo from a “buy” rating to a “hold” rating in a research report on Saturday, March 7th. Finally, Citigroup dropped their target price on Criteo from $34.00 to $26.00 and set a “buy” rating on the stock in a research report on Thursday, February 12th. Five investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $27.94.

Criteo Stock Down 8.8%

The firm’s 50 day simple moving average is $17.95 and its 200 day simple moving average is $18.95. The company has a market cap of $850.61 million, a price-to-earnings ratio of 7.97 and a beta of 0.32.

Criteo (NASDAQ:CRTO) last announced its quarterly 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 anticipate that Criteo S.A. will post 3.12 EPS 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 on Tuesday, May 26th. The stock was sold at an average price of $17.06, for a total transaction of $42,052.90. Following the transaction, the chief financial officer directly 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Der Kooi Frederik Van purchased 5,000 shares of the stock in a transaction dated Friday, March 13th. The shares were acquired at an average cost of $17.81 per share, for a total transaction of $89,050.00. Following the completion of the acquisition, the director directly owned 26,600 shares of the company’s stock, valued at approximately $473,746. This trade represents a 23.15% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. 1.52% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of CRTO. WealthCollab LLC grew its holdings in Criteo by 147.5% during 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 period. Rockefeller Capital Management L.P. grew its position in Criteo by 185.8% in the fourth quarter. Rockefeller Capital Management L.P. now owns 1,446 shares of the information services provider’s stock worth $30,000 after buying an additional 940 shares during the last quarter. Raymond James Financial Inc. acquired a new position in Criteo in the second quarter worth approximately $30,000. Jones Financial Companies Lllp grew its position in Criteo by 1,376.7% in the first quarter. Jones Financial Companies Lllp now owns 1,270 shares of the information services provider’s stock worth $45,000 after buying an additional 1,184 shares during the last quarter. Finally, Parallel Advisors LLC grew its position in Criteo by 142.3% in the third quarter. Parallel Advisors LLC now owns 2,081 shares of the information services provider’s stock worth $47,000 after buying an additional 1,222 shares during the last quarter. 94.27% of the stock is owned by institutional investors and hedge funds.

Criteo Company Profile

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.