Criteo (NASDAQ:CRTO) Shares Gap Down – Time to Sell?

Criteo S.A. (NASDAQ:CRTO) gapped down before the market opened on Tuesday . The stock had previously closed at $17.73, but opened at $17.14. Criteo shares last traded at $17.1950, with a volume of 6,595 shares.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on CRTO shares. Wells Fargo & Company restated an “equal weight” rating and set a $18.00 target price (down from $34.00) on shares of Criteo in a research note on Wednesday, May 6th. Weiss Ratings restated a “sell (d+)” rating on shares of Criteo in a research note on Monday, April 20th. Benchmark cut their target price on Criteo from $30.00 to $25.00 and set a “buy” rating for the company in a research note on Thursday, May 7th. Stifel Nicolaus cut their target price on Criteo from $30.00 to $29.00 and set a “buy” rating for the company in a research note on Monday, April 13th. Finally, Citigroup cut their target price on Criteo from $34.00 to $26.00 and set a “buy” rating for the company in a research note on Thursday, February 12th. Five investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $27.94.

Criteo Price Performance

The firm’s fifty day moving average price is $17.96 and its 200-day moving average price is $18.80. The company has a market capitalization of $879.01 million, a price-to-earnings ratio of 8.24 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 earnings per share (EPS) for the quarter. The company had revenue of $424.64 million during the quarter. Criteo had a net margin of 6.06% and a return on equity of 14.98%. On average, research analysts predict that Criteo S.A. will post 3.12 earnings per share for the current year.

Insider Buying and Selling at Criteo

In other news, CFO Sarah Js Glickman sold 2,465 shares of the company’s stock in a transaction 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 transaction, the chief financial officer directly owned 431,879 shares in the company, valued at approximately $7,367,855.74. This represents a 0.57% decrease in their ownership of the stock. The sale was disclosed in a filing 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 bought at an average price of $17.81 per share, with a total value 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 represents a 23.15% increase in their position. The disclosure for this purchase is available in the SEC filing. 1.52% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Neuberger Berman Group LLC increased its holdings in Criteo by 19.8% in the third quarter. Neuberger Berman Group LLC now owns 7,840,788 shares of the information services provider’s stock valued at $177,176,000 after purchasing an additional 1,297,980 shares during the period. Morgan Stanley increased its holdings in Criteo by 21.6% in the fourth quarter. Morgan Stanley now owns 4,723,794 shares of the information services provider’s stock valued at $97,357,000 after purchasing an additional 838,523 shares during the period. Senvest Management LLC increased its holdings in Criteo by 4.5% in the first quarter. Senvest Management LLC now owns 4,597,322 shares of the information services provider’s stock valued at $82,430,000 after purchasing an additional 200,000 shares during the period. Alliancebernstein L.P. increased its holdings in Criteo by 1.9% in the second quarter. Alliancebernstein L.P. now owns 4,411,988 shares of the information services provider’s stock valued at $105,711,000 after purchasing an additional 82,134 shares during the period. Finally, DNB Asset Management AS increased its holdings in Criteo by 2.9% in the fourth quarter. DNB Asset Management AS now owns 4,258,161 shares of the information services provider’s stock valued at $87,761,000 after purchasing an additional 121,477 shares during the period. 94.27% of the stock is currently owned by institutional investors and hedge funds.

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.