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

Criteo S.A. (NASDAQ:CRTO) gapped down prior to trading 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 changing hands.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on CRTO. Morgan Stanley lowered their price objective on shares of Criteo from $33.00 to $29.00 and set an “equal weight” rating on the stock in a report on Wednesday, May 13th. DA Davidson set a $28.50 price objective on Criteo in a research note on Thursday, February 12th. BMO Capital Markets restated an “outperform” rating and set a $35.00 target price on shares of Criteo in a report on Thursday, February 12th. Sanford C. Bernstein set a $43.00 target price on shares of Criteo in a report on Thursday, February 12th. Finally, Wall Street Zen downgraded shares of Criteo from a “buy” rating to a “hold” rating in a report on Saturday, March 7th. Five analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $27.94.

Criteo Stock Down 1.0%

The firm has a market capitalization of $849.12 million, a price-to-earnings ratio of 7.96 and a beta of 0.32. The stock’s fifty day moving average is $17.96 and its two-hundred day moving average is $18.83.

Criteo (NASDAQ:CRTO) last issued its earnings results on Tuesday, March 31st. The information services provider reported $0.73 earnings per share for the quarter. Criteo had a net margin of 6.06% and a return on equity of 14.98%. The business had revenue of $424.64 million for the quarter. As a group, analysts anticipate that Criteo S.A. will post 3.12 EPS for the current year.

Insider Transactions at Criteo

In related news, CFO Sarah Js Glickman sold 2,465 shares of Criteo stock in a transaction dated 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. The trade was a 0.57% decrease in their position. The sale was disclosed in a filing with the SEC, 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 bought 5,000 shares of Criteo stock in a transaction that occurred on Friday, March 13th. The shares were bought at an average cost of $17.81 per share, with a total value of $89,050.00. Following the acquisition, the director directly owned 26,600 shares in the company, valued at $473,746. This trade represents a 23.15% increase in their position. The disclosure for this purchase is available in the SEC filing. Company insiders own 1.52% of the company’s stock.

Institutional Trading of Criteo

Hedge funds and other institutional investors have recently modified their holdings of the stock. WealthCollab LLC boosted its holdings in shares of Criteo by 147.5% during the 1st quarter. WealthCollab LLC now owns 1,371 shares of the information services provider’s stock worth $25,000 after buying an additional 817 shares during the period. Rockefeller Capital Management L.P. grew its holdings in Criteo by 185.8% in the 4th quarter. Rockefeller Capital Management L.P. now owns 1,446 shares of the information services provider’s stock valued at $30,000 after buying an additional 940 shares in the last quarter. Raymond James Financial Inc. acquired a new position in Criteo in the 2nd quarter valued at $30,000. Jones Financial Companies Lllp grew its holdings 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 buying an additional 1,184 shares in the last quarter. Finally, Parallel Advisors LLC boosted its position in shares of Criteo by 142.3% in the third quarter. Parallel Advisors LLC now owns 2,081 shares of the information services provider’s stock valued at $47,000 after acquiring an additional 1,222 shares during the period. Institutional investors own 94.27% of the company’s stock.

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.