Criteo (NASDAQ:CRTO) Trading Down 8% – Time to Sell?

Criteo S.A. (NASDAQ:CRTO) was down 8% on Wednesday . The company 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.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on CRTO shares. Weiss Ratings reissued a “sell (d+)” rating on shares of Criteo in a report on Monday, April 20th. Wall Street Zen cut Criteo from a “buy” rating to a “hold” rating in a report on Saturday, March 7th. Stifel Nicolaus decreased their price objective on Criteo from $30.00 to $29.00 and set a “buy” rating on the stock in a report on Monday, April 13th. Sanford C. Bernstein set a $43.00 price objective on Criteo in a report on Thursday, February 12th. Finally, BMO Capital Markets reissued an “outperform” rating and set a $35.00 price objective on shares of Criteo in a report on Thursday, February 12th. Five analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $27.94.

Criteo Trading Up 0.8%

The stock has a 50 day simple moving average of $17.97 and a 200 day simple moving average of $18.86. The firm has a market capitalization of $862.06 million, a PE ratio of 8.08 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. The business had revenue of $424.64 million for the quarter. Criteo had a return on equity of 14.98% and a net margin of 6.06%. As a group, equities analysts anticipate that Criteo S.A. will post 3.12 earnings per share for the current year.

Insider Buying and Selling

In other Criteo news, CFO Sarah Js Glickman sold 2,465 shares of Criteo stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $17.06, for a total value of $42,052.90. Following the transaction, the chief financial officer directly owned 431,879 shares of the company’s stock, valued at $7,367,855.74. The trade was a 0.57% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at 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 firm’s stock in a transaction on Friday, March 13th. The stock was bought at an average cost of $17.81 per share, for a total transaction of $89,050.00. Following the completion of the purchase, the director directly owned 26,600 shares in the company, valued at approximately $473,746. This trade represents a 23.15% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. 1.52% of the stock is owned by insiders.

Hedge Funds Weigh In On Criteo

A number of large investors have recently bought and sold shares of CRTO. Neuberger Berman Group LLC increased its stake in Criteo by 19.8% in the 3rd quarter. Neuberger Berman Group LLC now owns 7,840,788 shares of the information services provider’s stock worth $177,176,000 after purchasing an additional 1,297,980 shares during the period. Morgan Stanley grew its position in shares of Criteo by 21.6% in the 4th quarter. Morgan Stanley now owns 4,723,794 shares of the information services provider’s stock worth $97,357,000 after buying an additional 838,523 shares during the last quarter. Millennium Management LLC grew its position in shares of Criteo by 226.7% in the 3rd quarter. Millennium Management LLC now owns 1,097,465 shares of the information services provider’s stock worth $24,803,000 after buying an additional 761,565 shares during the last quarter. Ameriprise Financial Inc. bought a new stake in shares of Criteo in the 3rd quarter worth approximately $11,926,000. Finally, Nierenberg Investment Management Company LLC grew its position in shares of Criteo by 109.2% in the 4th quarter. Nierenberg Investment Management Company LLC now owns 888,888 shares of the information services provider’s stock worth $18,320,000 after buying an additional 463,929 shares during the last quarter. 94.27% of the stock is owned by hedge funds and other institutional investors.

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.