Criteo (NASDAQ:CRTO) Trading 6.1% Higher – Here’s What Happened

Shares of Criteo S.A. (NASDAQ:CRTO) traded up 6.1% on Tuesday . The company traded as high as $17.23 and last traded at $17.2050. 342,621 shares changed hands during trading, a decline of 26% from the average session volume of 464,709 shares. The stock had previously closed at $16.21.

Analysts Set New Price Targets

Several research firms have recently issued reports on CRTO. Susquehanna set a $18.00 price target on Criteo in a research report on Thursday, February 12th. Morgan Stanley reduced their price objective on shares of Criteo from $33.00 to $29.00 and set an “equal weight” rating for the company in a research note on Wednesday, May 13th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Criteo in a research note on Monday, April 20th. Wells Fargo & Company reiterated an “equal weight” rating and set a $18.00 price target (down from $34.00) on shares of Criteo in a report on Wednesday, May 6th. Finally, Wall Street Zen downgraded shares of Criteo from a “buy” rating to a “hold” rating in a research report on Saturday, March 7th. Five research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $27.94.

Criteo Price Performance

The stock’s 50-day moving average is $17.95 and its two-hundred day moving average is $19.16. The company has a market cap of $856.10 million, a P/E ratio of 8.02 and a beta of 0.34.

Criteo (NASDAQ:CRTO) last posted its 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 during the quarter. Criteo had a net margin of 6.06% and a return on equity of 14.98%. On average, analysts predict that Criteo S.A. will post 3.12 EPS for the current year.

Insider Activity at Criteo

In other news, Director Der Kooi Frederik Van bought 5,000 shares of the stock in a transaction on 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 owned 26,600 shares in the company, valued at $473,746. The trade was a 23.15% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 1.52% of the stock is owned by insiders.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Raymond James Financial Inc. bought a new stake in Criteo during the 2nd quarter worth approximately $30,000. Jones Financial Companies Lllp boosted its position in shares of 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 purchasing an additional 1,184 shares during the period. WealthCollab LLC increased 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 purchasing an additional 817 shares in the last quarter. Rockefeller Capital Management L.P. increased its stake in shares of 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 purchasing an additional 940 shares in the last quarter. Finally, Covestor Ltd raised its position in shares of Criteo by 125.2% during the 3rd quarter. Covestor Ltd now owns 1,763 shares of the information services provider’s stock valued at $40,000 after purchasing an additional 980 shares during the period. 94.27% of the stock is currently owned by institutional investors.

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.