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

Criteo S.A. (NASDAQ:CRTO)’s share price 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 trading hands.

Wall Street Analysts Forecast Growth

CRTO has been the subject of a number of recent research reports. Weiss Ratings reissued a “sell (d+)” rating on shares of Criteo in a research report on Monday, April 20th. Wells Fargo & Company reissued an “equal weight” rating and issued a $18.00 target price (down from $34.00) on shares of Criteo in a research report on Wednesday, May 6th. Susquehanna set a $18.00 target price on shares of Criteo in a research report on Thursday, February 12th. Sanford C. Bernstein set a $43.00 target price on shares of Criteo in a research report on Thursday, February 12th. Finally, Wall Street Zen cut 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 issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $27.94.

Criteo Price Performance

The company’s 50-day moving average is $17.96 and its two-hundred day moving average is $18.83. The firm has a market cap of $849.12 million, a P/E ratio of 7.96 and a beta of 0.32.

Criteo (NASDAQ:CRTO) last posted its quarterly earnings data 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 during the quarter. On average, analysts expect that Criteo S.A. will post 3.12 EPS for the current fiscal year.

Insider Activity

In other news, Director Der Kooi Frederik Van acquired 5,000 shares of the business’s stock in a transaction that occurred on Friday, March 13th. The stock was acquired at an average price of $17.81 per share, with a total value of $89,050.00. Following the completion of the transaction, the director directly owned 26,600 shares of the company’s stock, valued at $473,746. This trade represents a 23.15% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Sarah Js Glickman sold 2,465 shares of the company’s stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $17.06, for a total transaction of $42,052.90. Following the sale, the chief financial officer directly owned 431,879 shares of the company’s stock, valued at $7,367,855.74. This represents a 0.57% decrease in their position. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Corporate insiders own 1.52% of the company’s stock.

Institutional Trading of Criteo

Several large investors have recently bought and sold shares of the business. Assetmark Inc. boosted its stake in Criteo by 7.6% in the fourth quarter. Assetmark Inc. now owns 8,923 shares of the information services provider’s stock valued at $184,000 after buying an additional 629 shares in the last quarter. WealthCollab LLC lifted its holdings 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 acquiring an additional 817 shares during the last quarter. Rockefeller Capital Management L.P. lifted its holdings 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 acquiring an additional 940 shares during the last quarter. US Bancorp DE lifted its holdings in shares of Criteo by 1.1% in the third quarter. US Bancorp DE now owns 90,517 shares of the information services provider’s stock worth $2,046,000 after acquiring an additional 988 shares during the last quarter. Finally, Invesco Ltd. lifted its holdings in shares of Criteo by 7.2% in the second quarter. Invesco Ltd. now owns 16,313 shares of the information services provider’s stock worth $391,000 after acquiring an additional 1,094 shares during the last quarter. 94.27% of the stock is 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.