Criteo (NASDAQ:CRTO) Stock Price Up 13.2% – What’s Next?

Criteo S.A. (NASDAQ:CRTO)’s stock price shot up 13.2% during mid-day trading on Monday . The stock traded as high as $21.26 and last traded at $21.5970. 331,241 shares were traded during mid-day trading, a decline of 22% from the average session volume of 424,828 shares. The stock had previously closed at $19.08.

Wall Street Analyst Weigh In

CRTO has been the topic of a number of recent research reports. Stifel Nicolaus reduced their target price on shares of Criteo from $30.00 to $29.00 and set a “buy” rating on the stock in a research report on Monday, April 13th. Wells Fargo & Company reaffirmed an “equal weight” rating and set a $18.00 price target (down from $34.00) on shares of Criteo in a research note on Wednesday, May 6th. Citigroup reiterated a “buy” rating on shares of Criteo in a report on Tuesday. Weiss Ratings reiterated a “sell (d+)” rating on shares of Criteo in a research note on Monday, April 20th. Finally, DA Davidson reissued a “buy” rating and issued a $24.00 price target on shares of Criteo in a report on Tuesday. Five investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Criteo currently has a consensus rating of “Hold” and an average price target of $27.44.

Criteo Stock Performance

The firm has a market capitalization of $1.14 billion, a P/E ratio of 10.62 and a beta of 0.30. The stock has a fifty day moving average price of $17.83 and a two-hundred day moving average price of $18.56.

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

Insider Buying and Selling at Criteo

In related news, CFO Sarah Js Glickman sold 2,465 shares of the business’s 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 $7,367,855.74. This represents a 0.57% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. 1.52% of the stock is currently owned by corporate insiders.

Institutional Trading of Criteo

Institutional investors and hedge funds have recently made changes to their positions in the stock. Jones Financial Companies Lllp boosted its position in Criteo by 1,376.7% during the 1st quarter. Jones Financial Companies Lllp now owns 1,270 shares of the information services provider’s stock valued at $45,000 after purchasing an additional 1,184 shares during the period. Invesco Ltd. increased its position in 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 buying an additional 1,094 shares during the period. Qube Research & Technologies Ltd lifted its stake in Criteo by 145.0% in the second quarter. Qube Research & Technologies Ltd now owns 432,881 shares of the information services provider’s stock valued at $10,372,000 after buying an additional 256,227 shares during the last quarter. The Manufacturers Life Insurance Company boosted its holdings in shares of Criteo by 41.6% during the second quarter. The Manufacturers Life Insurance Company now owns 8,587 shares of the information services provider’s stock valued at $206,000 after acquiring an additional 2,524 shares during the period. Finally, Alliancebernstein L.P. boosted its holdings in shares of Criteo by 1.9% during 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 acquiring an additional 82,134 shares during the period. 94.27% of the stock is currently owned by institutional investors and hedge funds.

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.