Criteo (NASDAQ:CRTO) Stock Price Up 6.1% – What’s Next?

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

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on CRTO. Citigroup lowered their price objective on Criteo from $34.00 to $26.00 and set a “buy” rating for the company in a research report on Thursday, February 12th. Wells Fargo & Company reissued an “equal weight” rating and set a $18.00 target price (down from $34.00) on shares of Criteo in a research report on Wednesday, May 6th. BMO Capital Markets restated an “outperform” rating and set a $35.00 price target on shares of Criteo in a report on Thursday, February 12th. Stifel Nicolaus dropped their price target 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. Finally, Sanford C. Bernstein set a $43.00 price objective on shares of Criteo in a research note on Thursday, February 12th. Five investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $27.94.

Criteo Price Performance

The stock has a fifty day simple moving average of $18.07 and a two-hundred day simple moving average of $19.27. The firm has a market capitalization of $847.92 million, a P/E ratio of 8.02 and a beta of 0.34.

Criteo (NASDAQ:CRTO) last posted its quarterly earnings results on Tuesday, March 31st. The information services provider reported $0.73 earnings per share (EPS) for the quarter. The firm 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, sell-side analysts expect that Criteo S.A. will post 3.12 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, Director Der Kooi Frederik Van acquired 5,000 shares of the company’s stock in a transaction dated Friday, March 13th. The shares were purchased at an average price of $17.81 per share, for a total transaction of $89,050.00. Following the completion of the acquisition, the director owned 26,600 shares of the company’s stock, valued at approximately $473,746. This trade represents a 23.15% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 1.52% of the company’s stock.

Institutional Trading of Criteo

Several large investors have recently made changes to their positions in the company. Janus Henderson Group PLC raised its stake in Criteo by 4.6% during the 1st quarter. Janus Henderson Group PLC now owns 1,769,644 shares of the information services provider’s stock worth $31,774,000 after buying an additional 77,145 shares during the period. Amundi increased its holdings in shares of Criteo by 24.2% during the first quarter. Amundi now owns 69,835 shares of the information services provider’s stock valued at $1,252,000 after acquiring an additional 13,623 shares in the last quarter. Senvest Management LLC increased its holdings in shares of Criteo by 4.5% during the first quarter. Senvest Management LLC now owns 4,597,322 shares of the information services provider’s stock valued at $82,430,000 after acquiring an additional 200,000 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its position in shares of Criteo by 10.7% during the first quarter. Arrowstreet Capital Limited Partnership now owns 975,109 shares of the information services provider’s stock worth $17,484,000 after purchasing an additional 94,389 shares during the period. Finally, Sei Investments Co. lifted its holdings in shares of Criteo by 47.2% in the 1st quarter. Sei Investments Co. now owns 246,026 shares of the information services provider’s stock worth $4,411,000 after purchasing an additional 78,834 shares in the last quarter. 94.27% of the stock is currently 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.