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

Criteo S.A. (NASDAQ:CRTO) was up 13.2% during mid-day trading on Monday . The company 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.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the company. DA Davidson reaffirmed a “buy” rating and issued a $24.00 price target on shares of Criteo in a research report on Tuesday, June 23rd. Benchmark dropped their price target on shares of Criteo from $30.00 to $25.00 and set a “buy” rating on the stock in a research note on Thursday, May 7th. Wells Fargo & Company reaffirmed an “equal weight” rating and set a $18.00 price objective (down from $34.00) on shares of Criteo in a report on Wednesday, May 6th. Morgan Stanley lowered their target price on Criteo from $33.00 to $29.00 and set an “equal weight” rating for the company in a research report on Wednesday, May 13th. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of Criteo in a research note on Monday, April 20th. Five analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Criteo currently has an average rating of “Hold” and a consensus target price of $27.44.

Criteo Stock Performance

The company has a market capitalization of $1.13 billion, a P/E ratio of 10.35 and a beta of 0.30. The company’s fifty day simple moving average is $17.66 and its 200-day simple moving average is $18.53.

Criteo (NASDAQ:CRTO) last issued its quarterly earnings results on Tuesday, March 31st. The information services provider reported $0.73 EPS for the quarter. Criteo had a net margin of 6.06% and a return on equity of 14.98%. The firm had revenue of $424.64 million for the quarter. On average, sell-side analysts predict that Criteo S.A. will post 3.12 EPS for the current year.

Insider Buying and Selling

In related news, CFO Sarah Js Glickman sold 2,465 shares of the firm’s stock in a transaction on Tuesday, May 26th. The shares were 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 in the company, valued at approximately $7,367,855.74. This trade represents a 0.57% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Company insiders own 1.52% of the company’s stock.

Institutional Trading of Criteo

A number of large investors have recently added to or reduced their stakes in CRTO. Assetmark Inc. lifted its position in shares of Criteo by 7.6% during the 4th quarter. Assetmark Inc. now owns 8,923 shares of the information services provider’s stock worth $184,000 after buying an additional 629 shares during the last quarter. WealthCollab LLC boosted its holdings in shares of Criteo by 147.5% in the 1st quarter. WealthCollab LLC now owns 1,371 shares of the information services provider’s stock worth $25,000 after buying an additional 817 shares during the last quarter. Rockefeller Capital Management L.P. grew its stake in 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 during the period. Invesco Ltd. lifted 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 last quarter. Finally, Jones Financial Companies Lllp grew its stake in Criteo by 1,376.7% in the 1st quarter. Jones Financial Companies Lllp now owns 1,270 shares of the information services provider’s stock valued at $45,000 after acquiring an additional 1,184 shares during the period. Institutional investors own 94.27% of the company’s stock.

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.