Criteo (NASDAQ:CRTO) Stock Crosses Below Two Hundred Day Moving Average – Should You Sell?

Criteo S.A. (NASDAQ:CRTO)’s stock price crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $22.33 and traded as low as $19.80. Criteo shares last traded at $20.01, with a volume of 308,712 shares trading hands.

Wall Street Analyst Weigh In

Several research firms recently commented on CRTO. Zacks Research lowered shares of Criteo from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 2nd. BMO Capital Markets reissued an “outperform” rating and set a $40.00 target price on shares of Criteo in a research note on Thursday, October 30th. DA Davidson set a $38.00 price target on Criteo in a research note on Thursday, October 30th. Weiss Ratings downgraded Criteo from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday, October 24th. Finally, Benchmark dropped their price objective on Criteo from $42.00 to $38.00 and set a “buy” rating on the stock in a report on Tuesday, October 28th. Five investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $38.33.

Criteo Stock Down 0.2%

The stock’s 50-day moving average price is $20.67 and its 200 day moving average price is $22.30. The firm has a market capitalization of $1.05 billion, a price-to-earnings ratio of 6.71 and a beta of 0.52.

Insider Buying and Selling at Criteo

In other Criteo news, Director Ernst 02494 Teunissen bought 4,403 shares of the firm’s stock in a transaction on Monday, November 3rd. The shares were acquired at an average cost of $22.71 per share, with a total value of $99,992.13. Following the purchase, the director directly owned 12,468 shares of the company’s stock, valued at $283,148.28. This trade represents a 54.59% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CFO Sarah Js Glickman sold 3,982 shares of the firm’s stock in a transaction dated Monday, November 24th. The stock was sold at an average price of $19.51, for a total transaction of $77,688.82. Following the sale, the chief financial officer owned 353,227 shares of the company’s stock, valued at approximately $6,891,458.77. The trade was a 1.11% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have purchased 11,702 shares of company stock worth $259,573 and have sold 10,598 shares worth $211,697. Insiders own 1.66% of the company’s stock.

Institutional Trading of Criteo

Several institutional investors have recently made changes to their positions in CRTO. Neuberger Berman Group LLC raised its stake in shares of Criteo by 6.9% in the 2nd quarter. Neuberger Berman Group LLC now owns 6,542,808 shares of the information services provider’s stock valued at $156,766,000 after acquiring an additional 419,808 shares during the period. SG Americas Securities LLC purchased a new position in shares of Criteo during the 2nd quarter worth approximately $725,000. Black Creek Investment Management Inc. increased its holdings in Criteo by 60.5% in the 2nd quarter. Black Creek Investment Management Inc. now owns 51,733 shares of the information services provider’s stock valued at $1,240,000 after purchasing an additional 19,500 shares during the last quarter. Invesco Ltd. raised its position in Criteo by 14.1% in the first quarter. Invesco Ltd. now owns 15,219 shares of the information services provider’s stock valued at $539,000 after purchasing an additional 1,875 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its position in Criteo by 21.9% in the first quarter. Charles Schwab Investment Management Inc. now owns 86,498 shares of the information services provider’s stock valued at $3,063,000 after purchasing an additional 15,537 shares during the period. Hedge funds and other 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.