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

Shares of Criteo S.A. (NASDAQ:CRTO) gapped up prior to trading on Tuesday . The stock had previously closed at $17.66, but opened at $18.46. Criteo shares last traded at $18.28, with a volume of 11,251 shares changing hands.

Analyst Ratings Changes

CRTO has been the subject of several research reports. Stifel Nicolaus cut their price objective on Criteo from $30.00 to $29.00 and set a “buy” rating for the company in a research report on Monday, April 13th. Wells Fargo & Company reiterated an “equal weight” rating and set a $18.00 target price (down from $34.00) on shares of Criteo in a report on Wednesday, May 6th. Morgan Stanley dropped their price target 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. Wall Street Zen cut Criteo from a “buy” rating to a “hold” rating in a report on Saturday, March 7th. Finally, Benchmark reduced their price objective on Criteo from $30.00 to $25.00 and set a “buy” rating on the stock in a research report on Thursday, May 7th. Five analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $27.44.

Criteo Price Performance

The company’s 50-day moving average is $17.72 and its 200-day moving average is $18.58. The firm has a market capitalization of $916.63 million, a price-to-earnings ratio of 8.53 and a beta of 0.32.

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

Insider Activity

In other news, CFO Sarah Js Glickman sold 2,465 shares of the company’s stock in a transaction on Tuesday, May 26th. The stock was 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 directly owned 431,879 shares in the company, valued at $7,367,855.74. This represents a 0.57% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. 1.52% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Criteo

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Robeco Institutional Asset Management B.V. grew its holdings in shares of Criteo by 130.8% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 497,008 shares of the information services provider’s stock worth $10,243,000 after purchasing an additional 281,699 shares during the period. Waterfront Wealth Inc. increased its position in Criteo by 81.4% during the 4th quarter. Waterfront Wealth Inc. now owns 141,766 shares of the information services provider’s stock worth $2,868,000 after purchasing an additional 63,611 shares in the last quarter. VELA Investment Management LLC raised its holdings in Criteo by 28.2% in the fourth quarter. VELA Investment Management LLC now owns 551,407 shares of the information services provider’s stock valued at $11,364,000 after buying an additional 121,242 shares during the period. Cannell Capital LLC purchased a new position in Criteo in the third quarter valued at approximately $7,425,000. Finally, Neuberger Berman Group LLC lifted its position in Criteo by 19.8% during the third quarter. Neuberger Berman Group LLC now owns 7,840,788 shares of the information services provider’s stock valued at $177,176,000 after buying an additional 1,297,980 shares in the last quarter. 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.