Criteo (NASDAQ:CRTO) Share Price Passes Below 200-Day Moving Average - Here's What Happened

Key Points

• Criteo shares fell below their 200-day moving average of $18.69, reaching $18.07 before last trading at $19.00; the stock’s market capitalization is approximately $931 million.
• Analyst sentiment is mixed: six analysts rate Criteo a Buy, four Hold and one Sell, producing a consensus rating of Hold and an average price target of $23.15, though several firms recently reduced their targets.
• Criteo beat quarterly EPS expectations with $0.80 versus $0.71 forecast, but revenue declined 11.3% year over year to $428.02 million. Insiders sold shares primarily to cover tax withholding on vested equity awards.

Criteo S.A. (NASDAQ:CRTO - Get Free Report) shares crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $18.69 and traded as low as $18.07. Criteo shares last traded at $19.00, with a volume of 436,944 shares traded.

Analysts Set New Price Targets

Several research firms recently issued reports on CRTO. Benchmark cut their price objective on Criteo from $25.00 to $21.00 and set a "buy" rating on the stock in a report on Thursday, August 6th. Wells Fargo & Company restated 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. Sanford C. Bernstein downgraded Criteo from an "outperform" rating to a "market perform" rating and dropped their target price for the company from $35.00 to $20.50 in a research report on Thursday, August 6th. Citigroup reaffirmed a "buy" rating on shares of Criteo in a research report on Friday. Finally, DA Davidson reiterated a "buy" rating and set a $24.00 price target on shares of Criteo in a research note on Tuesday, July 7th. Six investment analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $23.15.

Criteo Price Performance

The stock's 50 day moving average is $19.70 and its two-hundred day moving average is $18.69. The stock has a market capitalization of $931 million, a PE ratio of 9.64 and a beta of 0.29.

Criteo (NASDAQ:CRTO - Get Free Report) last issued its quarterly earnings results on Wednesday, August 5th. The information services provider reported $0.80 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.71 by $0.09. Criteo had a net margin of 5.60% and a return on equity of 14.33%. The company had revenue of $428.02 million during the quarter, compared to the consensus estimate of $263.40 million. During the same quarter in the previous year, the firm earned $0.92 earnings per share. The firm's quarterly revenue was down 11.3% on a year-over-year basis. On average, equities analysts predict that Criteo S.A. will post 2.94 earnings per share for the current year.

Insider Activity

In related news, CFO Sarah Js Glickman sold 6,285 shares of the business's stock in a transaction on Thursday, August 6th. The shares were sold at an average price of $17.23, for a total transaction of $108,290.55. Following the completion of the transaction, the chief financial officer owned 424,612 shares in the company, valued at approximately $7,316,064.76. The trade was a 1.46% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Michael Komasinski sold 15,559 shares of the stock in a transaction on Thursday, August 6th. The shares were sold at an average price of $17.23, for a total value of $268,081.57. Following the completion of the transaction, the chief executive officer directly owned 345,547 shares in the company, valued at $5,953,774.81. This trade represents a 4.31% decrease in their position. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last three months, insiders have sold 30,487 shares of company stock worth $524,872. 1.52% of the stock is currently owned by corporate insiders.

Institutional Trading of Criteo

Institutional investors have recently bought and sold shares of the business. WealthCollab LLC increased 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 valued at $25,000 after acquiring an additional 817 shares during the last quarter. Rockefeller Capital Management L.P. raised its position in shares of Criteo by 185.8% during the 4th quarter. Rockefeller Capital Management L.P. now owns 1,446 shares of the information services provider's stock worth $30,000 after acquiring an additional 940 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in Criteo during the second quarter worth approximately $30,000. Jones Financial Companies Lllp lifted its stake in Criteo by 1,376.7% during the first quarter. Jones Financial Companies Lllp now owns 1,270 shares of the information services provider's stock worth $45,000 after purchasing an additional 1,184 shares during the last quarter. Finally, Parallel Advisors LLC boosted its holdings in Criteo by 142.3% in the third quarter. Parallel Advisors LLC now owns 2,081 shares of the information services provider's stock valued at $47,000 after purchasing an additional 1,222 shares in the last quarter. 94.27% of the stock is owned by hedge funds and other institutional investors.

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.

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