Criteo (NASDAQ:CRTO) Stock Passes Above 50 Day Moving Average - What's Next?

Key Points

• Criteo crossed above its 50‑day moving average ($18.23) on Tuesday, trading as high as $18.80 and last at $18.47, while the 200‑day moving average sits at $19.85.
• Analysts are mixed—six Buys, four Holds and one Sell—giving a MarketBeat consensus rating of Hold with a consensus price target of $30.55 and individual targets ranging roughly $18–$43 after recent revisions.
• Director Der Kooi Frederik Van purchased 5,000 shares at $17.81 (a 23.15% increase to his position), while institutional investors own about 94.27% of the stock; Criteo’s market cap is roughly $921.9M with a P/E of about 6.97.

Criteo S.A. (NASDAQ:CRTO - Get Free Report) crossed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $18.23 and traded as high as $18.80. Criteo shares last traded at $18.47, with a volume of 442,017 shares.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. Wells Fargo & Company reduced their target price on Criteo from $40.00 to $35.00 and set an "overweight" rating for the company in a research note on Tuesday, February 10th. Susquehanna set a $18.00 target price on Criteo in a research note on Thursday, February 12th. Wall Street Zen downgraded Criteo from a "buy" rating to a "hold" rating in a research note on Saturday, March 7th. Sanford C. Bernstein set a $43.00 target price on Criteo in a research note on Thursday, February 12th. Finally, Benchmark reduced their target price on Criteo from $38.00 to $30.00 and set a "buy" rating for the company in a research note on Tuesday, February 10th. Six equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $30.55.

Criteo Trading Down 1.0%

The company has a 50 day moving average of $18.23 and a 200-day moving average of $19.85. The firm has a market capitalization of $920.90 million, a P/E ratio of 6.97 and a beta of 0.36.

Insider Transactions at Criteo

In other news, Director Der Kooi Frederik Van purchased 5,000 shares of Criteo stock in a transaction that occurred on Friday, March 13th. The stock was acquired at an average cost of $17.81 per share, for a total transaction of $89,050.00. Following the purchase, the director directly owned 26,600 shares of the company's stock, valued at $473,746. This trade represents a 23.15% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 1.66% of the stock is owned by company insiders.

Hedge Funds Weigh In On Criteo

Several hedge funds and other institutional investors have recently added to or reduced their stakes in CRTO. Neuberger Berman Group LLC raised its holdings in Criteo by 19.8% in the 3rd quarter. Neuberger Berman Group LLC now owns 7,840,788 shares of the information services provider's stock valued at $177,176,000 after acquiring an additional 1,297,980 shares in the last quarter. Morgan Stanley raised its holdings in Criteo by 21.6% in the 4th quarter. Morgan Stanley now owns 4,723,794 shares of the information services provider's stock valued at $97,357,000 after acquiring an additional 838,523 shares in the last quarter. Millennium Management LLC raised its holdings in Criteo by 226.7% in the 3rd quarter. Millennium Management LLC now owns 1,097,465 shares of the information services provider's stock valued at $24,803,000 after acquiring an additional 761,565 shares in the last quarter. Ameriprise Financial Inc. acquired a new position in Criteo in the 3rd quarter valued at $11,926,000. Finally, Nierenberg Investment Management Company LLC raised its holdings in Criteo by 109.2% in the 4th quarter. Nierenberg Investment Management Company LLC now owns 888,888 shares of the information services provider's stock valued at $18,320,000 after acquiring an additional 463,929 shares in the last quarter. 94.27% of the stock is 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.