Criteo (NASDAQ:CRTO) Stock Passes Below Two Hundred Day Moving Average - What's Next?

Key Points

• Criteo shares slipped below their 200-day moving average of $19.56, trading as low as $18.92 and last at $19.31, a technical sign of near-term weakness (50-day MA $18.26).
• Analyst coverage is mixed with a consensus rating of "Hold" and an average price target of $30.45, while individual targets range widely ($18 to $35) and recent moves include Citigroup cutting its target to $26 and Weiss Ratings reaffirming a sell.
• A company director bought 5,000 shares at about $17.81 (a 23.15% increase in his stake), even as institutional investors own roughly 94.3% of the stock; market cap is about $963M with a P/E around 7.3.

Criteo S.A. (NASDAQ:CRTO - Get Free Report)'s stock price passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $19.56 and traded as low as $18.92. Criteo shares last traded at $19.31, with a volume of 149,913 shares trading hands.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the company. DA Davidson set a $28.50 price target on Criteo in a research report on Thursday, February 12th. Citigroup lowered their price target on Criteo from $34.00 to $26.00 and set a "buy" rating on the stock in a research report on Thursday, February 12th. Susquehanna set a $18.00 price target on Criteo in a research report on Thursday, February 12th. Weiss Ratings reaffirmed a "sell (d+)" rating on shares of Criteo in a research report on Monday, April 20th. Finally, BMO Capital Markets reaffirmed an "outperform" rating and issued a $35.00 price target on shares of Criteo in a research report on Thursday, February 12th. Six equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $30.45.

Criteo Stock Up 1.2%

The company has a market capitalization of $962.80 million, a price-to-earnings ratio of 7.29 and a beta of 0.36. The company has a 50-day moving average price of $18.26 and a 200-day moving average price of $19.56.

Insiders Place Their Bets

In other news, Director Der Kooi Frederik Van bought 5,000 shares of the firm's stock in a transaction that occurred on Friday, March 13th. The shares were acquired at an average cost of $17.81 per share, with a total value of $89,050.00. Following the completion of the transaction, the director directly owned 26,600 shares in the company, valued at $473,746. This represents a 23.15% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.66% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Criteo

Institutional investors have recently added to or reduced their stakes in the company. Rockefeller Capital Management L.P. grew its position in Criteo by 185.8% during the fourth quarter. Rockefeller Capital Management L.P. now owns 1,446 shares of the information services provider's stock worth $30,000 after buying an additional 940 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in Criteo during the second quarter worth about $30,000. Covestor Ltd grew its position in Criteo by 125.2% during the third quarter. Covestor Ltd now owns 1,763 shares of the information services provider's stock worth $40,000 after buying an additional 980 shares in the last quarter. Jones Financial Companies Lllp grew its position 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 buying an additional 1,184 shares in the last quarter. Finally, Parallel Advisors LLC grew its position in Criteo by 142.3% during the third quarter. Parallel Advisors LLC now owns 2,081 shares of the information services provider's stock worth $47,000 after buying an additional 1,222 shares in the last quarter. 94.27% of the stock is owned by institutional investors and hedge funds.

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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