Criteo (NASDAQ:CRTO) Stock Price Passes Below Two Hundred Day Moving Average – What’s Next?

Criteo S.A. (NASDAQ:CRTO)’s share price passed 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 changing hands.

Wall Street Analysts Forecast Growth

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

Criteo Price Performance

The stock has a market cap of $1.05 billion, a P/E ratio of 6.71 and a beta of 0.52. The company’s 50 day simple moving average is $20.67 and its 200 day simple moving average is $22.33.

Insiders Place Their Bets

In other Criteo news, Director Ernst 02494 Teunissen purchased 4,403 shares of the company’s stock in a transaction dated Monday, November 3rd. The shares were bought at an average price of $22.71 per share, with a total value of $99,992.13. Following the completion of the transaction, the director directly owned 12,468 shares in the company, valued at $283,148.28. This trade represents a 54.59% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Ryan Damon sold 3,222 shares of Criteo stock in a transaction dated Wednesday, December 17th. The shares were sold at an average price of $21.04, for a total value of $67,790.88. Following the transaction, the insider owned 114,286 shares in the company, valued at $2,404,577.44. This trade represents a 2.74% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders acquired 11,702 shares of company stock worth $259,573 and sold 10,598 shares worth $211,697. 1.66% of the stock is owned by company insiders.

Institutional Trading of Criteo

Several hedge funds have recently bought and sold shares of CRTO. TD Private Client Wealth LLC increased its position in shares of Criteo by 21.2% during the third quarter. TD Private Client Wealth LLC now owns 2,916 shares of the information services provider’s stock worth $66,000 after acquiring an additional 511 shares in the last quarter. Robeco Institutional Asset Management B.V. raised its stake in shares of Criteo by 1.7% in the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 38,594 shares of the information services provider’s stock valued at $925,000 after purchasing an additional 655 shares during the period. TD Waterhouse Canada Inc. lifted its holdings in shares of Criteo by 6.0% in the second quarter. TD Waterhouse Canada Inc. now owns 13,683 shares of the information services provider’s stock valued at $332,000 after purchasing an additional 780 shares in the last quarter. Assetmark Inc. boosted its position in shares of Criteo by 12.0% during the second quarter. Assetmark Inc. now owns 7,317 shares of the information services provider’s stock worth $175,000 after buying an additional 785 shares during the period. Finally, Covestor Ltd grew its holdings in shares of 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. 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.