Criteo (NASDAQ:CRTO) Shares Pass Below 200 Day Moving Average – Here’s Why

Criteo S.A. (NASDAQ:CRTO)’s share price passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $20.07 and traded as low as $16.99. Criteo shares last traded at $17.18, with a volume of 218,823 shares.

Analyst Upgrades and Downgrades

CRTO has been the subject of a number of recent analyst reports. Morgan Stanley set a $33.00 target price on shares of Criteo in a research report on Thursday, February 12th. Susquehanna set a $18.00 price target on shares of Criteo in a research report on Thursday, February 12th. BMO Capital Markets reaffirmed an “outperform” rating and issued a $35.00 price objective on shares of Criteo in a research note on Thursday, February 12th. Sanford C. Bernstein set a $43.00 price objective on shares of Criteo in a research report on Thursday, February 12th. Finally, Zacks Research downgraded shares of Criteo from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, December 2nd. Six equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned 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 $30.55.

Criteo Stock Down 2.6%

The firm has a market cap of $856.59 million, a price-to-earnings ratio of 6.48 and a beta of 0.38. The firm has a 50 day moving average of $18.46 and a 200 day moving average of $20.07.

Insider Buying and Selling at Criteo

In related news, Director Der Kooi Frederik Van acquired 5,000 shares of the stock in a transaction dated Friday, March 13th. The stock was bought at an average price 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. The trade was a 23.15% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.66% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Criteo

Large investors have recently bought and sold shares of the stock. Raymond James Financial Inc. acquired a new position in shares of Criteo during the second quarter valued at about $30,000. Jones Financial Companies Lllp grew its stake in shares of Criteo by 1,376.7% in the 1st quarter. Jones Financial Companies Lllp now owns 1,270 shares of the information services provider’s stock valued at $45,000 after buying an additional 1,184 shares during the period. Rockefeller Capital Management L.P. increased its position in Criteo by 185.8% in the 4th quarter. Rockefeller Capital Management L.P. now owns 1,446 shares of the information services provider’s stock valued at $30,000 after buying an additional 940 shares in the last quarter. Covestor Ltd increased its position in Criteo by 125.2% in the 3rd quarter. Covestor Ltd now owns 1,763 shares of the information services provider’s stock valued at $40,000 after buying an additional 980 shares in the last quarter. Finally, Parallel Advisors LLC raised its stake in Criteo by 142.3% during the 3rd 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 during the period. 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.