Criteo (NASDAQ:CRTO) Stock Crosses Above 50 Day Moving Average – Here’s Why

Criteo S.A. (NASDAQ:CRTO) crossed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $20.33 and traded as high as $20.77. Criteo shares last traded at $19.49, with a volume of 574,289 shares.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the stock. BMO Capital Markets reissued an “outperform” rating and issued a $40.00 price target on shares of Criteo in a report on Thursday, October 30th. Zacks Research lowered Criteo from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, December 2nd. Benchmark dropped their price target on Criteo from $42.00 to $38.00 and set a “buy” rating for the company in a report on Tuesday, October 28th. DA Davidson set a $38.00 price objective on Criteo in a report on Thursday, October 30th. Finally, Morgan Stanley dropped their target price on Criteo from $36.00 to $34.00 and set an “equal weight” rating for the company in a report on Tuesday, January 13th. Five research analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $38.11.

Criteo Trading Down 4.9%

The firm has a 50-day moving average of $20.33 and a two-hundred day moving average of $21.86. The firm has a market capitalization of $996.91 million, a P/E ratio of 6.54 and a beta of 0.51.

Insider Activity at Criteo

In related news, Director Der Kooi Frederik Van purchased 5,000 shares of the firm’s stock in a transaction that occurred on Monday, November 10th. The shares were bought at an average cost of $21.52 per share, with a total value of $107,600.00. Following the acquisition, the director owned 21,600 shares of the company’s stock, valued at $464,832. This trade represents a 30.12% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Ryan Damon sold 3,222 shares of the company’s stock in a transaction that occurred on Wednesday, December 17th. The stock was sold at an average price of $21.04, for a total transaction of $67,790.88. Following the transaction, the insider owned 114,286 shares of the company’s stock, valued at approximately $2,404,577.44. This represents a 2.74% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders have purchased 11,702 shares of company stock valued at $259,573 and have sold 10,598 shares valued at $211,697. Corporate insiders own 1.66% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. TD Private Client Wealth LLC lifted its position in shares of Criteo by 21.2% during the 3rd quarter. TD Private Client Wealth LLC now owns 2,916 shares of the information services provider’s stock valued at $66,000 after acquiring an additional 511 shares during the period. Robeco Institutional Asset Management B.V. grew its holdings in Criteo by 1.7% in the second quarter. Robeco Institutional Asset Management B.V. now owns 38,594 shares of the information services provider’s stock worth $925,000 after purchasing an additional 655 shares during the period. TD Waterhouse Canada Inc. increased its stake in 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. increased its stake in Criteo by 12.0% in the second quarter. Assetmark Inc. now owns 7,317 shares of the information services provider’s stock valued at $175,000 after purchasing an additional 785 shares in the last quarter. Finally, Covestor Ltd raised 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 valued at $40,000 after purchasing an additional 980 shares during the period. 94.27% of the stock is currently owned by institutional investors.

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.