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

Criteo S.A. (NASDAQ:CRTO)’s stock 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 Ratings Changes

CRTO has been the subject of several recent research reports. Sanford C. Bernstein set a $43.00 price objective on Criteo in a report on Thursday, February 12th. Wells Fargo & Company cut their target price on Criteo from $40.00 to $35.00 and set an “overweight” rating on the stock in a report on Tuesday, February 10th. Stifel Nicolaus set a $30.00 price target on shares of Criteo in a research report on Thursday, February 12th. DA Davidson set a $28.50 price target on shares of Criteo in a research note on Thursday, February 12th. Finally, Susquehanna set a $18.00 price objective on shares of Criteo in a report on Thursday, February 12th. Six analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $30.55.

Criteo Stock Down 2.6%

The firm has a 50 day moving average price of $18.46 and a 200 day moving average price of $20.07. The stock has a market capitalization of $856.59 million, a PE ratio of 6.48 and a beta of 0.38.

Insider Buying and Selling

In related news, Director Der Kooi Frederik Van purchased 5,000 shares of the stock in a transaction that occurred on Friday, March 13th. The stock was acquired at an average cost of $17.81 per share, with a total value of $89,050.00. Following the transaction, the director owned 26,600 shares of the company’s stock, valued at $473,746. This represents a 23.15% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 1.66% of the company’s stock.

Institutional Trading of Criteo

Institutional investors have recently made changes to their positions in the company. Rockefeller Capital Management L.P. raised its holdings in shares of Criteo by 185.8% in the fourth quarter. Rockefeller Capital Management L.P. now owns 1,446 shares of the information services provider’s stock valued at $30,000 after purchasing an additional 940 shares during the last quarter. Raymond James Financial Inc. purchased a new position in Criteo during the second quarter worth about $30,000. Covestor Ltd boosted its holdings 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 purchasing an additional 980 shares during the last quarter. Jones Financial Companies Lllp grew its position in 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 worth $45,000 after purchasing an additional 1,184 shares in the last quarter. Finally, Parallel Advisors LLC grew its position in Criteo by 142.3% in the 3rd quarter. Parallel Advisors LLC now owns 2,081 shares of the information services provider’s stock worth $47,000 after purchasing an additional 1,222 shares in the last quarter. Institutional investors own 94.27% of the company’s stock.

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.