Criteo (NASDAQ:CRTO) Shares Gap Down – Should You Sell?

Criteo S.A. (NASDAQ:CRTO)’s stock price gapped down before the market opened on Wednesday . The stock had previously closed at $22.40, but opened at $16.46. Criteo shares last traded at $17.54, with a volume of 240,655 shares trading hands.

Analyst Ratings Changes

A number of brokerages have weighed in on CRTO. Citigroup restated a “buy” rating on shares of Criteo in a report on Tuesday, July 7th. Stifel Nicolaus reduced their price objective on Criteo from $30.00 to $29.00 and set a “buy” rating on the stock in a research note on Monday, April 13th. BMO Capital Markets set a $20.00 price objective on Criteo in a report on Thursday. Sanford C. Bernstein lowered shares of Criteo from an “outperform” rating to a “market perform” rating and dropped their price objective for the company from $35.00 to $20.50 in a research note on Thursday. Finally, DA Davidson reissued a “buy” rating and issued a $24.00 price objective on shares of Criteo in a research note on Tuesday, July 7th. Six investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $23.15.

Criteo Trading Up 2.8%

The stock’s 50 day moving average price is $19.70 and its 200 day moving average price is $18.76. The firm has a market cap of $907.99 million, a PE ratio of 9.13 and a beta of 0.29.

Criteo (NASDAQ:CRTO) last posted its quarterly earnings data on Wednesday, August 5th. The information services provider reported $0.80 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.71 by $0.09. Criteo had a return on equity of 14.30% and a net margin of 5.60%.The company had revenue of $428.02 million for the quarter, compared to the consensus estimate of $263.40 million. During the same period in the previous year, the business earned $0.92 EPS. Criteo’s revenue for the quarter was down 11.3% compared to the same quarter last year. Analysts forecast that Criteo S.A. will post 3.21 earnings per share for the current year.

Insider Buying and Selling

In other Criteo news, CFO Sarah Js Glickman sold 2,465 shares of the business’s stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $17.06, for a total transaction of $42,052.90. Following the sale, the chief financial officer directly owned 431,879 shares in the company, valued at approximately $7,367,855.74. The trade was a 0.57% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders own 1.52% of the company’s stock.

Hedge Funds Weigh In On Criteo

Hedge funds have recently added to or reduced their stakes in the company. WealthCollab LLC increased its position in Criteo by 147.5% in the 1st quarter. WealthCollab LLC now owns 1,371 shares of the information services provider’s stock worth $25,000 after buying an additional 817 shares during the period. Rockefeller Capital Management L.P. grew its position in 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 acquiring an additional 940 shares during the period. Raymond James Financial Inc. bought a new position in Criteo during the 2nd quarter valued at about $30,000. Jones Financial Companies Lllp increased its holdings in Criteo by 1,376.7% during the 1st quarter. Jones Financial Companies Lllp now owns 1,270 shares of the information services provider’s stock valued at $45,000 after purchasing an additional 1,184 shares in the last quarter. Finally, Parallel Advisors LLC increased 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 valued at $47,000 after acquiring an additional 1,222 shares in the last quarter. Institutional investors and hedge funds own 94.27% of the company’s stock.

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.