Criteo (NASDAQ:CRTO) Sets New 1-Year Low – Here’s Why

Criteo S.A. (NASDAQ:CRTO) shares hit a new 52-week low during trading on Monday . The stock traded as low as $18.93 and last traded at $19.01, with a volume of 184216 shares traded. The stock had previously closed at $19.17.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on CRTO shares. Weiss Ratings restated a “sell (d+)” rating on shares of Criteo in a research report on Wednesday, January 21st. DA Davidson set a $38.00 target price on shares of Criteo in a research note on Thursday, October 30th. BMO Capital Markets restated an “outperform” rating and issued a $40.00 target price on shares of Criteo in a report on Thursday, October 30th. Zacks Research cut Criteo from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 2nd. Finally, Benchmark dropped their price target on Criteo from $42.00 to $38.00 and set a “buy” rating on the stock in a research report on Tuesday, October 28th. Five analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $38.11.

Criteo Trading Down 0.8%

The company has a fifty day moving average price of $20.17 and a 200-day moving average price of $21.59. The firm has a market capitalization of $972.40 million, a price-to-earnings ratio of 6.38 and a beta of 0.51.

Insider Transactions at Criteo

In other news, insider Ryan Damon sold 3,394 shares of the firm’s stock in a transaction on Monday, November 24th. The shares were sold at an average price of $19.51, for a total transaction of $66,216.94. Following the transaction, the insider owned 117,508 shares in the company, valued at approximately $2,292,581.08. This trade represents a 2.81% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Der Kooi Frederik Van acquired 5,000 shares of the firm’s stock in a transaction that occurred on Monday, November 10th. The stock was acquired at an average price of $21.52 per share, with a total value of $107,600.00. Following the completion of the acquisition, the director directly owned 21,600 shares of the company’s stock, valued at $464,832. This represents a 30.12% increase in their position. The SEC filing for this purchase provides additional information. Insiders have sold a total of 10,598 shares of company stock worth $211,697 in the last 90 days. 1.66% of the stock is owned by insiders.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Seizert Capital Partners LLC raised its stake in shares of Criteo by 3.4% in the 4th quarter. Seizert Capital Partners LLC now owns 189,971 shares of the information services provider’s stock valued at $3,915,000 after acquiring an additional 6,247 shares in the last quarter. VELA Investment Management LLC grew its holdings in Criteo by 28.2% during the fourth quarter. VELA Investment Management LLC now owns 551,407 shares of the information services provider’s stock valued at $11,364,000 after purchasing an additional 121,242 shares during the last quarter. UBS Group AG raised its position in shares of Criteo by 216.5% in the fourth quarter. UBS Group AG now owns 241,538 shares of the information services provider’s stock valued at $4,978,000 after purchasing an additional 165,214 shares during the period. Waterfront Wealth Inc. raised its position in shares of Criteo by 81.4% in the fourth quarter. Waterfront Wealth Inc. now owns 141,766 shares of the information services provider’s stock valued at $2,868,000 after purchasing an additional 63,611 shares during the period. Finally, Assetmark Inc. lifted its stake in shares of Criteo by 7.6% in the fourth quarter. Assetmark Inc. now owns 8,923 shares of the information services provider’s stock worth $184,000 after buying an additional 629 shares during 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.