Criteo S.A. (NASDAQ:CRTO – Get Free Report)’s stock price rose 6.1% during mid-day trading on Tuesday . The company traded as high as $17.23 and last traded at $17.2050. Approximately 342,621 shares traded hands during trading, a decline of 26% from the average daily volume of 464,709 shares. The stock had previously closed at $16.21.
Wall Street Analyst Weigh In
CRTO has been the subject of several recent research reports. Citigroup cut their price target on Criteo from $34.00 to $26.00 and set a “buy” rating for the company in a research note on Thursday, February 12th. Benchmark dropped their price objective on Criteo from $30.00 to $25.00 and set a “buy” rating for the company in a report on Thursday, May 7th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Criteo in a research note on Monday, April 20th. Wall Street Zen lowered shares of Criteo from a “buy” rating to a “hold” rating in a research report on Saturday, March 7th. Finally, Sanford C. Bernstein set a $43.00 price target on Criteo in a research note on Thursday, February 12th. Five analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $27.94.
Check Out Our Latest Report on Criteo
Criteo Stock Performance
Criteo (NASDAQ:CRTO – Get Free Report) last posted its earnings results on Tuesday, March 31st. The information services provider reported $0.73 earnings per share for the quarter. Criteo had a net margin of 6.06% and a return on equity of 14.98%. The firm had revenue of $424.64 million for the quarter. On average, equities research analysts anticipate that Criteo S.A. will post 3.12 EPS for the current year.
Insider Transactions at Criteo
In other news, Director Der Kooi Frederik Van bought 5,000 shares of the stock in a transaction on Friday, March 13th. The stock was acquired at an average price of $17.81 per share, with a total value of $89,050.00. Following the acquisition, the director directly owned 26,600 shares in the company, valued at approximately $473,746. This trade represents a 23.15% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.52% of the stock is currently owned by insiders.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently made changes to their positions in CRTO. WealthCollab LLC raised its holdings in Criteo by 147.5% in the 1st quarter. WealthCollab LLC now owns 1,371 shares of the information services provider’s stock valued at $25,000 after buying an additional 817 shares during the last quarter. Rockefeller Capital Management L.P. raised its stake in shares of Criteo by 185.8% during 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 last quarter. Raymond James Financial Inc. acquired a new position in shares of Criteo during the second quarter worth $30,000. Covestor Ltd grew its stake in shares of Criteo by 125.2% in 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. Finally, Jones Financial Companies Lllp increased its holdings in Criteo by 1,376.7% in the first 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 during the period. Institutional investors and hedge funds 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.
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