Criteo (NASDAQ:CRTO) Insider Sells $13,633.92 in Stock

Criteo S.A. (NASDAQ:CRTO) insider Ryan Damon sold 789 shares of the firm’s stock in a transaction on Friday, August 28th. The shares were sold at an average price of $17.28, for a total value of $13,633.92. Following the sale, the insider directly owned 164,844 shares of the company’s stock, valued at $2,848,504.32. This represents a 0.48% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Ryan Damon also recently made the following trade(s):

• On Thursday, August 6th, Ryan Damon sold 6,178 shares of Criteo stock. The stock was sold at an average price of $17.23, for a total transaction of $106,446.94.

Criteo Price Performance

NASDAQ:CRTO opened at $18.30 on Thursday. The company has a market cap of $896.70 million, a P/E ratio of 9.29 and a beta of 0.27. The firm’s fifty day moving average price is $19.73 and its two-hundred day moving average price is $18.54. Criteo S.A. has a one year low of $15.57 and a one year high of $25.29.

Criteo (NASDAQ:CRTO) last posted its earnings results on Wednesday, August 5th. The information services provider reported $0.80 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.71 by $0.09. The company had revenue of $428.02 million during the quarter, compared to analysts’ expectations of $263.40 million. Criteo had a net margin of 5.60% and a return on equity of 14.33%. Criteo’s quarterly revenue was down 11.3% compared to the same quarter last year. During the same quarter last year, the company posted $0.92 EPS. As a group, equities research analysts expect that Criteo S.A. will post 2.66 earnings per share for the current year.

Institutional Investors Weigh In On Criteo

Several institutional investors have recently made changes to their positions in the stock. Morgan Stanley grew its position in Criteo by 21.6% during the fourth quarter. Morgan Stanley now owns 4,723,794 shares of the information services provider’s stock worth $97,357,000 after buying an additional 838,523 shares in the last quarter. Millennium Management LLC lifted its position in shares of Criteo by 226.7% during the 3rd quarter. Millennium Management LLC now owns 1,097,465 shares of the information services provider’s stock valued at $24,803,000 after acquiring an additional 761,565 shares during the period. Ameriprise Financial Inc. acquired a new stake in shares of Criteo during the 3rd quarter worth $11,926,000. Nierenberg Investment Management Company LLC increased its position in shares of Criteo by 109.2% in the fourth quarter. Nierenberg Investment Management Company LLC now owns 888,888 shares of the information services provider’s stock worth $18,320,000 after purchasing an additional 463,929 shares during the period. Finally, Pillsbury Lake Capital LLC acquired a new position in Criteo in the fourth quarter valued at about $9,486,000. 94.27% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on CRTO. Sanford C. Bernstein cut Criteo from an “outperform” rating to a “market perform” rating and reduced their price objective for the stock from $35.00 to $20.50 in a report on Thursday, August 6th. Weiss Ratings reissued a “sell (d+)” rating on shares of Criteo in a report on Friday, July 17th. Zacks Research downgraded Criteo from a “hold” rating to a “strong sell” rating in a research note on Monday, August 24th. Wedbush decreased their price objective on Criteo from $30.00 to $25.00 and set an “outperform” rating on the stock in a report on Thursday, August 20th. Finally, DA Davidson reiterated a “buy” rating and set a $24.00 price objective on shares of Criteo in a research report on Tuesday, July 7th. Six investment analysts have rated the stock with a Buy rating, three have given a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $22.65.

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.