Analysts Set Criteo S.A. (NASDAQ:CRTO) Price Target at $38.33

Shares of Criteo S.A. (NASDAQ:CRTO) have earned a consensus rating of “Hold” from the eleven brokerages that are currently covering the company, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating on the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $38.3333.

A number of research firms recently commented on CRTO. Zacks Research lowered Criteo from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 2nd. Benchmark reduced their target price on shares of Criteo from $42.00 to $38.00 and set a “buy” rating for the company in a research note on Tuesday, October 28th. BMO Capital Markets reissued an “outperform” rating and set a $40.00 price target on shares of Criteo in a research report on Thursday, October 30th. DA Davidson set a $38.00 price target on shares of Criteo in a report on Thursday, October 30th. Finally, Weiss Ratings lowered shares of Criteo from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Friday, October 24th.

Insiders Place Their Bets

In other news, insider Ryan Damon sold 3,222 shares of Criteo stock in a transaction on Wednesday, December 17th. The stock was sold at an average price of $21.04, for a total transaction of $67,790.88. Following the sale, the insider directly owned 114,286 shares in the company, valued at $2,404,577.44. The trade was a 2.74% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Der Kooi Frederik Van purchased 5,000 shares of the business’s stock in a transaction that occurred on Monday, November 10th. The stock was bought at an average cost of $21.52 per share, for a total transaction of $107,600.00. Following the completion of the acquisition, the director directly owned 21,600 shares in the company, valued at $464,832. The trade was a 30.12% increase in their position. The disclosure for this purchase is available in the SEC filing. Over the last three months, insiders have acquired 11,702 shares of company stock valued at $259,573 and have sold 10,598 shares valued at $211,697. 1.66% of the stock is owned by company insiders.

Institutional Trading of Criteo

Several hedge funds have recently added to or reduced their stakes in CRTO. Raymond James Financial Inc. bought a new stake in Criteo during the 2nd quarter valued at $30,000. Covestor Ltd raised its stake in shares of Criteo by 125.2% during the 3rd quarter. Covestor Ltd now owns 1,763 shares of the information services provider’s stock valued at $40,000 after purchasing an additional 980 shares during the period. Jones Financial Companies Lllp raised its stake in shares of 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 during the period. Parallel Advisors LLC lifted its holdings in Criteo by 142.3% during 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. Finally, TD Private Client Wealth LLC boosted its stake in Criteo by 21.2% in the 3rd quarter. TD Private Client Wealth LLC now owns 2,916 shares of the information services provider’s stock worth $66,000 after purchasing an additional 511 shares during the period. Institutional investors own 94.27% of the company’s stock.

Criteo Stock Performance

Shares of CRTO opened at $20.98 on Friday. The firm has a market capitalization of $1.10 billion, a P/E ratio of 7.04 and a beta of 0.51. Criteo has a 52 week low of $19.00 and a 52 week high of $47.26. The stock has a 50 day moving average price of $20.64 and a two-hundred day moving average price of $22.10.

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.