Criteo S.A. (NASDAQ:CRTO) Given Consensus Recommendation of “Hold” by Brokerages

Criteo S.A. (NASDAQ:CRTO) has been assigned a consensus rating of “Hold” from the eleven analysts that are covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, four have given a hold recommendation and six have assigned a buy recommendation to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $30.55.

A number of research firms have issued reports on CRTO. DA Davidson set a $28.50 price target on Criteo in a research report on Thursday, February 12th. Weiss Ratings restated a “sell (d+)” rating on shares of Criteo in a research note on Wednesday, January 21st. Zacks Research cut shares of Criteo from a “strong-buy” rating to a “hold” rating in a report on Tuesday, December 2nd. Wells Fargo & Company decreased their price target on shares of Criteo from $40.00 to $35.00 and set an “overweight” rating for the company in a research note on Tuesday, February 10th. Finally, Benchmark lowered their price target on shares of Criteo from $38.00 to $30.00 and set a “buy” rating for the company in a report on Tuesday, February 10th.

Insider Activity

In other news, Director Der Kooi Frederik Van acquired 5,000 shares of the firm’s stock in a transaction dated Friday, March 13th. The stock was acquired at an average cost of $17.81 per share, with a total value of $89,050.00. Following the transaction, the director 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 filing with the SEC, which can be accessed through this hyperlink. Company insiders own 1.66% of the company’s stock.

Institutional Trading of Criteo

A number of hedge funds and other institutional investors have recently bought and sold shares of CRTO. Rockefeller Capital Management L.P. boosted its position in shares of Criteo by 185.8% during the 4th quarter. Rockefeller Capital Management L.P. now owns 1,446 shares of the information services provider’s stock worth $30,000 after acquiring an additional 940 shares in the last quarter. Invesco Ltd. raised its position in shares of Criteo by 27.5% during the 4th quarter. Invesco Ltd. now owns 25,832 shares of the information services provider’s stock worth $532,000 after acquiring an additional 5,568 shares in the last quarter. Vident Advisory LLC lifted its stake in Criteo by 34.3% during the fourth quarter. Vident Advisory LLC now owns 12,907 shares of the information services provider’s stock worth $266,000 after purchasing an additional 3,294 shares during the last quarter. Pillsbury Lake Capital LLC acquired a new position in Criteo in the fourth quarter valued at approximately $9,486,000. Finally, XTX Topco Ltd acquired a new position in Criteo in the fourth quarter valued at approximately $2,212,000. 94.27% of the stock is currently owned by institutional investors and hedge funds.

Criteo Trading Down 0.5%

NASDAQ:CRTO opened at $17.64 on Friday. Criteo has a 12-month low of $16.15 and a 12-month high of $37.26. The firm has a market cap of $879.53 million, a PE ratio of 6.66 and a beta of 0.38. The stock has a fifty day moving average price of $18.51 and a 200 day moving average price of $20.12.

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.