Criteo (NASDAQ:CRTO) Director Der Kooi Frederik Van Buys 5,000 Shares

Criteo S.A. (NASDAQ:CRTO) Director Der Kooi Frederik Van bought 5,000 shares of the firm’s stock in a transaction dated Friday, March 13th. The stock was purchased at an average cost of $17.81 per share, for a total transaction of $89,050.00. Following the transaction, the director directly owned 26,600 shares of the company’s stock, valued at $473,746. The trade was a 23.15% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Criteo Trading Up 0.7%

Shares of NASDAQ CRTO opened at $18.02 on Wednesday. The firm has a market cap of $898.48 million, a P/E ratio of 6.80 and a beta of 0.38. The business’s 50 day moving average is $18.96 and its 200-day moving average is $20.37. Criteo S.A. has a 1-year low of $16.15 and a 1-year high of $38.48.

Hedge Funds Weigh In On Criteo

Several hedge funds and other institutional investors have recently added to or reduced their stakes in CRTO. Ballast Asset Management LP bought a new position in shares of Criteo in the third quarter worth $4,245,000. VELA Investment Management LLC raised its stake in Criteo by 22.2% in the third quarter. VELA Investment Management LLC now owns 430,165 shares of the information services provider’s stock valued at $9,722,000 after purchasing an additional 78,225 shares in the last quarter. Seizert Capital Partners LLC lifted its position in Criteo by 48.6% during the third quarter. Seizert Capital Partners LLC now owns 183,724 shares of the information services provider’s stock worth $4,152,000 after purchasing an additional 60,067 shares during the period. Robeco Institutional Asset Management B.V. grew its stake in Criteo by 457.9% during the third quarter. Robeco Institutional Asset Management B.V. now owns 215,309 shares of the information services provider’s stock worth $4,866,000 after buying an additional 176,715 shares in the last quarter. Finally, King Luther Capital Management Corp acquired a new stake in Criteo during the third quarter worth about $2,373,000. 94.27% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. Susquehanna set a $18.00 target price on Criteo in a report on Thursday, February 12th. Zacks Research downgraded shares of Criteo from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, December 2nd. Wall Street Zen lowered shares of Criteo from a “buy” rating to a “hold” rating in a research report on Saturday, March 7th. Morgan Stanley set a $33.00 price objective on shares of Criteo in a research note on Thursday, February 12th. Finally, Benchmark cut their price objective 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. Six investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $30.55.

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.