Cannell Capital LLC Makes New Investment in Criteo S.A. $CRTO

Cannell Capital LLC purchased a new stake in Criteo S.A. (NASDAQ:CRTO) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 328,543 shares of the information services provider’s stock, valued at approximately $7,425,000. Criteo accounts for 1.1% of Cannell Capital LLC’s investment portfolio, making the stock its 21st biggest position.

A number of other institutional investors also recently modified their holdings of CRTO. Bank of America Corp DE boosted its position in shares of Criteo by 19.1% during the third quarter. Bank of America Corp DE now owns 227,159 shares of the information services provider’s stock worth $5,134,000 after buying an additional 36,407 shares during the period. Boothbay Fund Management LLC bought a new stake in Criteo in the 3rd quarter valued at approximately $1,321,000. Ameriprise Financial Inc. bought a new stake in Criteo in the 3rd quarter valued at approximately $11,926,000. Two Sigma Investments LP boosted its position in Criteo by 70.2% during the 3rd quarter. Two Sigma Investments LP now owns 268,143 shares of the information services provider’s stock worth $6,060,000 after acquiring an additional 110,574 shares during the last quarter. Finally, Quinn Opportunity Partners LLC acquired a new position in Criteo during the 3rd quarter worth approximately $576,000. 94.27% of the stock is currently owned by institutional investors.

Criteo Price Performance

Shares of CRTO stock opened at $17.72 on Friday. The company has a fifty day moving average price of $19.07 and a two-hundred day moving average price of $20.50. Criteo S.A. has a one year low of $16.15 and a one year high of $38.48. The stock has a market cap of $883.52 million, a P/E ratio of 6.69 and a beta of 0.38.

Analysts Set New Price Targets

A number of research firms have recently issued reports on CRTO. Citigroup lowered their price objective on shares of Criteo from $34.00 to $26.00 and set a “buy” rating on the stock in a report on Thursday, February 12th. Weiss Ratings restated a “sell (d+)” rating on shares of Criteo in a report on Wednesday, January 21st. Wall Street Zen downgraded shares of Criteo from a “buy” rating to a “hold” rating in a research report on Saturday, March 7th. BMO Capital Markets reiterated an “outperform” rating and issued a $35.00 price target on shares of Criteo in a research note on Thursday, February 12th. Finally, Zacks Research cut shares of Criteo from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 2nd. Six equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $30.55.

Insider Activity

In related news, insider Ryan Damon sold 3,222 shares of the firm’s stock in a transaction dated Wednesday, December 17th. The shares were sold at an average price of $21.04, for a total value of $67,790.88. Following the completion of the sale, the insider directly owned 114,286 shares in the company, valued at approximately $2,404,577.44. This trade represents a 2.74% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 1.66% 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.