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

Criteo S.A. (NASDAQ:CRTO) has been given an average rating of “Hold” by the eleven brokerages that are currently covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and six have given a buy rating to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $30.55.

CRTO has been the subject of several research analyst reports. Citigroup cut their target price on Criteo from $34.00 to $26.00 and set a “buy” rating for the company in a research report on Thursday, February 12th. BMO Capital Markets reissued an “outperform” rating and issued a $35.00 price target on shares of Criteo in a report on Thursday, February 12th. DA Davidson set a $28.50 price target on Criteo in a research note on Thursday, February 12th. Stifel Nicolaus set a $30.00 price objective on shares of Criteo in a report 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.

Criteo Stock Performance

Shares of CRTO stock opened at $17.63 on Friday. Criteo has a 52-week low of $16.15 and a 52-week high of $38.48. The firm has a market capitalization of $879.03 million, a PE ratio of 6.65 and a beta of 0.38. The stock has a fifty day simple moving average of $18.62 and a two-hundred day simple moving average of $20.15.

Insiders Place Their Bets

In related news, Director Der Kooi Frederik Van bought 5,000 shares of the business’s stock in a transaction that occurred on Friday, March 13th. The stock was bought at an average cost of $17.81 per share, with a total value of $89,050.00. Following the completion of the purchase, the director owned 26,600 shares of the company’s stock, valued at approximately $473,746. The trade was a 23.15% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 1.66% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Rockefeller Capital Management L.P. increased its holdings in shares of Criteo by 185.8% in the fourth quarter. Rockefeller Capital Management L.P. now owns 1,446 shares of the information services provider’s stock worth $30,000 after purchasing an additional 940 shares during the last quarter. Raymond James Financial Inc. bought a new position in Criteo during the second quarter valued at approximately $30,000. Covestor Ltd grew its holdings in 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 buying an additional 980 shares in the last quarter. Jones Financial Companies Lllp grew its holdings in 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 buying an additional 1,184 shares in the last quarter. Finally, Parallel Advisors LLC increased its stake in Criteo by 142.3% in the 3rd quarter. Parallel Advisors LLC now owns 2,081 shares of the information services provider’s stock worth $47,000 after acquiring an additional 1,222 shares during the last quarter. Institutional investors own 94.27% of the company’s stock.

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.