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

Criteo S.A. (NASDAQ:CRTO) has received a consensus recommendation of “Hold” from the eleven ratings firms that are covering the stock, Marketbeat.com reports. Two analysts have rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the company. The average 1 year price objective among brokers that have covered the stock in the last year is $38.3333.

CRTO has been the topic of a number of recent analyst reports. Benchmark lowered their price target on shares of Criteo from $42.00 to $38.00 and set a “buy” rating on the stock in a report on Tuesday, October 28th. BMO Capital Markets reiterated an “outperform” rating and issued a $40.00 target price on shares of Criteo in a research note on Thursday, October 30th. Zacks Research downgraded shares of Criteo from a “strong-buy” rating to a “hold” rating in a report on Tuesday, December 2nd. Weiss Ratings cut shares of Criteo from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, October 24th. Finally, DA Davidson set a $38.00 price objective on Criteo in a research report on Thursday, October 30th.

Criteo Stock Performance

NASDAQ:CRTO opened at $20.04 on Friday. The business’s fifty day moving average is $20.66 and its 200 day moving average is $22.16. The firm has a market cap of $1.05 billion, a price-to-earnings ratio of 6.72 and a beta of 0.51. Criteo has a 52-week low of $19.00 and a 52-week high of $47.26.

Insiders Place Their Bets

In other Criteo news, insider Ryan Damon sold 3,222 shares of Criteo stock in a transaction that occurred on Wednesday, December 17th. The shares were sold at an average price of $21.04, for a total transaction of $67,790.88. Following the completion of 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Der Kooi Frederik Van purchased 5,000 shares of the business’s stock in a transaction on Monday, November 10th. The stock was bought at an average cost of $21.52 per share, with a total value of $107,600.00. Following the purchase, the director owned 21,600 shares in the company, valued at approximately $464,832. This represents a 30.12% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. In the last quarter, insiders bought 11,702 shares of company stock worth $259,573 and sold 10,598 shares worth $211,697. Corporate insiders own 1.66% of the company’s stock.

Institutional Trading of Criteo

A number of hedge funds have recently made changes to their positions in the stock. Raymond James Financial Inc. bought a new position in Criteo in the second quarter valued at $30,000. Covestor Ltd boosted its holdings in shares of Criteo by 125.2% in the 3rd quarter. Covestor Ltd now owns 1,763 shares of the information services provider’s stock worth $40,000 after purchasing an additional 980 shares in the last quarter. Jones Financial Companies Lllp increased its position 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 last quarter. Parallel Advisors LLC raised its holdings in shares of Criteo by 142.3% during the 3rd quarter. Parallel Advisors LLC now owns 2,081 shares of the information services provider’s stock valued at $47,000 after buying an additional 1,222 shares in the last quarter. Finally, TD Private Client Wealth LLC lifted its position 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 buying an additional 511 shares during the last quarter. 94.27% of the stock is owned by institutional investors.

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.