Criteo (NASDAQ:CRTO) Downgraded by Wall Street Zen to Buy

Criteo (NASDAQ:CRTO) was downgraded by analysts at Wall Street Zen from a “strong-buy” rating to a “buy” rating in a research note issued to investors on Saturday.

Other analysts have also issued research reports about the stock. Morgan Stanley set a $33.00 price objective on shares of Criteo in a research note on Thursday. Wells Fargo & Company lowered their price target on shares of Criteo from $40.00 to $35.00 and set an “overweight” rating for the company in a report on Tuesday. Benchmark dropped their price target on shares of Criteo from $38.00 to $30.00 and set a “buy” rating on the stock in a research note on Tuesday. BMO Capital Markets reissued an “outperform” rating and issued a $35.00 price objective on shares of Criteo in a research report on Thursday. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of Criteo in a research note on Wednesday, January 21st. Six research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $30.55.

Criteo Stock Performance

CRTO stock opened at $17.81 on Friday. Criteo has a 1 year low of $16.55 and a 1 year high of $47.25. The firm has a market cap of $910.98 million, a P/E ratio of 6.72 and a beta of 0.49. The stock has a 50-day simple moving average of $19.94 and a 200-day simple moving average of $21.30.

Insider Buying and Selling at Criteo

In other news, insider Ryan Damon sold 3,394 shares of the business’s stock in a transaction dated Monday, November 24th. The shares were sold at an average price of $19.51, for a total value of $66,216.94. Following the completion of the sale, the insider owned 117,508 shares of the company’s stock, valued at approximately $2,292,581.08. The trade was a 2.81% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Sarah Js Glickman sold 3,982 shares of the company’s stock in a transaction dated Monday, November 24th. The shares were sold at an average price of $19.51, for a total transaction of $77,688.82. Following the completion of the sale, the chief financial officer owned 353,227 shares in the company, valued at approximately $6,891,458.77. This trade represents a 1.11% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 10,598 shares of company stock valued at $211,697. 1.66% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. TD Private Client Wealth LLC raised its position in shares of Criteo by 21.2% during the 3rd quarter. TD Private Client Wealth LLC now owns 2,916 shares of the information services provider’s stock valued at $66,000 after acquiring an additional 511 shares in the last quarter. Assetmark Inc. raised its holdings in shares of Criteo by 7.6% during the fourth quarter. Assetmark Inc. now owns 8,923 shares of the information services provider’s stock worth $184,000 after purchasing an additional 629 shares during the period. TD Waterhouse Canada Inc. raised its holdings in shares of Criteo by 6.0% during the second quarter. TD Waterhouse Canada Inc. now owns 13,683 shares of the information services provider’s stock worth $332,000 after purchasing an additional 780 shares during the period. Covestor Ltd lifted its position 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 buying an additional 980 shares during the last quarter. Finally, US Bancorp DE boosted its holdings in shares of Criteo by 1.1% in the 3rd quarter. US Bancorp DE now owns 90,517 shares of the information services provider’s stock valued at $2,046,000 after buying an additional 988 shares during the period. 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.