Criteo S.A. (NASDAQ:CRTO) Receives Consensus Rating of “Hold” from Brokerages

Shares of Criteo S.A. (NASDAQ:CRTO) have received an average rating of “Hold” from the eleven ratings firms that are presently covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and six have issued a buy recommendation on the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $30.55.

Several equities research analysts recently weighed in on the company. Weiss Ratings reissued a “sell (d+)” rating on shares of Criteo in a report on Wednesday, January 21st. Susquehanna set a $18.00 target price on Criteo in a research 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 Criteo in a research note on Thursday, February 12th. Finally, Zacks Research downgraded shares of Criteo from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 2nd.

Insiders Place Their Bets

In other Criteo news, insider Ryan Damon sold 3,222 shares of Criteo stock in a transaction dated Wednesday, December 17th. The stock was sold at an average price of $21.04, for a total transaction of $67,790.88. Following the transaction, the insider directly owned 114,286 shares of the company’s stock, valued at approximately $2,404,577.44. The trade was a 2.74% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 1.66% of the stock is owned by insiders.

Hedge Funds Weigh In On Criteo

Hedge funds have recently made changes to their positions in the stock. Ballast Asset Management LP acquired a new stake in shares of Criteo during the 3rd quarter worth approximately $4,245,000. VELA Investment Management LLC increased 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. Robeco Institutional Asset Management B.V. raised its holdings in shares of 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 valued at $4,866,000 after purchasing an additional 176,715 shares during the period. Seizert Capital Partners LLC boosted its position in shares of Criteo by 48.6% during the 3rd 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 in the last quarter. Finally, Neuberger Berman Group LLC grew its stake in shares of Criteo by 6.9% in the 2nd quarter. Neuberger Berman Group LLC now owns 6,542,808 shares of the information services provider’s stock valued at $156,766,000 after buying an additional 419,808 shares during the period. 94.27% of the stock is currently owned by institutional investors.

Criteo Price Performance

Shares of NASDAQ:CRTO opened at $17.52 on Monday. The company has a market cap of $896.15 million, a price-to-earnings ratio of 6.61 and a beta of 0.49. The firm has a 50 day simple moving average of $19.64 and a 200 day simple moving average of $21.06. Criteo has a one year low of $16.15 and a one year high of $43.76.

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.