Criteo (NASDAQ:CRTO) Price Target Lowered to $29.00 at Stifel Nicolaus

Criteo (NASDAQ:CRTO) had its target price reduced by Stifel Nicolaus from $30.00 to $29.00 in a report published on Monday,Benzinga reports. They currently have a buy rating on the information services provider’s stock.

Other equities analysts have also recently issued reports about the stock. BMO Capital Markets reaffirmed an “outperform” rating and set a $35.00 price target on shares of Criteo in a research note on Thursday, February 12th. Citigroup dropped their price target on shares of Criteo from $34.00 to $26.00 and set a “buy” rating for the company in a research note on Thursday, February 12th. Benchmark dropped their price target on shares of Criteo from $38.00 to $30.00 and set a “buy” rating for the company in a research note on Tuesday, February 10th. Sanford C. Bernstein set a $43.00 price target on shares of Criteo in a research note on Thursday, February 12th. Finally, DA Davidson set a $28.50 price target on shares of Criteo in a research note on Thursday, February 12th. Six investment analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $30.45.

Criteo Trading Up 2.9%

CRTO stock opened at $18.33 on Monday. Criteo has a 12 month low of $16.15 and a 12 month high of $35.10. The company has a 50-day moving average price of $18.13 and a 200 day moving average price of $19.73. The stock has a market cap of $913.92 million, a PE ratio of 6.92 and a beta of 0.36.

Insiders Place Their Bets

In related news, Director Der Kooi Frederik Van acquired 5,000 shares of the firm’s stock in a transaction that occurred on Friday, March 13th. The stock was bought at an average price of $17.81 per share, for a total transaction of $89,050.00. Following the acquisition, the director directly owned 26,600 shares of the company’s stock, valued at $473,746. This represents a 23.15% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.66% of the stock is owned by insiders.

Institutional Investors Weigh In On Criteo

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Ballast Asset Management LP bought a new stake in Criteo during the 3rd quarter valued at about $4,245,000. VELA Investment Management LLC raised its holdings in shares of Criteo by 22.2% in the 3rd 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. Seizert Capital Partners LLC raised its holdings in shares of Criteo by 48.6% in the 3rd quarter. Seizert Capital Partners LLC now owns 183,724 shares of the information services provider’s stock valued at $4,152,000 after purchasing an additional 60,067 shares in the last quarter. Robeco Institutional Asset Management B.V. raised its holdings in shares of Criteo by 457.9% in the 3rd 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 in the last quarter. Finally, King Luther Capital Management Corp bought a new stake in shares of Criteo in the 3rd quarter valued at about $2,373,000. 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.