Criteo (NASDAQ:CRTO) Coverage Initiated at Wedbush

Equities researchers at Wedbush assumed coverage on shares of Criteo (NASDAQ:CRTO) in a research report issued on Thursday, Marketbeat.com reports. The brokerage set an “outperform” rating and a $30.00 price target on the information services provider’s stock. Wedbush’s price target points to a potential upside of 33.45% from the company’s previous close.

CRTO has been the subject of several other research reports. Benchmark cut their price target on Criteo from $30.00 to $25.00 and set a “buy” rating for the company in a report on Thursday, May 7th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Criteo in a report on Monday, April 20th. Stifel Nicolaus lowered their target price on Criteo from $30.00 to $29.00 and set a “buy” rating for the company in a research report on Monday, April 13th. Citigroup reiterated a “buy” rating on shares of Criteo in a research report on Tuesday, July 7th. Finally, Morgan Stanley cut their target price on shares of Criteo from $33.00 to $29.00 and set an “equal weight” rating for the company in a report on Wednesday, May 13th. Six research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $27.70.

Criteo Stock Down 2.0%

CRTO opened at $22.48 on Thursday. The firm has a 50-day simple moving average of $18.56 and a two-hundred day simple moving average of $18.73. Criteo has a 52 week low of $15.57 and a 52 week high of $26.52. The company has a market capitalization of $1.13 billion, a PE ratio of 10.50 and a beta of 0.30.

Criteo (NASDAQ:CRTO) last issued its quarterly earnings data on Tuesday, March 31st. The information services provider reported $0.73 earnings per share for the quarter. Criteo had a return on equity of 14.98% and a net margin of 6.06%.The firm had revenue of $424.64 million during the quarter. As a group, sell-side analysts expect that Criteo will post 3.12 earnings per share for the current year.

Insider Activity at Criteo

In other news, CFO Sarah Js Glickman sold 2,465 shares of Criteo stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $17.06, for a total value of $42,052.90. Following the completion of the transaction, the chief financial officer owned 431,879 shares in the company, valued at approximately $7,367,855.74. The trade was a 0.57% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Company insiders own 1.52% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. Robeco Institutional Asset Management B.V. grew its position in Criteo by 130.8% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 497,008 shares of the information services provider’s stock valued at $10,243,000 after acquiring an additional 281,699 shares during the last quarter. Waterfront Wealth Inc. increased its stake in Criteo by 81.4% in the fourth quarter. Waterfront Wealth Inc. now owns 141,766 shares of the information services provider’s stock worth $2,868,000 after purchasing an additional 63,611 shares during the period. VELA Investment Management LLC lifted its position in shares of Criteo by 28.2% during the fourth quarter. VELA Investment Management LLC now owns 551,407 shares of the information services provider’s stock worth $11,364,000 after purchasing an additional 121,242 shares during the last quarter. King Luther Capital Management Corp boosted its stake in shares of Criteo by 79.9% during the fourth quarter. King Luther Capital Management Corp now owns 188,910 shares of the information services provider’s stock valued at $3,893,000 after purchasing an additional 83,910 shares during the period. Finally, Div Capital Phoenix Assets Ltd purchased a new stake in shares of Criteo during the fourth quarter valued at $2,288,000. 94.27% of the stock is owned by hedge funds and other institutional investors.

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.