Criteo (NASDAQ:CRTO) Price Target Cut to $35.00 by Analysts at Wells Fargo & Company

Criteo (NASDAQ:CRTO) had its price objective decreased by Wells Fargo & Company from $40.00 to $35.00 in a research report released on Tuesday,Benzinga reports. Wells Fargo & Company currently has an overweight rating on the information services provider’s stock.

CRTO has been the subject of a number of other reports. Morgan Stanley decreased their target price on Criteo from $36.00 to $34.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 13th. DA Davidson set a $38.00 price objective on Criteo in a report on Thursday, October 30th. BMO Capital Markets reaffirmed an “outperform” rating and set a $40.00 price objective on shares of Criteo in a report on Thursday, October 30th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Criteo in a research note on Wednesday, January 21st. Finally, Benchmark dropped their price target on shares of Criteo from $42.00 to $38.00 and set a “buy” rating on the stock in a research note on Tuesday, October 28th. Five analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, Criteo currently has a consensus rating of “Hold” and an average price target of $36.67.

Criteo Stock Up 2.9%

CRTO opened at $19.49 on Tuesday. The company’s 50-day moving average price is $20.06 and its two-hundred day moving average price is $21.37. Criteo has a twelve month low of $17.83 and a twelve month high of $47.25. The stock has a market cap of $996.91 million, a price-to-earnings ratio of 6.54 and a beta of 0.49.

Insiders Place Their Bets

In other news, insider Ryan Damon sold 3,394 shares of the company’s stock in a transaction on Monday, November 24th. The shares were sold at an average price of $19.51, for a total value of $66,216.94. Following the transaction, the insider owned 117,508 shares of the company’s stock, valued at approximately $2,292,581.08. This represents a 2.81% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Sarah Js Glickman sold 3,982 shares of Criteo stock in a transaction on Monday, November 24th. The shares were sold at an average price of $19.51, for a total value of $77,688.82. Following the sale, the chief financial officer directly owned 353,227 shares of the company’s stock, valued at $6,891,458.77. This represents a 1.11% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 10,598 shares of company stock valued at $211,697 over the last 90 days. Company insiders own 1.66% of the company’s stock.

Hedge Funds Weigh In On Criteo

Hedge funds and other institutional investors have recently bought and sold shares of the stock. 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 buying an additional 511 shares in the last quarter. Assetmark Inc. raised its position in Criteo by 7.6% during the fourth quarter. Assetmark Inc. now owns 8,923 shares of the information services provider’s stock valued at $184,000 after purchasing an additional 629 shares in the last quarter. TD Waterhouse Canada Inc. boosted its holdings in shares of Criteo by 6.0% in the 2nd 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 in the last quarter. Covestor Ltd increased its position in shares of Criteo by 125.2% during the 3rd quarter. Covestor Ltd now owns 1,763 shares of the information services provider’s stock valued at $40,000 after purchasing an additional 980 shares during the last quarter. Finally, US Bancorp DE raised its holdings in shares of Criteo by 1.1% during 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 in the last quarter. Hedge funds and other institutional investors own 94.27% of the company’s stock.

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.