Criteo (NASDAQ:CRTO) Price Target Lowered to $30.00 at Benchmark

Criteo (NASDAQ:CRTO) had its target price reduced by Benchmark from $38.00 to $30.00 in a research note published on Tuesday morning,Benzinga reports. They currently have a buy rating on the information services provider’s stock.

CRTO has been the subject of a number of other reports. BMO Capital Markets reissued an “outperform” rating and issued a $40.00 price objective on shares of Criteo in a research note on Thursday, October 30th. DA Davidson set a $38.00 price target on Criteo in a research note on Thursday, October 30th. Wells Fargo & Company lowered their price objective on Criteo from $40.00 to $35.00 and set an “overweight” rating on the stock in a research report on Tuesday. Morgan Stanley dropped their price objective on Criteo from $36.00 to $34.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 13th. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of Criteo in a research note on Wednesday, January 21st. Five equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, Criteo has a consensus rating of “Hold” and a consensus price target of $36.67.

Criteo Trading Up 2.9%

Criteo stock opened at $19.49 on Tuesday. Criteo has a 12-month low of $17.83 and a 12-month high of $47.25. The firm has a market capitalization of $996.91 million, a price-to-earnings ratio of 6.54 and a beta of 0.49. The firm has a 50 day moving average of $20.06 and a 200 day moving average of $21.37.

Insiders Place Their Bets

In other Criteo news, insider Ryan Damon sold 3,394 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 $66,216.94. Following the completion of the transaction, the insider directly owned 117,508 shares of the company’s stock, valued at $2,292,581.08. This trade represents a 2.81% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CFO Sarah Js Glickman sold 3,982 shares of the business’s stock in a transaction dated Monday, November 24th. The stock was 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 ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 10,598 shares of company stock valued at $211,697. 1.66% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Criteo

Several large investors have recently added to or reduced their stakes in the stock. Raymond James Financial Inc. purchased a new position in Criteo during the second quarter worth $30,000. Jones Financial Companies Lllp lifted its holdings in shares of Criteo by 1,376.7% in the 1st quarter. Jones Financial Companies Lllp now owns 1,270 shares of the information services provider’s stock worth $45,000 after acquiring an additional 1,184 shares during the last quarter. Covestor Ltd boosted its stake 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 worth $40,000 after purchasing an additional 980 shares during the period. Parallel Advisors LLC boosted its position in shares of Criteo by 142.3% during the third quarter. Parallel Advisors LLC now owns 2,081 shares of the information services provider’s stock valued at $47,000 after buying an additional 1,222 shares during the period. Finally, Blue Trust Inc. boosted its holdings in Criteo by 81.2% during the 2nd quarter. Blue Trust Inc. now owns 2,878 shares of the information services provider’s stock valued at $69,000 after acquiring an additional 1,290 shares during the period. 94.27% of the stock is owned by institutional investors.

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.