Criteo (NASDAQ:CRTO) Cut to Hold at Wall Street Zen

Criteo (NASDAQ:CRTO) was downgraded by Wall Street Zen from a “buy” rating to a “hold” rating in a report released on Saturday.

A number of other research analysts have also recently weighed in on the company. Benchmark dropped their price target on Criteo from $38.00 to $30.00 and set a “buy” rating for the company in a research report on Tuesday, February 10th. Sanford C. Bernstein set a $43.00 price objective on shares of Criteo in a research report on Thursday, February 12th. Citigroup lowered their price objective on shares of Criteo from $34.00 to $26.00 and set a “buy” rating on the stock in a research note on Thursday, February 12th. Zacks Research cut shares of Criteo from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, December 2nd. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of Criteo in a report on Wednesday, January 21st. Six equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $30.55.

Criteo Trading Up 2.3%

Shares of CRTO stock opened at $19.74 on Friday. The stock has a 50 day simple moving average of $19.27 and a 200-day simple moving average of $20.72. The company has a market cap of $1.01 billion, a price-to-earnings ratio of 7.45 and a beta of 0.38. Criteo has a 12-month low of $16.15 and a 12-month high of $38.48.

Insiders Place Their Bets

In other 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 value of $67,790.88. Following the transaction, the insider directly owned 114,286 shares of the company’s stock, valued at $2,404,577.44. The trade was a 2.74% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. 1.66% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the business. Raymond James Financial Inc. purchased a new position in shares of Criteo in the 2nd quarter valued at $30,000. Covestor Ltd boosted its position in 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. Jones Financial Companies Lllp boosted its position in Criteo by 1,376.7% during the 1st quarter. Jones Financial Companies Lllp now owns 1,270 shares of the information services provider’s stock worth $45,000 after purchasing an additional 1,184 shares during the period. Parallel Advisors LLC increased its holdings in Criteo by 142.3% in the 3rd quarter. Parallel Advisors LLC now owns 2,081 shares of the information services provider’s stock valued at $47,000 after purchasing an additional 1,222 shares in the last quarter. Finally, TD Private Client Wealth LLC raised its position in Criteo by 21.2% in the third quarter. TD Private Client Wealth LLC now owns 2,916 shares of the information services provider’s stock valued at $66,000 after purchasing an additional 511 shares during the period. 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.