Criteo S.A. (NASDAQ:CRTO) Receives Average Recommendation of “Hold” from Analysts

Shares of Criteo S.A. (NASDAQ:CRTO) have earned an average recommendation of “Hold” from the eleven brokerages that are covering the firm, MarketBeat reports. One analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and six have given a buy recommendation to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $30.55.

Several brokerages have recently issued reports on CRTO. Sanford C. Bernstein set a $43.00 target price on Criteo in a research report on Thursday, February 12th. Morgan Stanley set a $33.00 price target on shares of Criteo in a research report on Thursday, February 12th. BMO Capital Markets restated an “outperform” rating and set a $35.00 price objective on shares of Criteo in a report on Thursday, February 12th. Wells Fargo & Company lowered their price objective on shares of Criteo from $40.00 to $35.00 and set an “overweight” rating on the stock in a research report on Tuesday, February 10th. Finally, Zacks Research cut shares of Criteo from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, December 2nd.

Criteo Trading Down 1.7%

Shares of Criteo stock opened at $17.46 on Friday. The business’s fifty day simple moving average is $18.83 and its 200 day simple moving average is $20.33. Criteo has a 12 month low of $16.15 and a 12 month high of $38.48. The firm has a market capitalization of $870.56 million, a P/E ratio of 6.59 and a beta of 0.38.

Insider Activity at Criteo

In other news, Director Der Kooi Frederik Van acquired 5,000 shares of the company’s stock in a transaction that occurred on Friday, March 13th. The shares were acquired at an average price of $17.81 per share, for a total transaction of $89,050.00. Following the completion of the purchase, the director owned 26,600 shares in the company, valued at approximately $473,746. This trade represents a 23.15% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 1.66% of the company’s stock.

Institutional Trading of Criteo

Hedge funds have recently made changes to their positions in the company. Neuberger Berman Group LLC increased its holdings in Criteo by 19.8% in the 3rd quarter. Neuberger Berman Group LLC now owns 7,840,788 shares of the information services provider’s stock worth $177,176,000 after acquiring an additional 1,297,980 shares during the last quarter. Morgan Stanley lifted its holdings in Criteo by 21.6% during the fourth quarter. Morgan Stanley now owns 4,723,794 shares of the information services provider’s stock valued at $97,357,000 after purchasing an additional 838,523 shares during the last quarter. Alliancebernstein L.P. lifted its holdings in Criteo by 1.9% during the second quarter. Alliancebernstein L.P. now owns 4,411,988 shares of the information services provider’s stock valued at $105,711,000 after purchasing an additional 82,134 shares during the last quarter. Senvest Management LLC boosted its position in Criteo by 4.0% during the fourth quarter. Senvest Management LLC now owns 4,397,322 shares of the information services provider’s stock worth $90,629,000 after purchasing an additional 170,000 shares during the period. Finally, DNB Asset Management AS boosted its position in Criteo by 2.9% during the fourth quarter. DNB Asset Management AS now owns 4,258,161 shares of the information services provider’s stock worth $87,761,000 after purchasing an additional 121,477 shares during the period. 94.27% of the stock is currently owned by 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.