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

Criteo S.A. (NASDAQ:CRTO) has been assigned an average recommendation of “Hold” from the eleven research firms that are covering the firm, MarketBeat reports. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating on the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $38.1111.

CRTO has been the topic of several research reports. Zacks Research lowered shares of Criteo from a “strong-buy” rating to a “hold” rating in a report on Tuesday, December 2nd. Benchmark reduced their target price on shares of Criteo from $42.00 to $38.00 and set a “buy” rating on the stock in a report on Tuesday, October 28th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Criteo in a report on Wednesday, January 21st. BMO Capital Markets reissued an “outperform” rating and issued a $40.00 price objective on shares of Criteo in a research report on Thursday, October 30th. Finally, DA Davidson set a $38.00 target price on Criteo in a research report on Thursday, October 30th.

Criteo Trading Down 0.8%

Shares of Criteo stock opened at $19.01 on Thursday. The business’s fifty day moving average price is $20.15 and its 200 day moving average price is $21.56. Criteo has a twelve month low of $18.93 and a twelve month high of $47.26. The stock has a market capitalization of $972.36 million, a P/E ratio of 6.38 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 completion of the transaction, the insider directly owned 117,508 shares in the company, valued at approximately $2,292,581.08. This represents a 2.81% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Der Kooi Frederik Van purchased 5,000 shares of the stock in a transaction that occurred on Monday, November 10th. The shares were purchased at an average cost of $21.52 per share, with a total value of $107,600.00. Following the completion of the acquisition, the director owned 21,600 shares in the company, valued at approximately $464,832. This represents a 30.12% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders sold a total of 10,598 shares of company stock worth $211,697 in the last 90 days. 1.66% of the stock is owned by company insiders.

Hedge Funds Weigh In On Criteo

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Jones Financial Companies Lllp increased its position in shares of Criteo by 1,376.7% during the first 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. Robeco Institutional Asset Management B.V. grew its stake in Criteo by 1.7% during the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 38,594 shares of the information services provider’s stock valued at $925,000 after purchasing an additional 655 shares in the last quarter. Blue Trust Inc. increased 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 worth $69,000 after purchasing an additional 1,290 shares during the last quarter. VELA Investment Management LLC raised its position in shares of Criteo by 86.5% in the 2nd quarter. VELA Investment Management LLC now owns 351,940 shares of the information services provider’s stock valued at $8,432,000 after purchasing an additional 163,196 shares in the last quarter. Finally, Y Intercept Hong Kong Ltd purchased a new position in shares of Criteo during the 2nd quarter valued at approximately $4,224,000. 94.27% of the stock is owned by hedge funds and other 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.