Criteo (NASDAQ:CRTO) Cut to Equal Weight at Wells Fargo & Company

Wells Fargo & Company downgraded shares of Criteo (NASDAQ:CRTO) from an overweight rating to an equal weight rating in a research report report published on Wednesday, Marketbeat.com reports.

CRTO has been the subject of several other research reports. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Criteo in a research note on Monday, April 20th. Susquehanna set a $18.00 target price on Criteo in a research note on Thursday, February 12th. Benchmark decreased their target price on Criteo from $38.00 to $30.00 and set a “buy” rating on the stock in a research note on Tuesday, February 10th. Morgan Stanley set a $33.00 target price on Criteo in a research report on Thursday, February 12th. Finally, Wall Street Zen lowered shares of Criteo from a “buy” rating to a “hold” rating in a research note on Saturday, March 7th. Five investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $28.39.

Criteo Price Performance

Shares of CRTO stock opened at $16.49 on Wednesday. The firm has a market cap of $822.19 million, a PE ratio of 7.71 and a beta of 0.34. The company has a 50-day moving average of $18.39 and a two-hundred day moving average of $19.49. Criteo has a 1-year low of $15.57 and a 1-year high of $30.64.

Criteo (NASDAQ:CRTO) last announced its earnings results on Tuesday, March 31st. The information services provider reported $0.73 earnings per share for the quarter. The company had revenue of $424.64 million during the quarter. Criteo had a net margin of 6.06% and a return on equity of 14.98%. Sell-side analysts anticipate that Criteo will post 3.39 EPS for the current fiscal year.

Insider Activity at Criteo

In other Criteo news, Director Der Kooi Frederik Van acquired 5,000 shares of the company’s stock in a transaction dated 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 acquisition, the director owned 26,600 shares in the company, valued at $473,746. The trade was a 23.15% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 1.66% of the company’s stock.

Hedge Funds Weigh In On Criteo

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Rockefeller Capital Management L.P. boosted its holdings in Criteo by 185.8% in the fourth quarter. Rockefeller Capital Management L.P. now owns 1,446 shares of the information services provider’s stock valued at $30,000 after purchasing an additional 940 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in Criteo during the second quarter worth approximately $30,000. Covestor Ltd lifted 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 worth $40,000 after buying an additional 980 shares during the last quarter. Jones Financial Companies Lllp lifted its position in shares of 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 buying an additional 1,184 shares during the last quarter. Finally, Parallel Advisors LLC boosted its holdings in shares of 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 buying an additional 1,222 shares in the last quarter. 94.27% of the stock is owned by institutional investors and hedge funds.

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.