Criteo S.A. (NASDAQ:CRTO) Receives $38.11 Average PT from Analysts

Criteo S.A. (NASDAQ:CRTO) has been given an average recommendation of “Hold” by the eleven research firms that are currently covering the company, MarketBeat.com reports. Two research analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation and five have issued a buy recommendation on the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $38.1111.

Several brokerages have recently issued reports on CRTO. Weiss Ratings reiterated a “sell (d+)” rating on shares of Criteo in a research report on Wednesday, January 21st. Morgan Stanley reduced their price objective on shares of Criteo from $36.00 to $34.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 13th. DA Davidson set a $38.00 target price on shares of Criteo in a report on Thursday, October 30th. BMO Capital Markets reissued an “outperform” rating and set a $40.00 target price on shares of Criteo in a research note on Thursday, October 30th. Finally, Benchmark decreased their price target on shares of Criteo from $42.00 to $38.00 and set a “buy” rating on the stock in a research report on Tuesday, October 28th.

Insider Buying and Selling

In other news, insider Ryan Damon sold 3,394 shares of the stock in a transaction on Monday, November 24th. The stock was sold at an average price of $19.51, for a total value of $66,216.94. Following the completion of the sale, the insider owned 117,508 shares in the company, valued at $2,292,581.08. This represents a 2.81% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Der Kooi Frederik Van purchased 5,000 shares of the company’s stock in a transaction that occurred on Monday, November 10th. The shares were acquired at an average cost of $21.52 per share, for a total transaction of $107,600.00. Following the completion of the transaction, the director directly owned 21,600 shares of the company’s stock, valued at $464,832. This trade represents a 30.12% increase in their position. The disclosure for this purchase is available in the SEC filing. In the last 90 days, insiders sold 10,598 shares of company stock valued at $211,697. Company insiders own 1.66% of the company’s stock.

Hedge Funds Weigh In On Criteo

A number of hedge funds have recently added to or reduced their stakes in CRTO. Raymond James Financial Inc. acquired a new position in Criteo during the 2nd quarter worth $30,000. Jones Financial Companies Lllp increased its stake in shares of Criteo by 1,376.7% in the first 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. 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 purchasing an additional 980 shares during the last quarter. Parallel Advisors LLC boosted its stake in Criteo by 142.3% during 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 during the period. Finally, Blue Trust Inc. grew its holdings in Criteo by 81.2% in the 2nd quarter. Blue Trust Inc. now owns 2,878 shares of the information services provider’s stock valued at $69,000 after buying an additional 1,290 shares during the last quarter. Institutional investors and hedge funds own 94.27% of the company’s stock.

Criteo Price Performance

Shares of CRTO traded up $0.48 during trading hours on Thursday, reaching $19.00. 152,022 shares of the company’s stock traded hands, compared to its average volume of 555,907. Criteo has a twelve month low of $17.83 and a twelve month high of $47.25. The business’s fifty day simple moving average is $20.10 and its two-hundred day simple moving average is $21.50. The firm has a market capitalization of $971.89 million, a price-to-earnings ratio of 6.37 and a beta of 0.49.

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.