Criteo (NASDAQ:CRTO) Stock Rating Lowered by Wall Street Zen

Criteo (NASDAQ:CRTO) was downgraded by equities research analysts at Wall Street Zen from a “strong-buy” rating to a “buy” rating in a research note issued to investors on Saturday.

CRTO has been the topic of several other reports. Morgan Stanley set a $33.00 target price on Criteo in a research report on Thursday. Benchmark dropped their price target on Criteo from $38.00 to $30.00 and set a “buy” rating on the stock in a research note on Tuesday, February 10th. Sanford C. Bernstein set a $43.00 price objective on shares of Criteo in a research report on Thursday. Wells Fargo & Company lowered their target price on shares of Criteo from $40.00 to $35.00 and set an “overweight” rating for the company in a research note on Tuesday, February 10th. Finally, Zacks Research lowered shares of Criteo from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, December 2nd. Six equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $30.55.

Criteo Trading Down 2.2%

Shares of CRTO stock opened at $17.81 on Friday. Criteo has a 12-month low of $16.55 and a 12-month high of $47.25. The business’s fifty day simple moving average is $19.94 and its 200-day simple moving average is $21.27. The company has a market cap of $910.98 million, a PE ratio of 6.72 and a beta of 0.49.

Insider Activity at Criteo

In other news, CFO Sarah Js Glickman sold 3,982 shares of the stock in a transaction on Monday, November 24th. The shares were sold at an average price of $19.51, for a total value of $77,688.82. Following the sale, the chief financial officer owned 353,227 shares in the company, valued at $6,891,458.77. This represents a 1.11% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Ryan Damon sold 3,222 shares of the business’s stock in a transaction on Wednesday, December 17th. The shares were sold at an average price of $21.04, for a total transaction of $67,790.88. Following the transaction, the insider owned 114,286 shares of the company’s stock, valued at $2,404,577.44. This represents a 2.74% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 10,598 shares of company stock valued at $211,697. Company insiders own 1.66% of the company’s stock.

Institutional Trading of Criteo

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. TD Private Client Wealth LLC lifted its holdings 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 acquiring an additional 511 shares during the period. Assetmark Inc. grew its stake in shares of Criteo by 7.6% during the 4th quarter. Assetmark Inc. now owns 8,923 shares of the information services provider’s stock worth $184,000 after purchasing an additional 629 shares during the period. TD Waterhouse Canada Inc. increased its holdings in shares of Criteo by 6.0% during the 2nd quarter. TD Waterhouse Canada Inc. now owns 13,683 shares of the information services provider’s stock valued at $332,000 after purchasing an additional 780 shares in the last quarter. Covestor Ltd lifted its stake in shares of Criteo by 125.2% in the 3rd quarter. Covestor Ltd now owns 1,763 shares of the information services provider’s stock valued at $40,000 after purchasing an additional 980 shares during the period. Finally, US Bancorp DE lifted its stake in shares of Criteo by 1.1% in the 3rd quarter. US Bancorp DE now owns 90,517 shares of the information services provider’s stock valued at $2,046,000 after purchasing an additional 988 shares during the period. 94.27% of the stock is owned by institutional investors and hedge funds.

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.