Criteo S.A. (NASDAQ:CRTO) Given Consensus Rating of “Hold” by Brokerages

Criteo S.A. (NASDAQ:CRTO) has earned a consensus recommendation of “Hold” from the eleven analysts that are covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, four have given a hold recommendation and six have given a buy recommendation to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $30.55.

A number of brokerages have issued reports on CRTO. Stifel Nicolaus set a $30.00 price target on shares of Criteo in a research note on Thursday, February 12th. Weiss Ratings reissued a “sell (d+)” rating on shares of Criteo in a research report on Wednesday, January 21st. Wells Fargo & Company reduced their target price on Criteo from $40.00 to $35.00 and set an “overweight” rating for the company in a research note on Tuesday, February 10th. Citigroup dropped their price target on Criteo from $34.00 to $26.00 and set a “buy” rating on the stock in a research note on Thursday, February 12th. Finally, BMO Capital Markets reissued an “outperform” rating and issued a $35.00 price objective on shares of Criteo in a report on Thursday, February 12th.

Insiders Place Their Bets

In other news, insider Ryan Damon sold 3,222 shares of the company’s stock in a transaction on Wednesday, December 17th. The shares were sold at an average price of $21.04, for a total value of $67,790.88. Following the sale, the insider directly owned 114,286 shares of the company’s stock, valued at $2,404,577.44. This represents a 2.74% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 1.66% of the company’s stock.

Institutional Investors Weigh In On Criteo

Hedge funds have recently added to or reduced their stakes in the business. Neuberger Berman Group LLC raised its stake in shares of Criteo by 19.8% during the 3rd quarter. Neuberger Berman Group LLC now owns 7,840,788 shares of the information services provider’s stock valued at $177,176,000 after buying an additional 1,297,980 shares during the last quarter. Morgan Stanley raised its position 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 acquiring an additional 838,523 shares in the last quarter. Alliancebernstein L.P. lifted its holdings in Criteo by 1.9% in 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 acquiring an additional 82,134 shares during the period. Senvest Management LLC boosted its position in Criteo by 4.0% in the 4th 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 in the last quarter. Finally, DNB Asset Management AS boosted its position in Criteo by 2.9% in the 4th 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 in the last quarter. 94.27% of the stock is owned by hedge funds and other institutional investors.

Criteo Stock Performance

NASDAQ:CRTO opened at $17.87 on Monday. The company’s 50-day simple moving average is $19.37 and its 200-day simple moving average is $20.88. Criteo has a fifty-two week low of $16.15 and a fifty-two week high of $39.52. The stock has a market capitalization of $914.05 million, a P/E ratio of 6.74 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.