Criteo (NASDAQ:CRTO) Price Target Lowered to $34.00 at Wells Fargo & Company

Criteo (NASDAQ:CRTO) had its price target dropped by research analysts at Wells Fargo & Company from $35.00 to $34.00 in a research report issued on Wednesday,Benzinga reports. The firm presently has an “overweight” rating on the information services provider’s stock. Wells Fargo & Company‘s price objective suggests a potential upside of 76.83% from the company’s previous close.

Several other equities analysts have also weighed in on the stock. Benchmark reduced their price target on shares of Criteo from $38.00 to $30.00 and set a “buy” rating for the company in a research report on Tuesday, February 10th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Criteo in a research report on Monday, April 20th. Susquehanna set a $18.00 target price on shares of Criteo in a research report on Thursday, February 12th. Wall Street Zen lowered shares of Criteo from a “buy” rating to a “hold” rating in a research note on Saturday, March 7th. Finally, Sanford C. Bernstein set a $43.00 price target on shares of Criteo in a report on Thursday, February 12th. Six 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 company has a consensus rating of “Hold” and an average target price of $30.35.

Criteo Stock Performance

NASDAQ:CRTO traded down $0.12 during trading on Wednesday, reaching $19.23. The company’s stock had a trading volume of 76,427 shares, compared to its average volume of 468,679. Criteo has a 12 month low of $16.15 and a 12 month high of $34.48. The firm has a market cap of $958.64 million, a price-to-earnings ratio of 7.25 and a beta of 0.36. The firm has a 50 day moving average of $18.31 and a 200-day moving average of $19.56.

Insider Activity

In related news, Director Der Kooi Frederik Van acquired 5,000 shares of the firm’s stock in a transaction that occurred on Friday, March 13th. The shares were bought at an average cost of $17.81 per share, for a total transaction of $89,050.00. Following the purchase, the director owned 26,600 shares in the company, valued at $473,746. This trade represents a 23.15% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.66% of the company’s stock.

Institutional Investors Weigh In On Criteo

Hedge funds and other institutional investors have recently modified their holdings of the stock. Rockefeller Capital Management L.P. boosted its position in shares of 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 acquiring an additional 940 shares during the period. Raymond James Financial Inc. purchased a new stake in Criteo in the 2nd quarter worth approximately $30,000. Covestor Ltd lifted its stake in Criteo by 125.2% in 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 in the last quarter. Jones Financial Companies Lllp boosted its holdings in Criteo by 1,376.7% in the 1st quarter. Jones Financial Companies Lllp now owns 1,270 shares of the information services provider’s stock valued at $45,000 after purchasing an additional 1,184 shares during the period. Finally, Parallel Advisors LLC boosted its holdings in 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 purchasing an additional 1,222 shares during the period. 94.27% of the stock is currently owned by institutional investors.

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.