Criteo (NASDAQ:CRTO) Director Buys $89,050.00 in Stock

Criteo S.A. (NASDAQ:CRTO) Director Der Kooi Frederik Van bought 5,000 shares of Criteo stock in a transaction dated Friday, March 13th. The stock was acquired at an average price of $17.81 per share, with a total value of $89,050.00. Following the completion of the transaction, the director directly owned 26,600 shares of the company’s stock, valued at approximately $473,746. The trade was a 23.15% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website.

Criteo Trading Down 1.7%

NASDAQ:CRTO opened at $17.46 on Friday. The company has a market cap of $870.56 million, a P/E ratio of 6.59 and a beta of 0.38. Criteo S.A. has a twelve month low of $16.15 and a twelve month high of $38.48. The company’s 50-day moving average price is $18.83 and its 200-day moving average price is $20.33.

Analysts Set New Price Targets

Several research analysts have recently weighed in on CRTO shares. Stifel Nicolaus set a $30.00 target price on Criteo in a report on Thursday, February 12th. BMO Capital Markets reiterated an “outperform” rating and set a $35.00 price objective on shares of Criteo in a research report on Thursday, February 12th. DA Davidson set a $28.50 price objective on Criteo in a research note on Thursday, February 12th. Citigroup dropped their target price on Criteo from $34.00 to $26.00 and set a “buy” rating for the company in a report on Thursday, February 12th. Finally, Wells Fargo & Company cut 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. Six research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Criteo has a consensus rating of “Hold” and an average target price of $30.55.

Institutional Investors Weigh In On Criteo

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Rockefeller Capital Management L.P. raised its position 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 during the period. Raymond James Financial Inc. purchased a new position in shares of Criteo during the 2nd quarter worth $30,000. Covestor Ltd boosted its stake in Criteo by 125.2% during the third 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 period. Jones Financial Companies Lllp raised its stake in shares of 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 acquiring an additional 1,184 shares during the period. Finally, Parallel Advisors LLC lifted 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 worth $47,000 after acquiring an additional 1,222 shares during the last quarter. Institutional investors and hedge funds own 94.27% of the company’s stock.

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.