Stifel Nicolaus Lowers Criteo (NASDAQ:CRTO) Price Target to $29.00

Criteo (NASDAQ:CRTO) had its price target dropped by equities research analysts at Stifel Nicolaus from $30.00 to $29.00 in a research report issued on Monday,Benzinga reports. The firm currently has a “buy” rating on the information services provider’s stock. Stifel Nicolaus’ price target points to a potential upside of 61.35% from the stock’s previous close.

Several other brokerages also recently commented on CRTO. DA Davidson set a $28.50 target price on shares of Criteo in a report on Thursday, February 12th. Wells Fargo & Company dropped their target price on shares of Criteo from $40.00 to $35.00 and set an “overweight” rating on the stock in a report on Tuesday, February 10th. BMO Capital Markets reiterated an “outperform” rating and issued a $35.00 price objective on shares of Criteo in a report on Thursday, February 12th. Morgan Stanley set a $33.00 price objective on shares of Criteo in a report on Thursday, February 12th. Finally, Wall Street Zen downgraded shares of Criteo from a “buy” rating to a “hold” rating in a report on Saturday, March 7th. Six investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Criteo currently has an average rating of “Hold” and an average price target of $30.45.

Criteo Stock Performance

CRTO stock traded up $0.15 during mid-day trading on Monday, hitting $17.97. 9,649 shares of the company were exchanged, compared to its average volume of 521,641. The firm has a market cap of $896.13 million, a P/E ratio of 6.77 and a beta of 0.36. The firm’s 50 day simple moving average is $18.15 and its 200 day simple moving average is $19.76. Criteo has a 1-year low of $16.15 and a 1-year high of $35.10.

Insider Buying and Selling

In related news, Director Der Kooi Frederik Van acquired 5,000 shares of Criteo stock in a transaction on Friday, March 13th. The stock was purchased at an average cost 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 in the company, valued at $473,746. This trade represents a 23.15% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.66% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Criteo

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Neuberger Berman Group LLC boosted its position in Criteo by 19.8% during the third quarter. Neuberger Berman Group LLC now owns 7,840,788 shares of the information services provider’s stock worth $177,176,000 after purchasing an additional 1,297,980 shares during the period. Morgan Stanley boosted 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 worth $97,357,000 after purchasing an additional 838,523 shares during the period. Alliancebernstein L.P. boosted its position in Criteo by 1.9% during the second quarter. Alliancebernstein L.P. now owns 4,411,988 shares of the information services provider’s stock worth $105,711,000 after purchasing an additional 82,134 shares during the period. Senvest Management LLC boosted its position in Criteo by 4.0% during the fourth 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 during the period. Finally, DNB Asset Management AS boosted its position in Criteo by 2.9% during the fourth 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 during the period. 94.27% of the stock is owned by institutional investors.

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.