Criteo S.A. (NASDAQ:CRTO) Receives $30.45 Average Target Price from Analysts

Criteo S.A. (NASDAQ:CRTO) has been assigned an average rating of “Hold” from the eleven brokerages that are currently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and six have given a buy recommendation to the company. The average twelve-month price target among brokers that have covered the stock in the last year is $30.45.

CRTO has been the subject of a number of recent analyst reports. Sanford C. Bernstein set a $43.00 price objective on Criteo in a report on Thursday, February 12th. Stifel Nicolaus dropped their price target on Criteo from $30.00 to $29.00 and set a “buy” rating on the stock in a research note on Monday. Wells Fargo & Company dropped their price target on Criteo from $40.00 to $35.00 and set an “overweight” rating on the stock in a research report on Tuesday, February 10th. BMO Capital Markets reiterated an “outperform” rating and set a $35.00 price target on shares of Criteo in a report on Thursday, February 12th. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of Criteo in a research note on Wednesday, January 21st.

Criteo Trading Up 0.1%

Shares of Criteo stock opened at $19.39 on Tuesday. The business’s 50 day simple moving average is $18.17 and its 200-day simple moving average is $19.70. The stock has a market capitalization of $966.77 million, a price-to-earnings ratio of 7.32 and a beta of 0.36. Criteo has a twelve month low of $16.15 and a twelve month high of $35.10.

Insider Activity

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Rockefeller Capital Management L.P. grew its holdings in shares of Criteo by 185.8% in the 4th quarter. Rockefeller Capital Management L.P. now owns 1,446 shares of the information services provider’s stock worth $30,000 after purchasing an additional 940 shares during the last quarter. Raymond James Financial Inc. bought a new stake in shares of Criteo during the second quarter valued at approximately $30,000. Covestor Ltd increased its holdings in shares of Criteo by 125.2% in the third 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 in the last quarter. Jones Financial Companies Lllp raised its position 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 worth $45,000 after purchasing an additional 1,184 shares during the last quarter. Finally, Parallel Advisors LLC raised its position in 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 purchasing an additional 1,222 shares during the last quarter. 94.27% of the stock is 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.