Criteo (NASDAQ:CRTO) Rating Lowered to “Hold” at Wall Street Zen

Criteo (NASDAQ:CRTO) was downgraded by stock analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a report released on Saturday.

Several other research firms have also recently commented on CRTO. DA Davidson set a $28.50 target price on shares of Criteo in a research report on Thursday, February 12th. Citigroup reduced their price target on shares of Criteo from $34.00 to $26.00 and set a “buy” rating on the stock in a research report on Thursday, February 12th. Stifel Nicolaus set a $30.00 price target on shares of Criteo in a research note on Thursday, February 12th. BMO Capital Markets restated an “outperform” rating and issued a $35.00 price objective on shares of Criteo in a report on Thursday, February 12th. Finally, Benchmark cut their price objective on Criteo from $38.00 to $30.00 and set a “buy” rating on the stock in a research report on Tuesday, February 10th. Six analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $30.55.

Criteo Stock Up 2.3%

Shares of CRTO stock opened at $19.74 on Friday. The firm has a market capitalization of $984.24 million, a price-to-earnings ratio of 7.45 and a beta of 0.38. The stock has a fifty day moving average of $19.27 and a 200 day moving average of $20.67. Criteo has a 52 week low of $16.15 and a 52 week high of $38.48.

Insider Transactions at Criteo

In related news, insider Ryan Damon sold 3,222 shares of the stock in a transaction dated Wednesday, December 17th. The shares were sold at an average price of $21.04, for a total transaction of $67,790.88. Following the sale, the insider directly owned 114,286 shares of the company’s stock, valued at approximately $2,404,577.44. This represents a 2.74% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.66% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of CRTO. Jones Financial Companies Lllp lifted its stake in shares of Criteo by 1,376.7% in the first quarter. Jones Financial Companies Lllp now owns 1,270 shares of the information services provider’s stock worth $45,000 after buying an additional 1,184 shares in the last quarter. Assetmark Inc. increased its position in shares of Criteo by 12.0% during the second quarter. Assetmark Inc. now owns 7,317 shares of the information services provider’s stock valued at $175,000 after acquiring an additional 785 shares in the last quarter. Fox Run Management L.L.C. raised its holdings in Criteo by 61.5% in the 2nd quarter. Fox Run Management L.L.C. now owns 11,568 shares of the information services provider’s stock worth $277,000 after acquiring an additional 4,407 shares during the last quarter. Campbell & CO Investment Adviser LLC purchased a new position in Criteo in the 2nd quarter worth approximately $220,000. Finally, SG Americas Securities LLC bought a new position in Criteo in the 2nd quarter valued at approximately $725,000. 94.27% of the stock is owned by hedge funds and other 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.