Criteo (NASDAQ:CRTO) Cut to “Buy” at Wall Street Zen

Wall Street Zen downgraded shares of Criteo (NASDAQ:CRTO) from a strong-buy rating to a buy rating in a research report report published on Saturday morning.

Other equities analysts have also issued research reports about the company. Citigroup lowered their price objective on Criteo from $34.00 to $26.00 and set a “buy” rating for the company in a research report on Thursday. DA Davidson set a $28.50 price target on shares of Criteo in a research note on Thursday. BMO Capital Markets reissued an “outperform” rating and set a $35.00 price objective on shares of Criteo in a research note on Thursday. Benchmark cut their price objective on shares of Criteo from $38.00 to $30.00 and set a “buy” rating on the stock in a report on Tuesday, February 10th. Finally, Susquehanna set a $18.00 target price on shares of Criteo in a research note on Thursday. Six equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $30.55.

Criteo Stock Down 2.2%

CRTO opened at $17.81 on Friday. Criteo has a 52 week low of $16.55 and a 52 week high of $47.25. The stock has a market cap of $910.98 million, a PE ratio of 6.72 and a beta of 0.49. The business has a 50 day moving average of $19.89 and a 200-day moving average of $21.23.

Insider Buying and Selling

In other news, insider Ryan Damon sold 3,394 shares of the company’s stock in a transaction on Monday, November 24th. The stock was sold at an average price of $19.51, for a total transaction of $66,216.94. Following the transaction, the insider directly owned 117,508 shares of the company’s stock, valued at $2,292,581.08. This represents a 2.81% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Sarah Js Glickman sold 3,982 shares of the stock in a transaction on Monday, November 24th. The shares were sold at an average price of $19.51, for a total value of $77,688.82. Following the sale, the chief financial officer directly owned 353,227 shares in the company, valued at $6,891,458.77. This trade represents a 1.11% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 10,598 shares of company stock valued at $211,697. 1.66% of the stock is owned by company insiders.

Hedge Funds Weigh In On Criteo

Hedge funds have recently bought and sold shares of the business. TD Private Client Wealth LLC lifted its holdings in Criteo by 21.2% in the 3rd quarter. TD Private Client Wealth LLC now owns 2,916 shares of the information services provider’s stock worth $66,000 after purchasing an additional 511 shares in the last quarter. Assetmark Inc. raised its position in shares of Criteo by 7.6% during the fourth quarter. Assetmark Inc. now owns 8,923 shares of the information services provider’s stock valued at $184,000 after buying an additional 629 shares during the last quarter. TD Waterhouse Canada Inc. lifted its holdings in shares of Criteo by 6.0% in the second quarter. TD Waterhouse Canada Inc. now owns 13,683 shares of the information services provider’s stock worth $332,000 after buying an additional 780 shares in the last quarter. Covestor Ltd boosted its position in shares of 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 acquiring an additional 980 shares during the last quarter. Finally, US Bancorp DE grew its stake in Criteo by 1.1% during the third quarter. US Bancorp DE now owns 90,517 shares of the information services provider’s stock valued at $2,046,000 after acquiring an additional 988 shares in the last quarter. Hedge funds and other institutional investors own 94.27% of the company’s stock.

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.