Criteo S.A. (NASDAQ:CRTO) Receives $30.55 Average PT from Brokerages

Shares of Criteo S.A. (NASDAQ:CRTO) have received a consensus recommendation of “Hold” from the eleven brokerages that are covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, four have issued a hold rating and six have given a buy rating to the company. The average 12-month target price among brokers that have covered the stock in the last year is $30.55.

A number of research analysts recently weighed in on the company. BMO Capital Markets reaffirmed an “outperform” rating and set a $35.00 price objective on shares of Criteo in a research report on Thursday, February 12th. Susquehanna set a $18.00 target price on Criteo in a research note on Thursday, February 12th. Wall Street Zen downgraded Criteo from a “buy” rating to a “hold” rating in a report on Saturday, March 7th. Citigroup lowered their price target on Criteo from $34.00 to $26.00 and set a “buy” rating for the company in a research report on Thursday, February 12th. Finally, Benchmark dropped their price target on shares of Criteo from $38.00 to $30.00 and set a “buy” rating on the stock in a research note on Tuesday, February 10th.

Insider Transactions at Criteo

In other news, Director Der Kooi Frederik Van bought 5,000 shares of the firm’s stock in a transaction on Friday, March 13th. The stock was acquired at an average cost of $17.81 per share, with a total value of $89,050.00. Following the completion of the acquisition, the director owned 26,600 shares of the company’s stock, valued at approximately $473,746. This represents a 23.15% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 1.66% of the company’s stock.

Hedge Funds Weigh In On Criteo

Hedge funds have recently added to or reduced their stakes in the company. Neuberger Berman Group LLC lifted its position in Criteo by 19.8% in the 3rd quarter. Neuberger Berman Group LLC now owns 7,840,788 shares of the information services provider’s stock valued at $177,176,000 after acquiring an additional 1,297,980 shares in the last quarter. Morgan Stanley increased its holdings in shares of Criteo by 21.6% in the 4th 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 in the last quarter. Millennium Management LLC raised its stake in shares of Criteo by 226.7% in the third quarter. Millennium Management LLC now owns 1,097,465 shares of the information services provider’s stock worth $24,803,000 after purchasing an additional 761,565 shares during the last quarter. Ameriprise Financial Inc. purchased a new position in shares of Criteo in the third quarter worth $11,926,000. Finally, Nierenberg Investment Management Company LLC lifted its holdings in shares of Criteo by 109.2% during the fourth quarter. Nierenberg Investment Management Company LLC now owns 888,888 shares of the information services provider’s stock valued at $18,320,000 after purchasing an additional 463,929 shares in the last quarter. 94.27% of the stock is currently owned by hedge funds and other institutional investors.

Criteo Stock Performance

Shares of CRTO opened at $17.00 on Friday. Criteo has a fifty-two week low of $16.15 and a fifty-two week high of $38.48. The firm’s 50-day simple moving average is $18.76 and its two-hundred day simple moving average is $20.24. The stock has a market cap of $847.62 million, a PE ratio of 6.42 and a beta of 0.38.

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.