Wells Fargo & Company Lowers Criteo (NASDAQ:CRTO) Price Target to $35.00

Criteo (NASDAQ:CRTO) had its target price decreased by investment analysts at Wells Fargo & Company from $40.00 to $35.00 in a note issued to investors on Tuesday,Benzinga reports. The firm currently has an “overweight” rating on the information services provider’s stock. Wells Fargo & Company‘s target price points to a potential upside of 84.84% from the company’s previous close.

Several other equities research analysts have also weighed in on CRTO. DA Davidson set a $38.00 target price on shares of Criteo in a report on Thursday, October 30th. Benchmark dropped their target price on shares of Criteo from $42.00 to $38.00 and set a “buy” rating on the stock in a report on Tuesday, October 28th. Morgan Stanley dropped their target price on shares of Criteo from $36.00 to $34.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 13th. Zacks Research lowered Criteo from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 2nd. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of Criteo in a research report on Wednesday, January 21st. Five analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $37.56.

Criteo Trading Down 0.0%

Shares of NASDAQ:CRTO opened at $18.94 on Tuesday. Criteo has a 1 year low of $17.83 and a 1 year high of $47.25. The business has a fifty day simple moving average of $20.06 and a 200 day simple moving average of $21.40. The firm has a market cap of $968.53 million, a price-to-earnings ratio of 6.41 and a beta of 0.49.

Insider Activity at Criteo

In other Criteo news, CFO Sarah Js Glickman sold 3,982 shares of the firm’s stock in a transaction dated Monday, November 24th. The shares were sold at an average price of $19.51, for a total value of $77,688.82. Following the completion of the sale, the chief financial officer owned 353,227 shares of the company’s stock, valued at $6,891,458.77. This trade represents a 1.11% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Ryan Damon sold 3,222 shares of Criteo stock in a transaction on Wednesday, December 17th. The shares were sold at an average price of $21.04, for a total value 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 trade represents a 2.74% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 10,598 shares of company stock worth $211,697 in the last three months. 1.66% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Raymond James Financial Inc. acquired a new stake in shares of Criteo in the second quarter valued at about $30,000. Jones Financial Companies Lllp increased its holdings in shares of Criteo by 1,376.7% during the 1st 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 during the last quarter. Covestor Ltd lifted its stake in shares of Criteo by 125.2% in the 3rd 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 during the last quarter. Parallel Advisors LLC raised its stake in shares of Criteo by 142.3% in the 3rd quarter. Parallel Advisors LLC now owns 2,081 shares of the information services provider’s stock valued at $47,000 after acquiring an additional 1,222 shares during the period. Finally, Blue Trust Inc. grew its position in Criteo by 81.2% in the 2nd quarter. Blue Trust Inc. now owns 2,878 shares of the information services provider’s stock valued at $69,000 after acquiring an additional 1,290 shares in the last quarter. Institutional investors and hedge funds 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.