Wall Street Zen Downgrades Criteo (NASDAQ:CRTO) to Buy

Criteo (NASDAQ:CRTO) was downgraded by analysts at Wall Street Zen from a “strong-buy” rating to a “buy” rating in a note issued to investors on Saturday.

CRTO has been the topic of a number of other reports. Morgan Stanley set a $33.00 target price on Criteo in a research note on Thursday. BMO Capital Markets reiterated an “outperform” rating and issued a $35.00 price objective on shares of Criteo in a research report on Thursday. Citigroup reduced their target price on shares of Criteo from $34.00 to $26.00 and set a “buy” rating for the company in a research note on Thursday. Susquehanna set a $18.00 price target on shares of Criteo in a research note on Thursday. Finally, Benchmark cut their price target on Criteo from $38.00 to $30.00 and set a “buy” rating on the stock in a report on Tuesday. Six analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Criteo currently has a consensus rating of “Hold” and an average target price of $30.55.

Criteo Trading Down 2.2%

Shares of NASDAQ CRTO opened at $17.81 on Friday. Criteo has a 12-month low of $16.55 and a 12-month high of $47.25. The company has a market cap of $910.98 million, a price-to-earnings ratio of 6.72 and a beta of 0.49. The stock’s 50 day simple moving average is $19.94 and its 200 day simple moving average is $21.30.

Insider Buying and Selling

In related news, CFO Sarah Js Glickman sold 3,982 shares of the business’s stock in a transaction that occurred on Monday, November 24th. The stock was sold at an average price of $19.51, for a total transaction of $77,688.82. Following the sale, the chief financial officer owned 353,227 shares of the company’s stock, valued at $6,891,458.77. The trade was 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 the SEC website. Also, insider Ryan Damon sold 3,394 shares of the company’s stock in a transaction that occurred on Monday, November 24th. The stock was sold at an average price of $19.51, for a total value of $66,216.94. Following the completion of the sale, the insider owned 117,508 shares of the company’s stock, valued at $2,292,581.08. This trade represents a 2.81% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 10,598 shares of company stock worth $211,697 in the last quarter. Company insiders own 1.66% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of CRTO. Morgan Stanley raised its position in Criteo by 21.6% in the fourth quarter. Morgan Stanley now owns 4,723,794 shares of the information services provider’s stock worth $97,357,000 after acquiring an additional 838,523 shares in the last quarter. Nierenberg Investment Management Company LLC raised its holdings in shares of Criteo by 109.2% in the 4th quarter. Nierenberg Investment Management Company LLC now owns 888,888 shares of the information services provider’s stock worth $18,320,000 after purchasing an additional 463,929 shares in the last quarter. Headlands Technologies LLC lifted its stake in Criteo by 34.1% during the fourth quarter. Headlands Technologies LLC now owns 16,101 shares of the information services provider’s stock valued at $332,000 after purchasing an additional 4,094 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in Criteo by 13.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 98,336 shares of the information services provider’s stock valued at $2,027,000 after purchasing an additional 11,379 shares during the last quarter. Finally, Heron Bay Capital Management bought a new stake in Criteo during the fourth quarter worth approximately $242,000. Institutional investors own 94.27% of the company’s stock.

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.