Criteo (NASDAQ:CRTO) Downgraded by Wall Street Zen to “Hold”

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

A number of other research analysts have also recently commented on the stock. Susquehanna set a $18.00 target price on shares of Criteo in a research report on Thursday, February 12th. Zacks Research lowered shares of Criteo from a “strong-buy” rating to a “hold” rating in a report on Tuesday, December 2nd. Sanford C. Bernstein set a $43.00 price target on shares of Criteo in a research note on Thursday, February 12th. Wells Fargo & Company cut their price objective on shares of Criteo from $40.00 to $35.00 and set an “overweight” rating on the stock in a report on Tuesday, February 10th. Finally, DA Davidson set a $28.50 price objective on shares of Criteo in a research report on Thursday, February 12th. Six investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $30.55.

Criteo Stock Performance

Criteo stock opened at $19.74 on Friday. The firm has a market capitalization of $1.01 billion, a PE ratio of 7.45 and a beta of 0.38. Criteo has a one year low of $16.15 and a one year high of $38.48. The stock’s 50 day moving average price is $19.27 and its 200 day moving average price is $20.72.

Insider Buying and Selling at Criteo

In other news, insider Ryan Damon sold 3,222 shares of the business’s stock in a transaction dated Wednesday, December 17th. The shares were sold at an average price of $21.04, for a total value of $67,790.88. Following the completion of the sale, the insider owned 114,286 shares of the company’s stock, valued at approximately $2,404,577.44. The trade was a 2.74% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 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 business. Neuberger Berman Group LLC increased its stake in Criteo by 19.8% during the third quarter. Neuberger Berman Group LLC now owns 7,840,788 shares of the information services provider’s stock valued at $177,176,000 after purchasing an additional 1,297,980 shares during the last quarter. Morgan Stanley lifted its position 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 buying an additional 838,523 shares during the last quarter. Alliancebernstein L.P. boosted its holdings in shares of Criteo by 1.9% in the 2nd quarter. Alliancebernstein L.P. now owns 4,411,988 shares of the information services provider’s stock valued at $105,711,000 after buying an additional 82,134 shares during the period. Senvest Management LLC boosted its holdings in shares of Criteo by 4.0% in the 4th quarter. Senvest Management LLC now owns 4,397,322 shares of the information services provider’s stock valued at $90,629,000 after buying an additional 170,000 shares during the period. Finally, DNB Asset Management AS grew its position in shares of Criteo by 2.9% during the 4th quarter. DNB Asset Management AS now owns 4,258,161 shares of the information services provider’s stock valued at $87,761,000 after buying an additional 121,477 shares during 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.