Weekly Research Analysts’ Ratings Changes for Criteo (CRTO)

Several brokerages have updated their recommendations and price targets on shares of Criteo (NASDAQ: CRTO) in the last few weeks:

• 11/12/2024 – Criteo was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating.
• 11/4/2024 – Criteo was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating.
• 10/31/2024 – Criteo had its price target lowered by analysts at Susquehanna from $50.00 to $36.00. They now have a “neutral” rating on the stock.
• 10/31/2024 – Criteo had its price target lowered by analysts at DA Davidson from $58.00 to $53.00. They now have a “buy” rating on the stock.
• 10/28/2024 – Criteo is now covered by analysts at Wells Fargo & Company. They set an “overweight” rating and a $70.00 price target on the stock.
• 10/10/2024 – Criteo had its “buy” rating reaffirmed by analysts at Benchmark Co.. They now have a $56.00 price target on the stock.

Criteo Price Performance

CRTO stock opened at $36.87 on Tuesday. The firm has a market cap of $2.06 billion, a PE ratio of 25.08 and a beta of 1.02. Criteo S.A. has a 12 month low of $22.65 and a 12 month high of $49.93. The firm has a 50 day simple moving average of $40.53 and a 200 day simple moving average of $40.73.

Insider Activity at Criteo

In other Criteo news, insider Brian Gleason sold 2,841 shares of the firm’s stock in a transaction dated Tuesday, October 29th. The shares were sold at an average price of $41.10, for a total value of $116,765.10. Following the completion of the transaction, the insider now directly owns 146,470 shares in the company, valued at $6,019,917. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. In related news, CFO Sarah Js Glickman sold 5,442 shares of the company’s stock in a transaction on Wednesday, October 23rd. The stock was sold at an average price of $40.60, for a total transaction of $220,945.20. Following the transaction, the chief financial officer now directly owns 313,398 shares of the company’s stock, valued at approximately $12,723,958.80. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Brian Gleason sold 2,841 shares of the stock in a transaction dated Tuesday, October 29th. The stock was sold at an average price of $41.10, for a total value of $116,765.10. Following the completion of the sale, the insider now directly owns 146,470 shares of the company’s stock, valued at approximately $6,019,917. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.71% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Criteo

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. GAMMA Investing LLC increased its stake in shares of Criteo by 67.3% during the 2nd quarter. GAMMA Investing LLC now owns 738 shares of the information services provider’s stock worth $28,000 after purchasing an additional 297 shares during the last quarter. Assetmark Inc. increased its position in Criteo by 8.2% during the third quarter. Assetmark Inc. now owns 5,616 shares of the information services provider’s stock worth $226,000 after buying an additional 424 shares during the last quarter. QRG Capital Management Inc. raised its holdings in Criteo by 3.5% during the third quarter. QRG Capital Management Inc. now owns 15,518 shares of the information services provider’s stock valued at $624,000 after buying an additional 518 shares in the last quarter. Bessemer Group Inc. lifted its position in shares of Criteo by 5.2% in the first quarter. Bessemer Group Inc. now owns 13,803 shares of the information services provider’s stock worth $484,000 after buying an additional 682 shares during the last quarter. Finally, Waterfront Wealth Inc. boosted its stake in shares of Criteo by 1.2% during the 2nd quarter. Waterfront Wealth Inc. now owns 58,280 shares of the information services provider’s stock worth $2,198,000 after acquiring an additional 686 shares in the last quarter. Hedge funds and other institutional investors own 94.27% of the company’s stock.

Criteo SA, a technology company, provides marketing and monetization services on the open Internet in North and South America, Europe, the Middle East, Africa, and the Asia-Pacific. The company's Criteo Shopper Graph, which derives clients' proprietary commerce data, such as transaction activity on their digital properties.