Cannell Capital LLC Acquires Shares of 328,543 Criteo S.A. $CRTO

Key Points

• Cannell Capital LLC bought 328,543 shares of Criteo in Q3 (about $7.43 million), making CRTO 1.1% of its portfolio (its 21st largest holding) and representing roughly 0.63% ownership of the company.
• Criteo shares recently traded around $17.72 with a market capitalization of about $883.5 million, a PE ratio of 6.69, and a 52-week range of $16.15–$38.48.
• Analysts have an average rating of "Hold" on CRTO with an average price target of $30.55 (six Buys, four Holds, one Sell).

Cannell Capital LLC bought a new position in shares of Criteo S.A. (NASDAQ:CRTO - Free Report) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 328,543 shares of the information services provider's stock, valued at approximately $7,425,000. Criteo accounts for 1.1% of Cannell Capital LLC's portfolio, making the stock its 21st largest holding. Cannell Capital LLC owned 0.63% of Criteo as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in CRTO. Raymond James Financial Inc. bought a new position in shares of Criteo in the 2nd quarter worth $30,000. Covestor Ltd increased its holdings in Criteo by 125.2% in the third 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. Jones Financial Companies Lllp increased its holdings in Criteo by 1,376.7% in the first quarter. Jones Financial Companies Lllp now owns 1,270 shares of the information services provider's stock valued at $45,000 after purchasing an additional 1,184 shares during the last quarter. Parallel Advisors LLC lifted its stake in Criteo by 142.3% in the third quarter. Parallel Advisors LLC now owns 2,081 shares of the information services provider's stock valued at $47,000 after buying an additional 1,222 shares during the period. Finally, TD Private Client Wealth LLC boosted its holdings in Criteo by 21.2% during the third quarter. TD Private Client Wealth LLC now owns 2,916 shares of the information services provider's stock worth $66,000 after buying an additional 511 shares during the last quarter. Institutional investors own 94.27% of the company's stock.

Insiders Place Their Bets

In other Criteo news, insider Ryan Damon sold 3,222 shares of Criteo stock in a transaction that occurred 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 transaction, 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 1.66% of the company's stock.

Criteo Price Performance

NASDAQ:CRTO opened at $17.72 on Friday. Criteo S.A. has a fifty-two week low of $16.15 and a fifty-two week high of $38.48. The stock has a market capitalization of $883.52 million, a PE ratio of 6.69 and a beta of 0.38. The business's 50-day simple moving average is $19.07 and its 200-day simple moving average is $20.50.

Analyst Ratings Changes

CRTO has been the subject of several analyst reports. Sanford C. Bernstein set a $43.00 target price on Criteo in a research report on Thursday, February 12th. BMO Capital Markets reiterated an "outperform" rating and issued a $35.00 price target on shares of Criteo in a research report on Thursday, February 12th. Susquehanna set a $18.00 price objective on shares of Criteo in a research note on Thursday, February 12th. Morgan Stanley set a $33.00 price objective on shares of Criteo in a report on Thursday, February 12th. Finally, Wells Fargo & Company cut their target price 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. Six research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Criteo has an average rating of "Hold" and an average price target of $30.55.

Criteo 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.

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