Stifel Nicolaus Lowers Criteo (NASDAQ:CRTO) Price Target to $29.00

Key Points

• Stifel Nicolaus cut its price target on Criteo to $29 from $30 but kept a "buy" rating, implying about 61.35% upside versus the current share price (around $17.97).
• Analyst views are mixed — MarketBeat shows a consensus rating of "Hold" with an average price target of $30.45, based on six Buy, four Hold and one Sell recommendations.
• Criteo shares trade near $17.97 with a market cap of ~$896M and a P/E of 6.77; a director bought 5,000 shares at $17.81 and institutional investors own about 94.27% of the stock.

Criteo (NASDAQ:CRTO - Get Free Report) had its price target dropped by research analysts at Stifel Nicolaus from $30.00 to $29.00 in a research note issued on Monday,Benzinga reports. The brokerage currently has a "buy" rating on the information services provider's stock. Stifel Nicolaus' price objective would indicate a potential upside of 61.35% from the stock's current price.

Other research analysts have also issued research reports about the stock. Weiss Ratings reaffirmed a "sell (d+)" rating on shares of Criteo in a research note on Wednesday, January 21st. Morgan Stanley set a $33.00 target price on shares of Criteo in a research note on Thursday, February 12th. Wells Fargo & Company reduced their target price on shares of Criteo from $40.00 to $35.00 and set an "overweight" rating on the stock in a research note on Tuesday, February 10th. BMO Capital Markets reaffirmed an "outperform" rating and issued a $35.00 target price on shares of Criteo in a research note on Thursday, February 12th. Finally, Sanford C. Bernstein set a $43.00 target price on shares of Criteo in a research note on Thursday, February 12th. Six analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Criteo currently has an average rating of "Hold" and a consensus price target of $30.45.

Criteo Price Performance

Shares of NASDAQ CRTO traded up $0.15 during mid-day trading on Monday, hitting $17.97. The company's stock had a trading volume of 9,649 shares, compared to its average volume of 521,641. The stock has a market cap of $896.13 million, a price-to-earnings ratio of 6.77 and a beta of 0.36. Criteo has a one year low of $16.15 and a one year high of $35.10. The company's fifty day simple moving average is $18.15 and its 200-day simple moving average is $19.76.

Insider Buying and Selling at Criteo

In other news, Director Der Kooi Frederik Van purchased 5,000 shares of the business's stock in a transaction that occurred on Friday, March 13th. The shares were acquired at an average cost of $17.81 per share, for a total transaction of $89,050.00. Following the transaction, the director directly owned 26,600 shares of the company's stock, valued at approximately $473,746. The trade was a 23.15% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this link. 1.66% of the stock is owned by corporate insiders.

Institutional Trading of Criteo

Several hedge funds have recently bought and sold shares of CRTO. Rockefeller Capital Management L.P. raised its holdings in Criteo by 185.8% during the 4th quarter. Rockefeller Capital Management L.P. now owns 1,446 shares of the information services provider's stock worth $30,000 after buying an additional 940 shares during the period. Raymond James Financial Inc. acquired a new stake in Criteo during the 2nd quarter worth approximately $30,000. Covestor Ltd raised its holdings in Criteo by 125.2% during the 3rd quarter. Covestor Ltd now owns 1,763 shares of the information services provider's stock worth $40,000 after buying an additional 980 shares during the period. Jones Financial Companies Lllp raised its holdings in 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 period. Finally, Parallel Advisors LLC raised its holdings in Criteo by 142.3% during the 3rd quarter. Parallel Advisors LLC now owns 2,081 shares of the information services provider's stock worth $47,000 after buying an additional 1,222 shares during the period. 94.27% of the stock is currently owned by institutional investors and hedge funds.

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.

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