Criteo (NASDAQ:CRTO) Downgraded to Equal Weight Rating by Wells Fargo & Company

Criteo (NASDAQ:CRTO) was downgraded by equities researchers at Wells Fargo & Company from an “overweight” rating to an “equal weight” rating in a report issued on Wednesday.

Several other research firms have also issued reports on CRTO. BMO Capital Markets restated an “outperform” rating and issued a $35.00 price target on shares of Criteo in a research report on Thursday, February 12th. Morgan Stanley set a $33.00 price objective on Criteo in a research note on Thursday, February 12th. DA Davidson set a $28.50 target price on Criteo in a report on Thursday, February 12th. Citigroup cut their target price on Criteo from $34.00 to $26.00 and set a “buy” rating on the stock in a research report on Thursday, February 12th. Finally, Benchmark dropped their price target on Criteo from $38.00 to $30.00 and set a “buy” rating on the stock in a research note on Tuesday, February 10th. Five investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $30.72.

Criteo Stock Performance

NASDAQ CRTO traded down $4.50 on Wednesday, reaching $15.63. The company’s stock had a trading volume of 1,047,080 shares, compared to its average volume of 468,215. Criteo has a twelve month low of $15.66 and a twelve month high of $30.64. The firm’s 50 day moving average is $18.43 and its two-hundred day moving average is $19.55. The stock has a market cap of $779.06 million, a PE ratio of 5.90 and a beta of 0.34.

Criteo (NASDAQ:CRTO) last announced its quarterly earnings data on Tuesday, March 31st. The information services provider reported $0.73 earnings per share (EPS) for the quarter. Criteo had a net margin of 7.52% and a return on equity of 17.15%. The company had revenue of $424.64 million for the quarter. Equities research analysts anticipate that Criteo will post 3.39 EPS for the current fiscal year.

Insider Transactions at Criteo

In other Criteo news, Director Der Kooi Frederik Van acquired 5,000 shares of the firm’s stock in a transaction on Friday, March 13th. The stock was purchased at an average cost of $17.81 per share, for a total transaction of $89,050.00. Following the transaction, the director owned 26,600 shares of the company’s stock, valued at $473,746. The trade was a 23.15% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 1.66% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in CRTO. Rockefeller Capital Management L.P. raised its stake in shares of 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 purchasing an additional 940 shares in the last quarter. Raymond James Financial Inc. acquired a new position in Criteo during the 2nd quarter worth $30,000. Covestor Ltd boosted its stake in Criteo by 125.2% during the 3rd 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 period. Jones Financial Companies Lllp boosted its position in shares of 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 acquiring an additional 1,184 shares during the period. Finally, Parallel Advisors LLC grew its position in Criteo by 142.3% in the 3rd quarter. Parallel Advisors LLC now owns 2,081 shares of the information services provider’s stock worth $47,000 after purchasing an additional 1,222 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.