AdTheorent (NASDAQ:ADTH) Earns Market Outperform Rating from JMP Securities

JMP Securities restated their market outperform rating on shares of AdTheorent (NASDAQ:ADTH – Get Rating) in a research report released on Thursday morning, Benzinga reports. JMP Securities currently has a $3.00 price objective on the stock.

Other research analysts have also recently issued reports about the stock. Cowen cut shares of AdTheorent from an outperform rating to a market perform rating and decreased their target price for the stock from $4.00 to $2.50 in a report on Monday, November 21st. Benchmark cut their price objective on shares of AdTheorent to $6.00 in a research report on Wednesday, November 16th. Needham & Company LLC reissued a buy rating and issued a $3.00 price target on shares of AdTheorent in a research report on Friday, March 3rd. Finally, Cowen downgraded shares of AdTheorent from an outperform rating to a market perform rating and decreased their price target for the stock from $4.00 to $2.50 in a research note on Monday, November 21st. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of Hold and a consensus price target of $3.57.

AdTheorent Stock Up 3.3 %

ADTH stock opened at $1.58 on Thursday. The stock has a market cap of $138.44 million, a PE ratio of 5.85, a price-to-earnings-growth ratio of 0.42 and a beta of 1.01. The firm’s 50-day simple moving average is $1.69 and its 200 day simple moving average is $1.87. AdTheorent has a fifty-two week low of $1.37 and a fifty-two week high of $11.00.

AdTheorent (NASDAQ:ADTH – Get Rating) last released its earnings results on Thursday, March 2nd. The company reported $0.04 EPS for the quarter, meeting the consensus estimate of $0.04. AdTheorent had a net margin of 17.67% and a return on equity of 10.21%. The firm had revenue of $51.78 million for the quarter. During the same period in the previous year, the business posted ($0.06) EPS. Equities analysts forecast that AdTheorent will post 0.13 EPS for the current fiscal year.

Hedge Funds Weigh In On AdTheorent

Several large investors have recently bought and sold shares of ADTH. Royal Bank of Canada raised its position in shares of AdTheorent by 2,647.0% during the first quarter. Royal Bank of Canada now owns 2,747 shares of the company’s stock worth $27,000 after acquiring an additional 2,647 shares during the last quarter. JPMorgan Chase & Co. grew its stake in AdTheorent by 35.6% in the fourth quarter. JPMorgan Chase & Co. now owns 26,845 shares of the company’s stock valued at $44,000 after acquiring an additional 7,046 shares during the period. California State Teachers Retirement System boosted its position in shares of AdTheorent by 32.6% during the third quarter. California State Teachers Retirement System now owns 32,781 shares of the company’s stock valued at $70,000 after buying an additional 8,060 shares during the last quarter. Legal & General Group Plc purchased a new position in shares of AdTheorent during the second quarter valued at approximately $28,000. Finally, UBS Group AG boosted its position in AdTheorent by 1,078.3% in the second quarter. UBS Group AG now owns 12,914 shares of the company’s stock worth $40,000 after purchasing an additional 11,818 shares during the last quarter. 14.53% of the stock is currently owned by institutional investors.

About AdTheorent

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AdTheorent Holding Company, Inc, a digital media platform, provides machine learning platform for advertisers and marketers in the United States and Canada. The company offers predictive targeting, geo-intelligence, and cross-environment map solutions, as well as Studio A\T. It serves pharmaceutical/healthcare, dining, retail, and travel and hospitality, as well as banking, financial services and insurance industries.