AdTheorent Holding Company, Inc. (NASDAQ:ADTH – Get Rating) fell 1.2% during trading on Thursday . The company traded as low as $1.65 and last traded at $1.67. 50,591 shares were traded during trading, a decline of 36% from the average session volume of 79,006 shares. The stock had previously closed at $1.69.
Analyst Upgrades and Downgrades
A number of brokerages have recently commented on ADTH. Bank of America downgraded shares of AdTheorent from a "buy" rating to an "underperform" rating and lowered their price target for the stock from $8.00 to $2.00 in a report on Thursday, November 10th. JMP Securities lowered their target price on shares of AdTheorent from $5.00 to $3.00 and set a "market outperform" rating for the company in a report on Monday, November 14th. Benchmark lowered their target price on shares of AdTheorent to $6.00 in a report on Wednesday, November 16th. Cowen downgraded shares of AdTheorent from an "outperform" rating to a "market perform" rating and lowered their target price for the company from $4.00 to $2.50 in a report on Monday, November 21st. Finally, Canaccord Genuity Group lowered their target price on shares of AdTheorent from $9.00 to $6.00 in a report on Friday, November 11th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $3.57.
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AdTheorent Price Performance
The stock has a market capitalization of $145.13 million, a price-to-earnings ratio of 3.55 and a beta of 0.95. The business's 50-day simple moving average is $1.74 and its two-hundred day simple moving average is $2.24.
AdTheorent (NASDAQ:ADTH – Get Rating) last announced its quarterly earnings results on Thursday, November 10th. The company reported $0.06 earnings per share for the quarter. The firm had revenue of $37.58 million for the quarter. AdTheorent had a net
margin of 24.38% and a return on equity of 3.76%. As a group, sell-side analysts expect that AdTheorent Holding Company, Inc. will post 0.11 EPS for the current year.
Institutional Inflows and Outflows
A number of institutional investors have recently made changes to their positions in the company. Bank of New York Mellon Corp lifted its position in shares of AdTheorent by 101.4% during the third quarter. Bank of New York Mellon Corp now owns 92,195 shares of the company's stock worth $198,000 after purchasing an additional 46,412 shares in the last quarter. California State Teachers Retirement System lifted 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 worth $70,000 after purchasing an additional 8,060 shares in the last quarter. BNP Paribas Arbitrage SNC acquired a new position in shares of AdTheorent during the third quarter worth $28,000. State Street Corp lifted its position in shares of AdTheorent by 12.6% during the third quarter. State Street Corp now owns 385,789 shares of the company's stock worth $829,000 after purchasing an additional 43,074 shares in the last quarter. Finally, Vanguard Group Inc. lifted its position in shares of AdTheorent by 18.3% during the third quarter. Vanguard Group Inc. now owns 929,146 shares of the company's stock worth $1,997,000 after purchasing an additional 143,582 shares in the last quarter. 14.53% of the stock is owned by institutional investors and hedge funds.
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 AT. It serves pharmaceutical/healthcare, dining, retail, and travel and hospitality, as well as banking, financial services and insurance industries.
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