Shares of AdTheorent Holding Company, Inc. (NASDAQ:ADTH – Get Rating) were down 1.2% on Thursday . The stock traded as low as $1.65 and last traded at $1.67. Approximately 50,591 shares changed hands during mid-day trading, a decline of 36% from the average daily volume of 79,006 shares. The stock had previously closed at $1.69.
Wall Street Analysts Forecast Growth
Several equities analysts have commented on the stock. Cowen cut 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 research note on Monday, November 21st. Benchmark cut their price target on shares of AdTheorent to $6.00 in a report on Wednesday, November 16th. Bank of America cut shares of AdTheorent from a "buy" rating to an "underperform" rating and reduced their target price for the stock from $8.00 to $2.00 in a report on Thursday, November 10th. Canaccord Genuity Group dropped their price target on AdTheorent from $9.00 to $6.00 in a report on Friday, November 11th. Finally, Cowen lowered shares of AdTheorent from an "outperform" rating to a "market perform" rating and reduced their price objective for the company from $4.00 to $2.50 in a research note on Monday, November 21st. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $3.57.
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AdTheorent Price Performance
The stock's 50 day simple moving average is $1.72 and its 200-day simple moving average is $2.23. The stock has a market capitalization of $151.21 million, a price-to-earnings ratio of 3.70 and a beta of 0.95.
AdTheorent (NASDAQ:ADTH – Get Rating) last issued its quarterly earnings data on Thursday, November 10th. The company reported $0.06 earnings per share (EPS) for the quarter. The firm had revenue of $37.58 million during the quarter. AdTheorent had a net
margin of 24.38% and a return on equity of 3.76%. As a group, equities research analysts anticipate that AdTheorent Holding Company, Inc. will post 0.11 earnings per share for the current fiscal year.
Institutional Investors Weigh In On AdTheorent
Large investors have recently added to or reduced their stakes in the stock. Bank of New York Mellon Corp lifted its stake in shares of AdTheorent by 101.4% in the third quarter. Bank of New York Mellon Corp now owns 92,195 shares of the company's stock worth $198,000 after buying an additional 46,412 shares during the last quarter. California State Teachers Retirement System lifted its position in AdTheorent by 32.6% during the 3rd quarter. California State Teachers Retirement System now owns 32,781 shares of the company's stock worth $70,000 after acquiring an additional 8,060 shares during the last quarter. BNP Paribas Arbitrage SNC bought a new stake in AdTheorent during the third quarter valued at about $28,000. State Street Corp grew its position in shares of AdTheorent by 12.6% in the third quarter. State Street Corp now owns 385,789 shares of the company's stock valued at $829,000 after purchasing an additional 43,074 shares during the last quarter. Finally, Vanguard Group Inc. increased its position in AdTheorent by 18.3% in the 3rd quarter. Vanguard Group Inc. now owns 929,146 shares of the company's stock worth $1,997,000 after buying an additional 143,582 shares during the period. Institutional investors own 14.53% of the company's stock.
AdTheorent Company Profile
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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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