Needham & Company LLC Reiterates Hold Rating for AdTheorent (NASDAQ:ADTH)

Needham & Company LLC reissued their hold rating on shares of AdTheorent (NASDAQ:ADTH - Free Report) in a research report report published on Monday morning, Benzinga reports.

Several other equities analysts have also commented on the stock. JMP Securities reaffirmed a market perform rating on shares of AdTheorent in a research report on Monday, April 1st. Noble Financial reiterated a market perform rating on shares of AdTheorent in a research note on Tuesday, April 2nd. Finally, Benchmark raised their target price on AdTheorent from $6.00 to $7.00 and gave the stock a buy rating in a research note on Wednesday, March 13th.

AdTheorent Stock Performance

NASDAQ ADTH traded down $0.03 on Monday, hitting $3.21. 4,692,362 shares of the stock were exchanged, compared to its average volume of 841,721. AdTheorent has a 52-week low of $1.11 and a 52-week high of $3.98. The firm has a market capitalization of $291.80 million, a P/E ratio of -53.50 and a beta of 1.21. The stock has a fifty day moving average price of $3.19 and a two-hundred day moving average price of $2.28.

AdTheorent (NASDAQ:ADTH - Get Free Report) last announced its earnings results on Tuesday, March 12th. The company reported $0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.07 by ($0.06). The business had revenue of $59.66 million for the quarter, compared to analysts' expectations of $56.20 million. AdTheorent had a negative net margin of 2.67% and a positive return on equity of 0.77%. Sell-side analysts expect that AdTheorent will post 0.06 earnings per share for the current fiscal year.

Hedge Funds Weigh In On AdTheorent

Institutional investors and hedge funds have recently modified their holdings of the stock. Caz Investments LP grew its position in shares of AdTheorent by 14.3% during the 4th quarter. Caz Investments LP now owns 1,676,409 shares of the company's stock valued at $2,431,000 after acquiring an additional 210,000 shares during the period. Circumference Group LLC acquired a new stake in AdTheorent in the fourth quarter valued at approximately $516,000. Acadian Asset Management LLC increased its position in shares of AdTheorent by 147.3% in the third quarter. Acadian Asset Management LLC now owns 256,528 shares of the company's stock valued at $330,000 after buying an additional 152,788 shares in the last quarter. Miramar Capital LLC purchased a new position in shares of AdTheorent during the 3rd quarter valued at approximately $215,000. Finally, Raymond James & Associates grew its stake in AdTheorent by 13.3% in the 3rd quarter. Raymond James & Associates now owns 127,000 shares of the company's stock valued at $164,000 after acquiring an additional 14,876 shares during the period. Institutional investors and hedge funds own 37.66% of the company's stock.

About AdTheorent

AdTheorent Holding Company, Inc, a digital media platform, provides programmatic digital advertising services for advertising agency and brand customers in the United States, Canada, and internationally. It uses machine learning and advanced data science to organize, analyze, and operationalize non-sensitive data to deliver real-world value for customers.