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

AdTheorent (NASDAQ:ADTH)‘s stock had its “hold” rating reissued by stock analysts at Needham & Company LLC in a research note issued on Monday, Benzinga reports.

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

AdTheorent Price Performance

Shares of NASDAQ ADTH opened at $3.24 on Monday. AdTheorent has a 1 year low of $1.11 and a 1 year high of $3.98. The company’s 50-day moving average is $3.19 and its 200 day moving average is $2.28. The stock has a market capitalization of $294.52 million, a P/E ratio of -53.99 and a beta of 1.21.

AdTheorent (NASDAQ:ADTH) last announced its quarterly 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). AdTheorent had a negative net margin of 2.67% and a positive return on equity of 0.77%. The company had revenue of $59.66 million for the quarter, compared to analysts’ expectations of $56.20 million. Research analysts anticipate that AdTheorent will post 0.06 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Norden Group LLC purchased a new position in AdTheorent in the 1st quarter worth about $37,000. Kathmere Capital Management LLC bought a new stake in shares of AdTheorent in the first quarter worth approximately $39,000. FAS Wealth Partners Inc. purchased a new position in shares of AdTheorent during the first quarter valued at approximately $63,000. Mesirow Financial Investment Management Inc. bought a new position in AdTheorent during the first quarter valued at approximately $108,000. Finally, Bailard Inc. purchased a new stake in AdTheorent in the third quarter worth approximately $84,000. 37.66% of the stock is owned by institutional investors.

AdTheorent Company Profile

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.