AdTheorent (NASDAQ:ADTH) Downgraded by Cowen to “Market Perform”

Cowen lowered shares of AdTheorent (NASDAQ:ADTHGet Rating) to a market perform rating in a report released on Monday, Stock Target Advisor reports.

A number of other brokerages have also recently weighed in on ADTH. Bank of America cut AdTheorent from a buy rating to an underperform rating and decreased their price objective for the company from $8.00 to $2.00 in a report on Thursday, November 10th. JMP Securities reduced their price target on AdTheorent from $5.00 to $3.00 and set a market outperform rating on the stock in a research report on Monday, November 14th. Cowen lowered AdTheorent from an outperform rating to a market perform rating in a research report on Monday. Needham & Company LLC reduced their price target on AdTheorent from $5.00 to $3.00 and set a buy rating on the stock in a research report on Friday, November 11th. Finally, Canaccord Genuity Group reduced their price target on AdTheorent from $9.00 to $6.00 in a research report on Friday, November 11th. One research analyst has rated the stock with a sell rating, two have given a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of Moderate Buy and a consensus price target of $6.33.

AdTheorent Trading Up 4.3 %

Shares of NASDAQ ADTH opened at $1.95 on Monday. The stock has a market cap of $169.46 million, a price-to-earnings ratio of 4.15 and a beta of 1.01. AdTheorent has a 1-year low of $1.80 and a 1-year high of $11.90. The stock’s 50-day moving average is $2.07 and its 200 day moving average is $3.65.

Institutional Investors Weigh In On AdTheorent

A number of large investors have recently made changes to their positions in ADTH. JPMorgan Chase & Co. bought a new stake in shares of AdTheorent in the 1st quarter worth approximately $110,000. Raymond James & Associates bought a new stake in shares of AdTheorent in the 1st quarter worth approximately $4,975,000. Bank of New York Mellon Corp bought a new stake in shares of AdTheorent in the 1st quarter worth approximately $187,000. BlackRock Inc. bought a new stake in shares of AdTheorent in the 1st quarter worth approximately $5,993,000. Finally, Vanguard Group Inc. purchased a new position in shares of AdTheorent in the 1st quarter valued at approximately $15,679,000. 14.41% of the stock is currently owned by institutional investors.

AdTheorent Company Profile

(Get Rating)

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.

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Analyst Recommendations for AdTheorent (NASDAQ:ADTH)

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