AdTheorent Holding Company, Inc. (NASDAQ:ADTH) Sees Significant Growth in Short Interest

AdTheorent Holding Company, Inc. (NASDAQ:ADTH) was the recipient of a large increase in short interest in April. As of April 15th, there was short interest totalling 642,900 shares, an increase of 13.0% from the March 31st total of 568,800 shares. Based on an average daily volume of 771,700 shares, the days-to-cover ratio is currently 0.8 days. Approximately 3.1% of the shares of the company are short sold.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the stock. JMP Securities reissued a “market perform” rating on shares of AdTheorent in a report on Monday, April 1st. Noble Financial reaffirmed a “market perform” rating on shares of AdTheorent in a report on Tuesday, April 2nd. Benchmark lifted their price objective on AdTheorent from $6.00 to $7.00 and gave the stock a “buy” rating in a research report on Wednesday, March 13th. Finally, Needham & Company LLC upped their target price on AdTheorent from $3.00 to $3.75 and gave the company a “buy” rating in a report on Wednesday, March 13th.

AdTheorent Price Performance

NASDAQ:ADTH opened at $3.25 on Monday. The company’s 50-day moving average is $3.15 and its two-hundred day moving average is $2.21. AdTheorent has a 1-year low of $1.11 and a 1-year high of $3.98. The firm has a market capitalization of $295.43 million, a price-to-earnings ratio of -325.00 and a beta of 1.25.

AdTheorent (NASDAQ:ADTH) last posted its earnings results on Tuesday, March 12th. The company reported $0.01 EPS for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.06). The business had revenue of $59.66 million during the quarter, compared to the consensus estimate of $56.20 million. As a group, equities analysts anticipate that AdTheorent will post 0.06 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Norden Group LLC purchased a new stake in shares of AdTheorent in the 1st quarter valued at approximately $37,000. Kathmere Capital Management LLC purchased a new position in shares of AdTheorent in the 1st quarter valued at about $39,000. Bailard Inc. purchased a new stake in AdTheorent during the third quarter worth $84,000. Mesirow Financial Investment Management Inc. acquired a new position in AdTheorent in the 1st quarter valued at $108,000. Finally, Teton Advisors Inc. lifted its stake in shares of AdTheorent by 183.3% during the 3rd quarter. Teton Advisors Inc. now owns 85,000 shares of the company’s stock worth $110,000 after purchasing an additional 55,000 shares during the period. Hedge funds and other institutional investors 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.