AdTheorent (NASDAQ:ADTH) Stock Rating Reaffirmed by Needham & Company LLC

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

A number of other equities research analysts also recently issued reports on ADTH. Noble Financial restated a “market perform” rating on shares of AdTheorent in a research report on Tuesday, April 2nd. Benchmark raised their price target on AdTheorent from $6.00 to $7.00 and gave the stock a “buy” rating in a research report on Wednesday, March 13th. Finally, JMP Securities reiterated a “market perform” rating on shares of AdTheorent in a research report on Monday, April 1st.

AdTheorent Stock Up 6.5 %

Shares of AdTheorent stock opened at $3.42 on Monday. The business has a 50-day moving average price of $3.19 and a 200-day moving average price of $2.30. AdTheorent has a twelve month low of $1.11 and a twelve month high of $3.98. The firm has a market cap of $310.88 million, a price-to-earnings ratio of -56.99 and a beta of 1.21.

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). AdTheorent had a negative net margin of 2.67% and a positive return on equity of 0.77%. The firm had revenue of $59.66 million for the quarter, compared to the consensus estimate of $56.20 million. On average, equities analysts expect that AdTheorent will post 0.06 EPS for the current fiscal year.

Hedge Funds Weigh In On AdTheorent

Several hedge funds have recently bought and sold shares of the business. Norden Group LLC purchased a new stake in shares of AdTheorent during the first quarter valued at $37,000. Kathmere Capital Management LLC purchased a new stake in AdTheorent in the 1st quarter valued at about $39,000. SG Americas Securities LLC bought a new position in AdTheorent in the 1st quarter worth about $55,000. FAS Wealth Partners Inc. purchased a new position in shares of AdTheorent during the first quarter worth approximately $63,000. Finally, Bailard Inc. bought a new stake in shares of AdTheorent during the third quarter valued at approximately $84,000. Institutional investors own 37.66% of the company’s stock.

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.