AdTheorent (NASDAQ:ADTH) Trading 4.8% Higher

AdTheorent Holding Company, Inc. (NASDAQ:ADTH – Get Rating) traded up 4.8% on Tuesday . The company traded as high as $1.56 and last traded at $1.54. 151,226 shares traded hands during trading, an increase of 36% from the average session volume of 110,909 shares. The stock had previously closed at $1.47.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. JMP Securities reaffirmed a “market outperform” rating and set a $3.00 target price on shares of AdTheorent in a research report on Thursday, March 16th. Needham & Company LLC reiterated a “buy” rating and issued a $3.00 price target on shares of AdTheorent in a report on Friday, March 3rd. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, AdTheorent presently has a consensus rating of “Hold” and an average target price of $3.57.

AdTheorent Stock Performance

The stock has a fifty day moving average price of $1.52 and a 200-day moving average price of $1.66. The firm has a market capitalization of $135.23 million, a PE ratio of 2.20 and a beta of 1.05.

AdTheorent (NASDAQ:ADTH – Get Rating) last announced its earnings results on Thursday, March 2nd. The company reported $0.04 earnings per share for the quarter, hitting the consensus estimate of $0.04. AdTheorent had a return on equity of 12.51% and a net margin of 40.03%. The firm had revenue of $51.78 million for the quarter. During the same quarter last year, the firm earned ($0.06) earnings per share. Research analysts expect that AdTheorent Holding Company, Inc. will post 0.08 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in ADTH. SG Americas Securities LLC purchased a new position in AdTheorent during the 1st quarter worth $26,000. Royal Bank of Canada grew its stake in AdTheorent by 2,647.0% during the 1st quarter. Royal Bank of Canada now owns 2,747 shares of the company’s stock valued at $27,000 after purchasing an additional 2,647 shares during the last quarter. BNP Paribas Arbitrage SNC purchased a new stake in AdTheorent during the 3rd quarter valued at about $28,000. Legal & General Group Plc purchased a new stake in AdTheorent during the 2nd quarter valued at about $28,000. Finally, HRT Financial LP purchased a new stake in AdTheorent during the 4th quarter valued at about $30,000. 14.53% of the stock is currently owned by hedge funds and other institutional investors.

About AdTheorent

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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.