Raymond James & Associates increased its holdings in AdTheorent Holding Company, Inc. (NASDAQ:ADTH – Free Report) by 13.3% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 127,000 shares of the company’s stock after buying an additional 14,876 shares during the period. Raymond James & Associates’ holdings in AdTheorent were worth $164,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other large investors have also added to or reduced their stakes in ADTH. JPMorgan Chase & Co. purchased a new position in shares of AdTheorent during the 1st quarter valued at about $110,000. Bank of New York Mellon Corp acquired a new stake in shares of AdTheorent in the first quarter valued at about $187,000. BlackRock Inc. purchased a new stake in shares of AdTheorent during the first quarter worth about $5,993,000. Vanguard Group Inc. acquired a new position in shares of AdTheorent during the 1st quarter worth about $15,679,000. Finally, Charles Schwab Investment Management Inc. purchased a new position in AdTheorent in the 1st quarter valued at about $2,475,000. 15.95% of the stock is currently owned by institutional investors.
AdTheorent Price Performance
ADTH opened at $2.67 on Thursday. The firm has a market capitalization of $235.60 million, a price-to-earnings ratio of 44.50 and a beta of 1.22. The company’s 50 day simple moving average is $1.88 and its two-hundred day simple moving average is $1.50. AdTheorent Holding Company, Inc. has a 1-year low of $1.11 and a 1-year high of $3.02.
Analyst Ratings Changes
Several equities analysts have recently weighed in on the company. Noble Financial began coverage on AdTheorent in a research report on Thursday, November 30th. They issued an “outperform” rating and a $4.00 target price on the stock. Needham & Company LLC lifted their target price on shares of AdTheorent from $2.00 to $3.00 and gave the stock a “buy” rating in a research note on Monday, January 22nd.
AdTheorent Holding Company, Inc, a digital media platform, provides programmatic digital advertising services for advertising agency and brand customers in the United States, Canada, the United Kingdom, France, 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.
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