AdTheorent (NASDAQ:ADTH) Receives “Market Perform” Rating from JMP Securities

JMP Securities reaffirmed their market perform rating on shares of AdTheorent (NASDAQ:ADTH) in a report released on Monday morning, Benzinga reports.

ADTH has been the topic of several other research reports. Benchmark increased 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. Needham & Company LLC raised their price target on AdTheorent from $3.00 to $3.75 and gave the stock a buy rating in a research report on Wednesday, March 13th.

AdTheorent Price Performance

ADTH stock opened at $3.28 on Monday. The stock has a market capitalization of $298.15 million, a price-to-earnings ratio of -328.00 and a beta of 1.25. The business’s fifty day moving average price is $2.97 and its two-hundred day moving average price is $1.94. AdTheorent has a fifty-two week low of $1.11 and a fifty-two week high of $3.98.

Institutional Trading of AdTheorent

A number of hedge funds have recently made changes to their positions in ADTH. Spouting Rock Asset Management LLC acquired a new position in shares of AdTheorent in the fourth quarter worth approximately $53,000. Townsquare Capital LLC acquired a new position in shares of AdTheorent in the fourth quarter worth approximately $107,000. Caz Investments LP lifted its stake in shares of AdTheorent by 14.3% in the fourth quarter. Caz Investments LP now owns 1,676,409 shares of the company’s stock worth $2,431,000 after acquiring an additional 210,000 shares during the period. Circumference Group LLC bought a new stake in AdTheorent in the fourth quarter worth approximately $516,000. Finally, Northern Trust Corp increased its holdings in AdTheorent by 23.8% in the fourth quarter. Northern Trust Corp now owns 65,619 shares of the company’s stock worth $95,000 after purchasing an additional 12,605 shares in the last quarter. 37.66% of the stock is owned by institutional investors and hedge funds.

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.