AdTheorent Holding Company, Inc. (NASDAQ:ADTH) Short Interest Update

AdTheorent Holding Company, Inc. (NASDAQ:ADTH) was the target of a significant increase in short interest in March. As of March 31st, there was short interest totalling 568,800 shares, an increase of 20.9% from the March 15th total of 470,400 shares. Based on an average daily trading volume, of 610,600 shares, the days-to-cover ratio is currently 0.9 days. Currently, 1.9% of the shares of the stock are sold short.

Institutional Trading of AdTheorent

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Spouting Rock Asset Management LLC purchased a new stake in AdTheorent in the 4th quarter valued at about $53,000. Townsquare Capital LLC acquired a new position in shares of AdTheorent in the 4th quarter valued at about $107,000. Caz Investments LP lifted its stake in shares of AdTheorent by 14.3% in the 4th quarter. Caz Investments LP now owns 1,676,409 shares of the company’s stock valued at $2,431,000 after purchasing an additional 210,000 shares in the last quarter. Circumference Group LLC acquired a new position in shares of AdTheorent in the 4th quarter valued at about $516,000. Finally, Northern Trust Corp lifted its stake in shares of AdTheorent by 23.8% in the 4th quarter. Northern Trust Corp now owns 65,619 shares of the company’s stock valued at $95,000 after purchasing an additional 12,605 shares in the last quarter. Hedge funds and other institutional investors own 37.66% of the company’s stock.

Wall Street Analysts Forecast Growth

ADTH has been the subject of a number of recent research reports. JMP Securities reiterated a “market perform” rating on shares of AdTheorent in a research report on Monday, April 1st. Needham & Company LLC lifted their price objective on AdTheorent from $3.00 to $3.75 and gave the stock a “buy” rating in a research report on Wednesday, March 13th. 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, Noble Financial reiterated a “market perform” rating on shares of AdTheorent in a research report on Tuesday, April 2nd.

AdTheorent Price Performance

ADTH opened at $3.21 on Friday. The stock has a market capitalization of $291.80 million, a price-to-earnings ratio of -321.00 and a beta of 1.25. The business has a 50-day moving average of $3.05 and a two-hundred day moving average of $2.06. AdTheorent has a 12 month low of $1.11 and a 12 month high of $3.98.

AdTheorent (NASDAQ:ADTH) last posted its quarterly earnings results on Tuesday, March 12th. The company reported $0.01 EPS for the quarter, missing the consensus estimate 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. Equities research analysts anticipate that AdTheorent will post 0.06 earnings per share for the current year.

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.