Needham & Company LLC Reiterates “Hold” Rating for AdTheorent (NASDAQ:ADTH)

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

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

AdTheorent Stock Performance

Shares of ADTH opened at $3.42 on Monday. AdTheorent has a 52 week low of $1.11 and a 52 week high of $3.98. The stock has a 50 day moving average price of $3.19 and a two-hundred day moving average price of $2.30. The firm has a market capitalization of $310.88 million, a P/E 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 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.07 by ($0.06). AdTheorent had a positive return on equity of 0.77% and a negative net margin of 2.67%. The firm had revenue of $59.66 million during the quarter, compared to the consensus estimate of $56.20 million. On average, equities analysts forecast that AdTheorent will post 0.06 earnings per share for the current year.

Hedge Funds Weigh In On AdTheorent

Several hedge funds have recently made changes to their positions in ADTH. SG Americas Securities LLC bought a new position in AdTheorent in the 1st quarter worth about $55,000. Empowered Funds LLC bought a new position in shares of AdTheorent in the first quarter valued at approximately $167,000. Norden Group LLC purchased a new position in AdTheorent during the first quarter valued at approximately $37,000. FAS Wealth Partners Inc. bought a new stake in AdTheorent during the 1st quarter worth approximately $63,000. Finally, Mesirow Financial Investment Management Inc. bought a new position in AdTheorent in the 1st quarter valued at $108,000. 37.66% of the stock is currently owned by hedge funds and other institutional investors.

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.