AdTheorent (NASDAQ:ADTH) Downgraded to Market Perform at Cowen

Cowen lowered shares of AdTheorent (NASDAQ:ADTHGet Rating) from an outperform rating to a market perform rating in a research report released on Monday, The Fly reports. They currently have $2.50 price target on the stock, down from their previous price target of $4.00.

A number of other analysts have also commented on the company. Bank of America lowered AdTheorent from a buy rating to an underperform rating and decreased their price objective for the company from $8.00 to $2.00 in a research note on Thursday, November 10th. Cowen cut their price objective on AdTheorent to $5.00 in a report on Monday, August 15th. JMP Securities cut their price objective on AdTheorent from $5.00 to $3.00 and set a market outperform rating on the stock in a report on Monday, November 14th. Canaccord Genuity Group dropped their target price on AdTheorent from $9.00 to $6.00 in a report on Friday, November 11th. Finally, Needham & Company LLC dropped their target price on AdTheorent from $5.00 to $3.00 and set a buy rating on the stock in a report on Friday, November 11th. One analyst has rated the stock with a sell rating, two have given a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of Moderate Buy and a consensus target price of $5.44.

AdTheorent Trading Down 2.1 %

Shares of NASDAQ ADTH opened at $1.85 on Monday. AdTheorent has a twelve month low of $1.80 and a twelve month high of $11.90. The stock has a 50 day moving average of $2.06 and a two-hundred day moving average of $3.54. The stock has a market cap of $160.77 million, a P/E ratio of 3.94 and a beta of 1.01.

AdTheorent (NASDAQ:ADTHGet Rating) last announced its quarterly earnings data on Thursday, November 10th. The company reported $0.06 earnings per share for the quarter. AdTheorent had a return on equity of 3.76% and a net margin of 24.38%. The firm had revenue of $37.58 million for the quarter. As a group, research analysts predict that AdTheorent will post 0.11 earnings per share for the current year.

Hedge Funds Weigh In On AdTheorent

Hedge funds have recently modified their holdings of the stock. BlackRock Inc. grew its holdings in shares of AdTheorent by 45.8% during the third quarter. BlackRock Inc. now owns 1,911,982 shares of the company’s stock valued at $4,111,000 after buying an additional 600,836 shares in the last quarter. Vanguard Group Inc. acquired a new stake in shares of AdTheorent in the first quarter worth about $15,679,000. AMG National Trust Bank acquired a new stake in shares of AdTheorent in the second quarter worth about $2,164,000. Raymond James & Associates acquired a new stake in shares of AdTheorent in the first quarter worth about $4,975,000. Finally, State Street Corp lifted its position in shares of AdTheorent by 12.6% in the third quarter. State Street Corp now owns 385,789 shares of the company’s stock worth $829,000 after buying an additional 43,074 shares during the last quarter. 14.41% of the stock is currently owned by institutional investors and hedge funds.

About AdTheorent

(Get Rating)

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.

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