Cowen cut shares of AdTheorent (NASDAQ:ADTH – Get Rating) from an outperform rating to a market perform rating in a report issued on Monday, MarketBeat reports. They currently have $2.50 price target on the stock, down from their prior price target of $4.00.
A number of other brokerages have also recently issued reports on ADTH. JMP Securities decreased their price objective on shares of AdTheorent from $5.00 to $3.00 and set a market outperform rating on the stock in a research note on Monday, November 14th. Needham & Company LLC decreased their price objective on shares of AdTheorent from $5.00 to $3.00 and set a buy rating on the stock in a research note on Friday, November 11th. Benchmark decreased their price objective on shares of AdTheorent to $6.00 in a research note on Wednesday, November 16th. Canaccord Genuity Group decreased their price objective on shares of AdTheorent from $9.00 to $6.00 in a research note on Friday, November 11th. Finally, Cowen cut shares of AdTheorent from an outperform rating to a market perform rating and decreased their price objective for the company from $4.00 to $2.50 in a research note on Monday. One analyst has rated the stock with a sell rating, two have assigned a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of Moderate Buy and a consensus target price of $5.44.
AdTheorent Trading Down 2.1 %
NASDAQ ADTH opened at $1.85 on Monday. AdTheorent has a 1-year low of $1.80 and a 1-year high of $11.90. The company has a 50 day moving average of $2.06 and a 200-day moving average of $3.54. The company has a market cap of $160.77 million, a price-to-earnings ratio of 3.94 and a beta of 1.01.
Institutional Trading of AdTheorent
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. bought a new stake in shares of AdTheorent in the first quarter worth $15,679,000. AMG National Trust Bank bought a new stake in shares of AdTheorent in the second quarter worth $2,164,000. BlackRock Inc. bought a new stake in shares of AdTheorent in the first quarter worth $5,993,000. Raymond James & Associates bought a new stake in shares of AdTheorent in the first quarter worth $4,975,000. Finally, Charles Schwab Investment Management Inc. bought a new stake in shares of AdTheorent in the first quarter worth $2,475,000. Institutional investors own 14.41% of the company’s stock.
AdTheorent Company Profile
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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