AdTheorent Holding Company, Inc. (NASDAQ:ADTH) Sees Large Growth in Short Interest

AdTheorent Holding Company, Inc. (NASDAQ:ADTH) was the recipient of a significant growth in short interest during the month of April. As of April 15th, there was short interest totalling 642,900 shares, a growth of 13.0% from the March 31st total of 568,800 shares. Based on an average daily volume of 771,700 shares, the days-to-cover ratio is currently 0.8 days. Approximately 3.1% of the shares of the company are short sold.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. Benchmark raised their price objective on AdTheorent from $6.00 to $7.00 and gave the stock a “buy” rating in a research note on Wednesday, March 13th. JMP Securities restated a “market perform” rating on shares of AdTheorent in a research note on Monday, April 1st. Needham & Company LLC raised their price objective on AdTheorent from $3.00 to $3.75 and gave the stock a “buy” rating in a research note on Wednesday, March 13th. Finally, Noble Financial reaffirmed a “market perform” rating on shares of AdTheorent in a research report on Tuesday, April 2nd.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of ADTH. Norden Group LLC bought a new position in AdTheorent during the first quarter valued at about $37,000. FAS Wealth Partners Inc. bought a new position in AdTheorent during the first quarter valued at about $63,000. Mesirow Financial Investment Management Inc. bought a new position in AdTheorent during the first quarter valued at about $108,000. Kathmere Capital Management LLC bought a new position in AdTheorent during the first quarter valued at about $39,000. Finally, Caz Investments LP boosted its stake in AdTheorent by 14.3% during the fourth quarter. Caz Investments LP now owns 1,676,409 shares of the company’s stock valued at $2,431,000 after buying an additional 210,000 shares in the last quarter. 37.66% of the stock is owned by institutional investors and hedge funds.

AdTheorent Stock Performance

Shares of ADTH opened at $3.26 on Wednesday. The firm has a market capitalization of $296.33 million, a price-to-earnings ratio of -326.00 and a beta of 1.25. AdTheorent has a one year low of $1.11 and a one year high of $3.98. The stock’s fifty day moving average is $3.16 and its 200-day moving average is $2.24.

AdTheorent (NASDAQ:ADTH) last issued its quarterly earnings results on Tuesday, March 12th. The company reported $0.01 EPS for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.06). The firm had revenue of $59.66 million during the quarter, compared to the consensus estimate of $56.20 million. Analysts forecast that AdTheorent will post 0.06 EPS for the current fiscal year.

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.