AdTheorent (NASDAQ:ADTH) Lifted to “Buy” at Zacks Investment Research

Zacks Investment Research upgraded shares of AdTheorent (NASDAQ:ADTHGet Rating) from a hold rating to a buy rating in a research note released on Wednesday morning, Zacks.com reports. Zacks Investment Research currently has $11.00 price objective on the stock.

According to Zacks, “AdTheorent Holding Company LLC is a programmatic digital advertising company using advanced machine learning technology and privacy-forward solutions to deliver measurable value for advertisers and marketers. AdTheorent Holding Company LLC, formerly known as MCAP Acquisition Corporation, is based in CHICAGO. “

A number of other equities research analysts have also weighed in on ADTH. JMP Securities reaffirmed a buy rating and set a $10.00 price target on shares of AdTheorent in a report on Thursday, March 24th. Needham & Company LLC lowered their price target on shares of AdTheorent from $10.00 to $8.50 and set a buy rating for the company in a report on Friday, March 4th. Cowen assumed coverage on shares of AdTheorent in a report on Friday, January 14th. They set an outperform rating and a $8.00 price objective for the company. UBS Group assumed coverage on shares of AdTheorent in a report on Wednesday, January 5th. They set a buy rating for the company. Finally, Canaccord Genuity Group assumed coverage on shares of AdTheorent in a report on Wednesday, January 5th. They set a buy rating and a $12.00 price objective for the company. Eight equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock has an average rating of Buy and an average price target of $10.21.

ADTH opened at $9.00 on Wednesday. The company’s fifty day moving average price is $8.66. AdTheorent has a twelve month low of $4.11 and a twelve month high of $11.90. The company has a quick ratio of 5.80, a current ratio of 5.80 and a debt-to-equity ratio of 0.38.

Several hedge funds and other institutional investors have recently bought and sold shares of ADTH. Corbin Capital Partners L.P. acquired a new position in shares of AdTheorent in the 4th quarter valued at about $21,792,000. Caz Investments LP acquired a new position in shares of AdTheorent in the 4th quarter valued at about $15,941,000. Bank of Montreal Can bought a new stake in AdTheorent in the 4th quarter valued at about $2,235,000. Geode Capital Management LLC bought a new stake in AdTheorent in the 4th quarter valued at about $175,000. Finally, Citadel Advisors LLC bought a new stake in AdTheorent in the 4th quarter valued at about $149,000. 95.25% of the stock is 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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Analyst Recommendations for AdTheorent (NASDAQ:ADTH)

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