BlackRock Fund Advisors recently announced the acquisition of new stake in AdTheorent Holding Company Inc. (NASDAQ:ADTH). The institutional investor has increased its shareholding in the Communication Services company by 45.84% to 1.81 million shares with purchase of 0.57 million shares. This fresh investment now brings its stake to 2.08% valued currently at $3.0 million. In addition, The Vanguard Group, Inc. raised its holdings by 0.11 million to 0.84 million shares. And Geode Capital Management LLC has lifted its position by 10.70% or 62275.0 shares – to 0.64 million shares.
With over 0.12 million AdTheorent Holding Company Inc. (ADTH) shares trading Tuesday and a closing price of $1.83 on the day, the dollar volume was approximately $0.22 million. The shares have shown a negative half year performance of -34.88% and its price on 01/24/23 lost nearly -3.68%. Currently, there are 86.49M common shares owned by the public and among those 79.79M shares have been available to trade.
Insiders at the company have transacted a total of 14 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 9 of these insider trades were purchases, accounting for 521,365 shares. Insider sales of the common stock occurred on 5 occasions, with total insider shares sold totaling 42,138 shares.
The top 3 mutual fund holders in AdTheorent Holding Company Inc. are iShares Russell 2000 ETF, Vanguard Extended Market Index Fu, and Fidelity Small Cap Index Fund. iShares Russell 2000 ETF owns 0.62 million shares of the company’s stock, all valued at over $1.03 million. The company sold 6466.0 shares recently to bring their total holdings to about 0.71% of the shares outstanding. Vanguard Extended Market Index Fu sold 20069.0 shares to see its total holdings shrink to 0.59 million shares valued at over $0.98 million and representing 0.68% of the shares outstanding. Fidelity Small Cap Index Fund now owns shares totaling to 0.33% of the shares outstanding.
However, the script later moved the day high at 1.9400, down -3.68%. The company’s stock has a 5-day price change of -1.08% and -12.86% over the past three months. ADTH shares are trading 10.24% year to date (YTD), with the 12-month market performance down to -60.65% lower. It has a 12-month low price of $1.44 and touched a high of $11.10 over the same period. ADTH has an average intraday trading volume of 89.09K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 11.62%, 4.43%, and -51.34% respectively.
Institutional ownership of AdTheorent Holding Company Inc. (NASDAQ: ADTH) shares accounts for 77.30% of the company’s 86.49M shares outstanding. Mutual fund holders own 10.26%, while other institutional holders and individual stakeholders account for 3.09% and 10.05% respectively.
It has a market capitalization of $152.60M. The stock’s trailing 12-month PE ratio is 4.34, while the earnings-per-share (ttm) stands at $0.42. Price movements for the stock have been influenced by the stock’s volatility, which stands at 7.79% over the week and 7.62% over the month.
Analysts forecast that AdTheorent Holding Company Inc. (ADTH) will achieve an EPS of -$0.01 for the current quarter, $0.05 for the next quarter and $0.09 for 2023. The lowest estimate earnings-per-share for the quarter is -$0.03 while analysts give the company a high EPS estimate of $0. Comparatively, EPS for the current quarter was -$0.12 a year ago. Earnings per share for the fiscal year are expected to increase by 257.60%, and -96.27% over the next financial year.
Looking at the support for the ADTH, a number of firms have released research notes about the stock. Cowen stated their Market Perform rating for the stock in a research note on November 22, 2022, with the firm’s price target at $4-$2.50. BofA Securities coverage for the AdTheorent Holding Company Inc. (ADTH) stock in a research note released on November 10, 2022 offered a Underperform rating with a price target of $2. Needham was of a view on March 04, 2022 that the stock is Buy, while BofA Securities gave the stock Buy rating on February 18, 2022, issuing a price target of $10. Needham on their part issued Buy rating on January 18, 2022.