Added to YB: 2024-04-25
Pitch date: 2024-04-24
ADTH [bullish]
AdTheorent Holding Company, Inc.
-0.93%
current return
Author Info
Company Info
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.
Market Cap
$294.1M
Pitch Price
$3.23
Price Target
N/A
Dividend
N/A
EV/EBITDA
233.64
P/E
-60.54
EV/Sales
1.34
Sector
Media
Category
special_situation
Monthly Special Situation Review: $ADTH Go-Shop
ADTH: Acquired for $3.21/sh (17% 60d, 27% 90d VWAP premium). No real premium to recent price. Go-shop until May 4 for better offers. Trades near deal price - 'free roll' on bump. Cheap at 2x '24 adj. gross profit, 8-10x EBITDA. $10M cost synergies = <7x buyer EBITDA. DSPs acquisitive. Strange 33d go-shop ends Sat. Suggests bid process derailed or rushed deal w/ go-shop for more. Downside protected by no premium & few outs. Huge upside if bump in go-shop by early May.
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