AcuityAds Holdings Inc. (NYSE:ATY) Given Consensus Rating of “Moderate Buy” by Analysts

AcuityAds Holdings Inc. (NYSE:ATY – Get Rating) has earned an average rating of “Moderate Buy” from the eight ratings firms that are currently covering the company, Marketbeat reports. One investment analyst has rated the stock with a hold rating and four have issued a buy rating on the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $3.33.

Several analysts recently commented on the company. Echelon Wealth Partners reiterated a “speculative buy” rating on shares of AcuityAds in a report on Friday, November 11th. Needham & Company LLC dropped their price target on AcuityAds from $3.50 to $2.50 and set a “buy” rating on the stock in a research note on Friday, November 11th. TD Securities dropped their price target on AcuityAds from C$5.50 to C$3.75 in a research note on Friday, November 11th. Lake Street Capital dropped their price target on AcuityAds from $3.00 to $2.00 in a research note on Friday, November 11th. Finally, Royal Bank of Canada dropped their price target on AcuityAds from C$5.00 to C$3.50 in a research note on Friday, November 11th.

Institutional Trading of AcuityAds

Several hedge funds have recently added to or reduced their stakes in the stock. Bank of Montreal Can raised its position in AcuityAds by 6,504.8% in the fourth quarter. Bank of Montreal Can now owns 2,759,175 shares of the company’s stock worth $4,300,000 after acquiring an additional 2,717,400 shares during the period. Polar Asset Management Partners Inc. bought a new stake in shares of AcuityAds in the third quarter valued at approximately $245,000. Needham Investment Management LLC bought a new stake in shares of AcuityAds in the second quarter valued at approximately $116,000. CWM LLC bought a new stake in shares of AcuityAds in the second quarter valued at approximately $110,000. Finally, K.J. Harrison & Partners Inc raised its position in shares of AcuityAds by 50.0% in the second quarter. K.J. Harrison & Partners Inc now owns 30,000 shares of the company’s stock valued at $70,000 after purchasing an additional 10,000 shares during the period. Institutional investors own 8.66% of the company’s stock.

AcuityAds Stock Performance

Shares of ATY stock opened at $1.83 on Friday. The business’s 50 day simple moving average is $1.69 and its 200 day simple moving average is $1.91. AcuityAds has a one year low of $1.38 and a one year high of $3.66. The stock has a market capitalization of $103.96 million, a PE ratio of 61.02 and a beta of 1.26. The company has a debt-to-equity ratio of 0.04, a current ratio of 4.37 and a quick ratio of 4.37.

AcuityAds (NYSE:ATY – Get Rating) last announced its earnings results on Thursday, November 10th. The company reported ($0.02) EPS for the quarter, missing the consensus estimate of $0.02 by ($0.04). AcuityAds had a net margin of 1.38% and a negative return on equity of 2.65%. The company had revenue of $22.19 million during the quarter, compared to the consensus estimate of $23.94 million. As a group, research analysts forecast that AcuityAds will post -0.01 earnings per share for the current year.

AcuityAds Company Profile

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AcuityAds Holdings, Inc engages in the provision of digital advertising solutions. It focuses on self-serve programmatic marketing platform. It offers video advertising, self-serve advertising technology, and mobile advertising. The company was founded by Tal Hayek, Nathan Mekuz, Rachel Kapcan, and Joe Ontman on October 9, 2009 and is headquartered in Toronto, Canada.