AcuityAds Holdings Inc. (NYSE:ATY – Get Rating) has been given a consensus recommendation of “Moderate Buy” by the eight analysts that are covering the stock, Marketbeat reports. One equities research 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 analysts that have updated their coverage on the stock in the last year is $3.33.
Several equities analysts have issued reports on the company. TD Securities dropped their price target on AcuityAds from C$5.50 to C$3.75 in a research note on Friday, November 11th. Echelon Wealth Partners reissued a “speculative buy” rating on shares of AcuityAds 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. Royal Bank of Canada lowered their target price on AcuityAds from C$5.00 to C$3.50 in a research report on Friday, November 11th. Finally, Needham & Company LLC lowered their target price on AcuityAds from $3.50 to $2.50 and set a “buy” rating on the stock in a research report on Friday, November 11th.
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.
Institutional Investors Weigh In On AcuityAds
A number of institutional investors and hedge funds have recently bought and sold shares of ATY. Toronto Dominion Bank raised its position in AcuityAds by 390.0% in the 2nd quarter. Toronto Dominion Bank now owns 11,759 shares of the company’s stock valued at $27,000 after buying an additional 9,359 shares during the last quarter. Guinness Atkinson Asset Management Inc raised its position in AcuityAds by 417.2% in the 2nd quarter. Guinness Atkinson Asset Management Inc now owns 12,025 shares of the company’s stock valued at $28,000 after buying an additional 9,700 shares during the last quarter. Virtu Financial LLC purchased a new stake in AcuityAds in the 2nd quarter valued at $36,000. Advisor Group Holdings Inc. raised its position in AcuityAds by 947.6% in the 1st quarter. Advisor Group Holdings Inc. now owns 20,176 shares of the company’s stock valued at $64,000 after buying an additional 18,250 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. purchased a new stake in AcuityAds in the 2nd quarter valued at $65,000. 8.66% of the stock is owned by hedge funds and other institutional investors.
AcuityAds Company Profile
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.
- Get a free copy of the StockNews.com research report on AcuityAds (ATY)
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