AcuityAds Holdings Inc. (NYSE:ATY) Receives Average Rating of “Moderate Buy” from Analysts

AcuityAds Holdings Inc. (NYSE:ATYGet 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.

AcuityAds (NYSE:ATYGet 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.

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

(Get Rating)

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.

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Analyst Recommendations for AcuityAds (NYSE:ATY)

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