Zacks Investment Research cut pieces of AcuityAds (NYSE:ATY – Get a rating) from a hold rating to a sell rating in a research note released Wednesday morning, Zacks.com reports.
According to Zacks, “AcuityAds Holdings Inc. is a technology company that provides marketers with a one-stop solution for omnichannel digital advertising. AcuityAds Holdings Inc. is based in Toronto. “
Other analysts have also recently released reports on the company. Needham & Company LLC lowered its price target on AcuityAds from $4.50 to $3.50 and set a buy rating for the company in a Friday, March 11 report. Lake Street Capital cut its price target on AcuityAds shares from $5.00 to $3.00 and set a holding rating for the company in a research report on Friday, March 11. Royal Bank of Canada assumed stock coverage of AcuityAds in a Monday, Feb. 7 research report. They issued an industry performance rating for the company. Canaccord Genuity Group cut its price target on AcuityAds shares from C$13.00 to C$7.00 and set a buy rating for the company in a research report on Friday, March 11. Finally, Desjardins upgraded AcuityAds shares from a buy rating to a hold rating in a Thursday, March 10 research report. One equity research analyst gave the stock a sell rating, four gave the stock a hold rating and four gave the stock a buy rating. Based on data from MarketBeat, AcuityAds has a consensus rating of Hold and an average price target of $9.21.
Shares of Stock Acuity Ads opened at $3.04 on Wednesday. The company has a 50-day moving average price of $2.94 and a 200-day moving average price of $3.46. The company has a debt ratio of 0.05, a current ratio of 4.44 and a quick ratio of 4.44. The company has a market capitalization of $185.23 million and a P/E ratio of 15.32. AcuityAds has a 1-year minimum of $2.08 and a 1-year maximum of $13.00.
AcuityAds (NYSE:ATY – Get a rating) last released its quarterly earnings data on Thursday, March 10. The company reported EPS of $0.03 for the quarter, missing analyst consensus estimates of $0.06 per ($0.03). The company posted revenue of $29.20 million for the quarter, versus analyst estimates of $29.03 million. AcuityAds had a return on equity of 14.67% and a net margin of 8.67%. As a group, research analysts expect AcuityAds to post EPS of 0.15 for the current fiscal year.
A number of institutional investors and hedge funds have recently increased or reduced their stake in ATY. Guinness Atkinson Asset Management Inc acquired a new stake in AcuityAds during the third quarter worth approximately $31,000. KJ Harrison & Partners Inc acquired a new stake in AcuityAds during the first quarter valued at approximately $63,000. Advisor Group Holdings Inc. increased its stake in AcuityAds by 947.6% during the first quarter. Advisor Group Holdings Inc. now owns 20,176 shares of the company worth $64,000 after acquiring an additional 18,250 shares during the period. Tortoise Investment Management LLC increased its stake in AcuityAds by 900.0% during the fourth quarter. Tortoise Investment Management LLC now owns 18,000 shares of the company worth $68,000 after acquiring an additional 16,200 shares during the period. Finally, Griffin Asset Management Inc. increased its stake in AcuityAds by 31.8% during the fourth quarter. Griffin Asset Management Inc. now owns 20,734 shares of the company worth $78,000 after acquiring an additional 5,000 shares during the period. Hedge funds and other institutional investors own 8.63% of the company’s shares.
AcuityAds Company Profile (Get a rating)
AcuityAds Holdings Inc, a technology company, provides digital media solutions. The company offers a programmatic marketing platform that allows advertisers to connect with their audience through online, video, social and mobile display campaigns. Its platform also allows advertisers to manage their online display advertising purchases in real time through the purchase of programmatic advertising.
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