Investment Analysts’ Weekly Ratings Changes for AcuityAds (ATY)

AcuityAds (NYSE: ATY) recently received a number of ratings updates from brokerages and research firms:

  • 11/11/2022 – AcuityAds had its “speculative buy” rating reaffirmed by analysts at Echelon Wealth Partners.
  • 11/11/2022 – AcuityAds had its price target lowered by analysts at Needham & Company LLC from $3.50 to $2.50. They now have a “buy” rating on the stock.
  • 11/11/2022 – AcuityAds had its price target lowered by analysts at Royal Bank of Canada from C$5.00 to C$3.50.
  • 11/11/2022 – AcuityAds had its price target lowered by analysts at TD Securities from C$5.50 to C$3.75.
  • 11/11/2022 – AcuityAds had its price target lowered by analysts at Lake Street Capital from $3.00 to $2.00.

AcuityAds Price Performance

NYSE:ATY opened at $1.84 on Thursday. The firm has a market capitalization of $105.29 million, a price-to-earnings ratio of 61.19 and a beta of 0.96. AcuityAds Holdings Inc. has a 52-week low of $1.38 and a 52-week high of $4.03. The stock has a fifty day moving average of $1.69 and a 200 day moving average of $2.16. The company has a debt-to-equity ratio of 0.04, a quick ratio of 4.37 and a current ratio of 4.37.

AcuityAds (NYSE:ATYGet Rating) last posted its quarterly earnings data on Thursday, November 10th. The company reported ($0.02) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.02 by ($0.04). The business had revenue of $22.19 million for the quarter, compared to the consensus estimate of $23.94 million. AcuityAds had a net margin of 1.38% and a negative return on equity of 2.65%. On average, research analysts expect that AcuityAds Holdings Inc. will post -0.01 EPS for the current fiscal year.

Institutional Investors Weigh In On AcuityAds

Large investors have recently added to or reduced their stakes in the business. Toronto Dominion Bank boosted its stake in AcuityAds by 390.0% during the second 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 period. Guinness Atkinson Asset Management Inc lifted its stake in AcuityAds by 417.2% during the second quarter. Guinness Atkinson Asset Management Inc now owns 12,025 shares of the company’s stock worth $28,000 after purchasing an additional 9,700 shares during the last quarter. Virtu Financial LLC bought a new stake in AcuityAds during the second quarter worth about $36,000. Capasso Planning Partners LLC bought a new stake in AcuityAds during the first quarter worth about $43,000. Finally, Advisor Group Holdings Inc. lifted its stake in AcuityAds by 947.6% during the first quarter. Advisor Group Holdings Inc. now owns 20,176 shares of the company’s stock worth $64,000 after purchasing an additional 18,250 shares during the last quarter. Institutional investors own 8.47% of the company’s stock.

AcuityAds Holdings Inc, a technology company, provides digital media solutions. The company offers a programmatic marketing platform that enables advertisers to connect with their audiences across online display, video, social, and mobile campaigns. Its platform also allows advertisers to manage their purchasing of online display advertising in real-time using programmatic ad buying.

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