$19.97 Million in Sales Expected for AcuityAds Holdings Inc. (NYSE:ATY) This Quarter

Analysts expect that AcuityAds Holdings Inc. (NYSE:ATY – Get Rating) will post $19.97 million in sales for the current quarter, according to Zacks. Three analysts have provided estimates for AcuityAds’ earnings, with the lowest sales estimate coming in at $19.42 million and the highest estimate coming in at $20.47 million. AcuityAds reported sales of $21.68 million in the same quarter last year, which would suggest a negative year over year growth rate of 7.9%. The company is scheduled to issue its next quarterly earnings results on Monday, January 1st.

According to Zacks, analysts expect that AcuityAds will report full year sales of $115.42 million for the current financial year, with estimates ranging from $112.40 million to $118.58 million. For the next year, analysts forecast that the business will post sales of $129.67 million, with estimates ranging from $117.37 million to $140.51 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side analysts that follow AcuityAds.

AcuityAds (NYSE:ATY – Get Rating) last posted its earnings results on Thursday, March 10th. The company reported $0.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.02). AcuityAds had a net margin of 8.67% and a return on equity of 14.67%.

A number of research analysts have recently issued reports on the stock. Desjardins cut shares of AcuityAds from a “buy” rating to a “hold” rating in a research note on Thursday, March 10th. Canaccord Genuity Group lowered their price target on shares of AcuityAds from C$13.00 to C$7.00 and set a “buy” rating for the company in a report on Friday, March 11th. Needham & Company LLC lowered their price target on shares of AcuityAds from $4.50 to $3.50 and set a “buy” rating for the company in a report on Friday, March 11th. Zacks Investment Research raised shares of AcuityAds from a “sell” rating to a “hold” rating in a report on Monday, March 14th. Finally, Lake Street Capital lowered their price target on shares of AcuityAds from $5.00 to $3.00 and set a “hold” rating for the company in a report on Friday, March 11th. Five equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $9.21.

NYSE:ATY opened at $3.31 on Thursday. AcuityAds has a 1 year low of $2.08 and a 1 year high of $13.00. The firm has a 50 day moving average of $2.86 and a 200-day moving average of $3.69. The company has a current ratio of 4.44, a quick ratio of 4.44 and a debt-to-equity ratio of 0.05. The stock has a market capitalization of $201.03 million and a P/E ratio of 22.07.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in ATY. Morgan Stanley acquired a new stake in AcuityAds during the 2nd quarter worth $3,150,000. Quilter Plc boosted its position in shares of AcuityAds by 17.9% during the third quarter. Quilter Plc now owns 21,263 shares of the company’s stock worth $142,000 after purchasing an additional 3,233 shares in the last quarter. Moors & Cabot Inc. bought a new position in shares of AcuityAds during the third quarter worth $838,000. Mackenzie Financial Corp bought a new position in shares of AcuityAds during the third quarter worth $6,981,000. Finally, TD Asset Management Inc. boosted its position in shares of AcuityAds by 13.6% during the third quarter. TD Asset Management Inc. now owns 52,152 shares of the company’s stock worth $350,000 after purchasing an additional 6,244 shares in the last quarter. 18.81% of the stock is owned by hedge funds and other institutional investors.

About AcuityAds (Get Rating)

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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