Shares of AcuityAds Holdings Inc. (NYSE:ATY – Get Rating) have received a consensus rating of “Hold” from the nine research firms that are currently covering the stock, Marketbeat Ratings reports. Five research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $6.10.
ATY has been the subject of several recent analyst reports. Lake Street Capital decreased their price objective 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. Needham & Company LLC decreased their price objective 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. Desjardins cut shares of AcuityAds from a “buy” rating to a “hold” rating in a report on Thursday, March 10th. Canaccord Genuity Group decreased their price objective 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. Finally, Royal Bank of Canada began coverage on shares of AcuityAds in a report on Monday, February 7th. They issued a “sector perform” rating for the company.
Hedge funds have recently added to or reduced their stakes in the stock. Guinness Atkinson Asset Management Inc purchased a new stake in shares of AcuityAds in the 3rd quarter valued at approximately $31,000. K.J. Harrison & Partners Inc purchased a new stake in AcuityAds in the 1st quarter worth approximately $63,000. Tortoise Investment Management LLC lifted its position in AcuityAds by 900.0% in the 4th quarter. Tortoise Investment Management LLC now owns 18,000 shares of the company’s stock worth $68,000 after buying an additional 16,200 shares in the last quarter. Griffin Asset Management Inc. lifted its position in AcuityAds by 31.8% in the 4th quarter. Griffin Asset Management Inc. now owns 20,734 shares of the company’s stock worth $78,000 after buying an additional 5,000 shares in the last quarter. Finally, National Bank of Canada FI purchased a new stake in AcuityAds in the 4th quarter worth approximately $92,000. 18.81% of the stock is owned by institutional investors and hedge funds.
AcuityAds (NYSE:ATY – Get Rating) last posted its earnings results on Thursday, March 10th. The company reported $0.03 EPS for the quarter, missing the consensus estimate of $0.06 by ($0.03). AcuityAds had a return on equity of 14.67% and a net margin of 8.67%. The firm had revenue of $29.20 million during the quarter, compared to the consensus estimate of $29.03 million. As a group, equities research analysts expect that AcuityAds will post 0.17 earnings per share for the current fiscal year.
AcuityAds Company Profile (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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