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

Shares of AcuityAds Holdings Inc. (NYSE:ATYGet Rating) have been assigned an average recommendation of “Hold” from the eight research firms that are presently covering the company, Marketbeat Ratings reports. Four investment analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $5.54.

ATY has been the subject of a number of research reports. Needham & Company LLC reduced their target price 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 lowered shares of AcuityAds from a “buy” rating to a “hold” rating in a research note on Thursday, March 10th. Canaccord Genuity Group decreased their price objective on shares of AcuityAds from C$7.00 to C$5.50 and set a “buy” rating for the company in a research note on Sunday, May 15th. 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 research note on Friday, March 11th. Finally, TD Securities decreased their price objective on shares of AcuityAds from C$6.00 to C$4.25 in a research note on Friday, May 13th.

AcuityAds stock opened at $2.16 on Friday. The stock has a market capitalization of $131.61 million and a PE ratio of 30.86. AcuityAds has a 12-month low of $1.65 and a 12-month high of $11.48. The company has a debt-to-equity ratio of 0.05, a current ratio of 5.06 and a quick ratio of 5.06. The firm has a 50 day simple moving average of $2.72 and a 200-day simple moving average of $2.93.

A number of institutional investors and hedge funds have recently made changes to their positions in ATY. G2 Investment Partners Management LLC acquired a new stake in AcuityAds in the 1st quarter worth $79,000. Mackenzie Financial Corp grew its position in AcuityAds by 64.5% in the 1st quarter. Mackenzie Financial Corp now owns 21,483 shares of the company’s stock worth $68,000 after purchasing an additional 8,423 shares during the last quarter. Bank of Montreal Can grew its position in AcuityAds by 17.8% in the 1st quarter. Bank of Montreal Can now owns 51,375 shares of the company’s stock worth $166,000 after purchasing an additional 7,775 shares during the last quarter. Capasso Planning Partners LLC acquired a new stake in AcuityAds in the 1st quarter worth $43,000. Finally, Advisor Group Holdings Inc. grew 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 worth $64,000 after purchasing an additional 18,250 shares during the last quarter. Hedge funds and other institutional investors own 8.63% of the company’s stock.

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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