AcuityAds (TSE:AT) Downgraded by TD Securities to “Hold”

TD Securities downgraded shares of AcuityAds (TSE:AT – Get Rating) from a buy rating to a hold rating in a report published on Monday, BayStreet.CA reports. The brokerage currently has C$2.75 price target on the stock, down from their previous price target of C$3.75.

Several other analysts have also weighed in on the company. Roth Capital initiated coverage on AcuityAds in a report on Friday, November 11th. They set a buy rating and a C$2.50 price target on the stock. Royal Bank of Canada reduced their target price on shares of AcuityAds from C$5.00 to C$3.50 and set a sector perform rating on the stock in a research note on Friday, November 11th.

AcuityAds Stock Performance

AcuityAds stock opened at C$2.29 on Monday. The company’s 50-day moving average price is C$2.26 and its 200-day moving average price is C$2.60. The company has a quick ratio of 4.25, a current ratio of 4.37 and a debt-to-equity ratio of 10.74. The company has a market cap of C$131.40 million and a PE ratio of 76.33. AcuityAds has a twelve month low of C$1.86 and a twelve month high of C$4.58.

AcuityAds (TSE:AT – Get Rating) last issued its quarterly earnings data on Thursday, November 10th. The company reported C($0.03) earnings per share for the quarter, missing the consensus estimate of C($0.01) by C($0.02). The business had revenue of C$28.95 million during the quarter, compared to the consensus estimate of C$30.49 million. On average, equities research analysts forecast that AcuityAds will post 0.04 EPS for the current fiscal year.

Insider Activity at AcuityAds

In related news, Director Roger Dent bought 25,000 shares of the stock in a transaction dated Wednesday, December 28th. The stock was purchased at an average cost of C$2.00 per share, with a total value of C$49,895.00. Following the completion of the purchase, the director now owns 30,000 shares of the company’s stock, valued at C$59,874.

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.