AcuityAds Holdings Inc. (NYSE:ATY – Get Rating) – Stock analysts at Echelon Wealth Partners cut their FY2022 earnings estimates for shares of AcuityAds in a research note issued to investors on Thursday, August 11th. Echelon Wealth Partners analyst R. Goff now expects that the company will earn $0.00 per share for the year, down from their prior forecast of $0.05. The consensus estimate for AcuityAds' current full-year earnings is $0.05 per share. Echelon Wealth Partners also issued estimates for AcuityAds' Q4 2022 earnings at $0.04 EPS.
Get AcuityAds alerts:A number of other brokerages have also recently issued reports on ATY. TD Securities lifted their price target on shares of AcuityAds from C$4.25 to C$5.50 in a research report on Thursday. Canaccord Genuity Group decreased their target price on shares of AcuityAds from C$5.50 to C$4.25 and set a "buy" rating for the company in a report on Thursday. Finally, Roth Capital raised shares of AcuityAds from a "neutral" rating to a "buy" rating and set a $4.00 target price for the company in a report on Thursday. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to data from MarketBeat.com, AcuityAds presently has a consensus rating of "Moderate Buy" and a consensus target price of $6.82.
AcuityAds Trading Down 1.4 %
NYSE:ATY opened at $2.83 on Monday. The company has a 50-day moving average price of $2.45 and a 200-day moving average price of $2.67. AcuityAds has a 12 month low of $1.65 and a 12 month high of $9.01. The company has a current ratio of 4.44, a quick ratio of 5.06 and a debt-to-equity ratio of 0.03. The stock has a market cap of $164.36 million, a price-to-earnings ratio of 70.77 and a beta of 1.07.AcuityAds (NYSE:ATY – Get Rating) last announced its quarterly earnings results on Thursday, May 12th. The company reported ($0.06) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.01) by ($0.05). The firm had revenue of $18.81 million during the quarter, compared to the consensus estimate of $20.35 million. AcuityAds had a return on equity of 2.07% and a net margin of 1.95%.
Institutional Trading of AcuityAds
A number of large investors have recently made changes to their positions in the stock. Bank of Montreal Can grew its position in AcuityAds by 17.8% during the first quarter. Bank of Montreal Can now owns 51,375 shares of the company's stock valued at $166,000 after buying an additional 7,775 shares during the period. Mackenzie Financial Corp grew its position in AcuityAds by 64.5% during the first quarter. Mackenzie Financial Corp now owns 21,483 shares of the company's stock valued at $68,000 after buying an additional 8,423 shares during the period. Toronto Dominion Bank grew its position 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. K.J. Harrison & Partners Inc grew its position in AcuityAds by 50.0% during the second quarter. K.J. Harrison & Partners Inc now owns 30,000 shares of the company's stock valued at $70,000 after buying an additional 10,000 shares during the period. Finally, Virtu Financial LLC bought a new stake in AcuityAds during the second quarter valued at approximately $36,000. 8.63% of the stock is currently owned by institutional investors.
About AcuityAds
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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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