Integral Ad Science (NASDAQ:IAS) Shares Up 6.6%

Integral Ad Science Holding Corp. (NASDAQ:IAS)’s stock price traded up 6.6% during mid-day trading on Thursday . The stock traded as high as $10.05 and last traded at $10.02. 661,720 shares changed hands during trading, a decline of 59% from the average session volume of 1,618,016 shares. The stock had previously closed at $9.40.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. Piper Sandler cut their target price on Integral Ad Science from $20.00 to $18.00 and set an “overweight” rating for the company in a research report on Wednesday, February 28th. Raymond James cut Integral Ad Science from a “strong-buy” rating to an “outperform” rating and cut their target price for the stock from $20.00 to $16.00 in a research report on Wednesday, February 28th. Truist Financial cut their target price on Integral Ad Science from $26.00 to $17.00 and set a “buy” rating for the company in a research report on Wednesday, February 28th. Barclays cut their target price on Integral Ad Science from $17.00 to $16.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 28th. Finally, Bank of America assumed coverage on Integral Ad Science in a research report on Thursday, January 11th. They set a “buy” rating and a $19.00 target price for the company. Three research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat.com, Integral Ad Science presently has an average rating of “Moderate Buy” and a consensus price target of $18.29.

Integral Ad Science Price Performance

The firm has a market capitalization of $1.59 billion, a P/E ratio of 249.31, a price-to-earnings-growth ratio of 1.31 and a beta of 1.62. The firm has a 50 day moving average price of $13.21 and a 200-day moving average price of $13.32. The company has a current ratio of 3.21, a quick ratio of 3.21 and a debt-to-equity ratio of 0.17.

Integral Ad Science (NASDAQ:IAS) last posted its quarterly earnings data on Tuesday, February 27th. The company reported $0.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.03 by $0.03. The business had revenue of $134.30 million during the quarter, compared to analyst estimates of $131.27 million. Integral Ad Science had a return on equity of 0.83% and a net margin of 1.53%. The company’s revenue for the quarter was up 14.4% on a year-over-year basis. During the same period last year, the company earned $0.07 EPS. On average, analysts expect that Integral Ad Science Holding Corp. will post 0.2 earnings per share for the current year.

Insider Buying and Selling

In related news, CAO Alexis Gil II sold 3,177 shares of the firm’s stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $10.24, for a total transaction of $32,532.48. Following the completion of the sale, the chief accounting officer now directly owns 120,195 shares of the company’s stock, valued at approximately $1,230,796.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Integral Ad Science news, major shareholder Vep Group, Llc sold 1,650,000 shares of Integral Ad Science stock in a transaction dated Thursday, January 4th. The stock was sold at an average price of $14.00, for a total transaction of $23,100,000.00. Following the completion of the sale, the insider now owns 65,010,001 shares of the company’s stock, valued at approximately $910,140,014. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CAO Alexis Gil II sold 3,177 shares of Integral Ad Science stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $10.24, for a total value of $32,532.48. Following the sale, the chief accounting officer now directly owns 120,195 shares of the company’s stock, valued at approximately $1,230,796.80. The disclosure for this sale can be found here. In the last three months, insiders sold 1,681,789 shares of company stock valued at $23,490,082. Insiders own 2.00% of the company’s stock.

Hedge Funds Weigh In On Integral Ad Science

Institutional investors and hedge funds have recently modified their holdings of the stock. Ameritas Investment Partners Inc. increased its stake in shares of Integral Ad Science by 92.1% in the 1st quarter. Ameritas Investment Partners Inc. now owns 2,499 shares of the company’s stock valued at $34,000 after purchasing an additional 1,198 shares in the last quarter. Skandinaviska Enskilda Banken AB publ purchased a new position in shares of Integral Ad Science in the 3rd quarter valued at about $58,000. DekaBank Deutsche Girozentrale purchased a new position in shares of Integral Ad Science in the 3rd quarter valued at about $62,000. Amalgamated Bank increased its stake in shares of Integral Ad Science by 19.9% in the 3rd quarter. Amalgamated Bank now owns 6,951 shares of the company’s stock valued at $83,000 after purchasing an additional 1,156 shares in the last quarter. Finally, Tower Research Capital LLC TRC increased its stake in shares of Integral Ad Science by 493.4% in the 3rd quarter. Tower Research Capital LLC TRC now owns 8,581 shares of the company’s stock valued at $62,000 after purchasing an additional 7,135 shares in the last quarter. Institutional investors and hedge funds own 95.78% of the company’s stock.

Integral Ad Science Company Profile

Integral Ad Science Holding Corp. operates as a digital advertising verification company in the United States, the United Kingdom, France, Ireland, Germany, Italy, Singapore, Australia, Japan, India, and the Nordics. The company provides IAS Signal, a cloud-based technology platform that offers return on ad spend needs; and deliver independent measurement and verification of digital advertising across devices, channels, and formats, including desktop, mobile, connected TV, social, display, and video.