Integral Ad Science (NASDAQ:IAS) Sets New 52-Week Low at $9.10

Integral Ad Science Holding Corp. (NASDAQ:IAS)’s share price hit a new 52-week low during trading on Thursday . The stock traded as low as $9.10 and last traded at $9.10, with a volume of 2033695 shares trading hands. The stock had previously closed at $9.37.

Wall Street Analyst Weigh In

IAS has been the subject of a number of research analyst reports. Truist Financial lowered their price target on Integral Ad Science from $26.00 to $17.00 and set a “buy” rating for the company in a report on Wednesday, February 28th. BMO Capital Markets decreased their price objective on shares of Integral Ad Science from $18.00 to $16.00 and set an “outperform” rating on the stock in a report on Wednesday, February 28th. Morgan Stanley reissued an “equal weight” rating and issued a $12.00 target price (down previously from $18.00) on shares of Integral Ad Science in a research report on Tuesday. Piper Sandler cut their price objective on Integral Ad Science from $20.00 to $18.00 and set an “overweight” rating on the stock in a report on Wednesday, February 28th. Finally, Raymond James cut Integral Ad Science from a “strong-buy” rating to an “outperform” rating and lowered their target price for the company from $20.00 to $16.00 in a report on Wednesday, February 28th. Three analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat, Integral Ad Science has an average rating of “Moderate Buy” and a consensus price target of $17.58.

Integral Ad Science Stock Down 2.9 %

The business’s 50 day moving average is $11.56 and its 200-day moving average is $13.07. The company has a debt-to-equity ratio of 0.17, a current ratio of 3.21 and a quick ratio of 3.21. The company has a market cap of $1.45 billion, a PE ratio of 234.31, a P/E/G ratio of 1.65 and a beta of 1.60.

Integral Ad Science (NASDAQ:IAS) last released its quarterly earnings data on Tuesday, February 27th. The company reported $0.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.03 by $0.03. The business had revenue of $134.30 million during the quarter, compared to analysts’ expectations of $131.27 million. Integral Ad Science had a net margin of 1.53% and a return on equity of 0.83%. The company’s revenue for the quarter was up 14.4% on a year-over-year basis. During the same period in the previous year, the company earned $0.07 EPS. As a group, analysts predict that Integral Ad Science Holding Corp. will post 0.16 EPS for the current year.

Insider Transactions at Integral Ad Science

In related news, CEO Lisa Utzschneider sold 13,113 shares of the stock in a transaction on Tuesday, February 6th. The shares were sold at an average price of $15.79, for a total value of $207,054.27. Following the transaction, the chief executive officer now directly owns 148,657 shares of the company’s stock, valued at approximately $2,347,294.03. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other news, CAO Alexis Gil II sold 3,177 shares of the firm’s stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $10.24, for a total transaction of $32,532.48. Following the transaction, the chief accounting officer now directly owns 120,195 shares in the company, valued at $1,230,796.80. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Lisa Utzschneider sold 13,113 shares of the company’s stock in a transaction on Tuesday, February 6th. The shares were sold at an average price of $15.79, for a total transaction of $207,054.27. Following the completion of the sale, the chief executive officer now owns 148,657 shares of the company’s stock, valued at approximately $2,347,294.03. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 80,195 shares of company stock valued at $876,562. Corporate insiders own 2.00% of the company’s stock.

Institutional Investors Weigh In On Integral Ad Science

A number of institutional investors and hedge funds have recently made changes to their positions in IAS. Vanguard Group Inc. grew its holdings in shares of Integral Ad Science by 10.7% during the fourth quarter. Vanguard Group Inc. now owns 8,106,247 shares of the company’s stock worth $116,649,000 after buying an additional 780,469 shares during the last quarter. Clearbridge Investments LLC lifted its position in Integral Ad Science by 6.5% during the 4th quarter. Clearbridge Investments LLC now owns 3,494,608 shares of the company’s stock worth $50,287,000 after acquiring an additional 214,693 shares during the period. BlackRock Inc. grew its stake in shares of Integral Ad Science by 33.9% in the 2nd quarter. BlackRock Inc. now owns 3,311,489 shares of the company’s stock valued at $59,541,000 after purchasing an additional 839,103 shares during the last quarter. Wellington Management Group LLP increased its holdings in shares of Integral Ad Science by 15,557.5% in the first quarter. Wellington Management Group LLP now owns 3,152,174 shares of the company’s stock valued at $43,500,000 after purchasing an additional 3,132,042 shares during the period. Finally, Goldman Sachs Group Inc. raised its stake in shares of Integral Ad Science by 605.1% during the fourth quarter. Goldman Sachs Group Inc. now owns 2,740,011 shares of the company’s stock worth $39,429,000 after purchasing an additional 2,351,414 shares during the last quarter. 95.78% of the stock is owned by hedge funds and other institutional investors.

About Integral Ad Science

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.