Piper Sandler Issues Pessimistic Forecast for Integral Ad Science (NASDAQ:IAS) Stock Price

Integral Ad Science (NASDAQ:IAS) had its target price decreased by stock analysts at Piper Sandler from $18.00 to $16.00 in a report released on Wednesday,Benzinga reports. The brokerage currently has an “overweight” rating on the stock. Piper Sandler’s price objective would indicate a potential upside of 45.06% from the company’s current price.

IAS has been the subject of several other research reports. Raymond James boosted their price target on Integral Ad Science from $13.00 to $15.00 and gave the company an “outperform” rating in a report on Friday, August 2nd. Morgan Stanley boosted their price target on Integral Ad Science from $12.00 to $13.00 and gave the company an “equal weight” rating in a report on Tuesday, July 23rd. Barclays boosted their price target on Integral Ad Science from $12.00 to $13.00 and gave the company an “equal weight” rating in a report on Monday, August 5th. Truist Financial lowered their price objective on Integral Ad Science from $18.00 to $16.00 and set a “buy” rating on the stock in a research report on Wednesday. Finally, Oppenheimer lowered their price objective on Integral Ad Science from $20.00 to $18.00 and set an “outperform” rating on the stock in a research report on Wednesday. Three analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $15.70.

Integral Ad Science Stock Performance

Shares of IAS traded down $1.59 during trading hours on Wednesday, hitting $11.03. The stock had a trading volume of 887,891 shares, compared to its average volume of 1,386,204. The company has a debt-to-equity ratio of 0.10, a current ratio of 3.76 and a quick ratio of 3.76. Integral Ad Science has a 12 month low of $7.98 and a 12 month high of $17.53. The firm has a market capitalization of $1.78 billion, a PE ratio of 55.00, a PEG ratio of 1.90 and a beta of 1.52. The stock has a fifty day moving average price of $11.13 and a 200 day moving average price of $10.46.

Integral Ad Science (NASDAQ:IAS) last issued its quarterly earnings data on Tuesday, November 12th. The company reported $0.10 EPS for the quarter, topping the consensus estimate of $0.08 by $0.02. Integral Ad Science had a return on equity of 3.52% and a net margin of 6.39%. The company had revenue of $133.50 million during the quarter, compared to analyst estimates of $138.06 million. During the same quarter in the previous year, the company posted ($0.09) earnings per share. Integral Ad Science’s revenue was up 11.0% compared to the same quarter last year. Analysts anticipate that Integral Ad Science will post 0.23 EPS for the current year.

Insider Buying and Selling at Integral Ad Science

In related news, CFO Tania Secor sold 5,240 shares of the stock in a transaction that occurred on Monday, October 7th. The stock was sold at an average price of $10.11, for a total value of $52,976.40. Following the transaction, the chief financial officer now owns 248,223 shares of the company’s stock, valued at $2,509,534.53. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other Integral Ad Science news, CFO Tania Secor sold 5,240 shares of the stock in a transaction on Monday, October 7th. The stock was sold at an average price of $10.11, for a total transaction of $52,976.40. Following the sale, the chief financial officer now owns 248,223 shares of the company’s stock, valued at approximately $2,509,534.53. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Lisa Utzschneider sold 10,481 shares of the stock in a transaction on Monday, October 7th. The shares were sold at an average price of $10.11, for a total value of $105,962.91. Following the sale, the chief executive officer now owns 239,709 shares of the company’s stock, valued at approximately $2,423,457.99. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 23,006 shares of company stock worth $240,296 over the last ninety days. Company insiders own 2.00% of the company’s stock.

Institutional Investors Weigh In On Integral Ad Science

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Ameritas Investment Partners Inc. grew its position in Integral Ad Science by 40.1% during the 1st quarter. Ameritas Investment Partners Inc. now owns 6,724 shares of the company’s stock worth $67,000 after purchasing an additional 1,924 shares during the period. Crestwood Capital Management L.P. grew its position in shares of Integral Ad Science by 0.3% during the 3rd quarter. Crestwood Capital Management L.P. now owns 650,738 shares of the company’s stock valued at $7,034,000 after acquiring an additional 1,941 shares during the period. American Trust grew its position in shares of Integral Ad Science by 18.0% during the 1st quarter. American Trust now owns 13,742 shares of the company’s stock valued at $137,000 after acquiring an additional 2,096 shares during the period. nVerses Capital LLC acquired a new stake in Integral Ad Science in the 3rd quarter worth about $45,000. Finally, Principal Financial Group Inc. boosted its holdings in Integral Ad Science by 9.3% in the 2nd quarter. Principal Financial Group Inc. now owns 61,108 shares of the company’s stock worth $594,000 after buying an additional 5,189 shares during the last quarter. 95.78% of the stock is owned by institutional investors and hedge funds.

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.