Integral Ad Science (NASDAQ:IAS) Posts Quarterly Earnings Results, Beats Expectations By $0.02 EPS

Integral Ad Science (NASDAQ:IAS) released its earnings results on Tuesday. The company reported $0.10 earnings per share for the quarter, topping the consensus estimate of $0.08 by $0.02, Briefing.com reports. Integral Ad Science had a return on equity of 0.31% and a net margin of 0.57%. The business had revenue of $133.50 million during the quarter, compared to the consensus estimate of $138.06 million. During the same period last year, the company earned ($0.09) earnings per share. The business’s revenue for the quarter was up 11.0% compared to the same quarter last year. Integral Ad Science updated its FY 2024 guidance to EPS and its Q4 2024 guidance to EPS.

Integral Ad Science Stock Performance

Shares of Integral Ad Science stock opened at $12.62 on Wednesday. The company has a market capitalization of $2.04 billion, a PE ratio of 1,263.26, a P/E/G ratio of 1.91 and a beta of 1.52. The company has a debt-to-equity ratio of 0.10, a quick ratio of 3.76 and a current ratio of 3.76. The company has a 50-day simple moving average of $11.13 and a two-hundred day simple moving average of $10.46. Integral Ad Science has a one year low of $7.98 and a one year high of $17.53.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the company. Raymond James lifted their target price on Integral Ad Science from $13.00 to $15.00 and gave the stock an “outperform” rating in a research report on Friday, August 2nd. Morgan Stanley lifted their target price on Integral Ad Science from $12.00 to $13.00 and gave the stock an “equal weight” rating in a research report on Tuesday, July 23rd. Benchmark reiterated a “hold” rating on shares of Integral Ad Science in a research report on Monday, August 5th. Finally, Barclays upped their price objective on shares of Integral Ad Science from $12.00 to $13.00 and gave the stock an “equal weight” rating in a research note on Monday, August 5th. Three research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $16.40.

Insiders Place Their Bets

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

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.