Short Interest in Integral Ad Science Holding Corp. (NASDAQ:IAS) Rises By 8.5%

Integral Ad Science Holding Corp. (NASDAQ:IAS) saw a large increase in short interest in November. As of November 15th, there was short interest totalling 5,370,000 shares, an increase of 8.5% from the October 31st total of 4,950,000 shares. Based on an average daily volume of 792,700 shares, the short-interest ratio is presently 6.8 days. Currently, 7.3% of the company’s stock are short sold.

Insider Transactions at Integral Ad Science

In other news, CFO Tania Secor sold 5,240 shares of the company’s stock in a transaction that occurred 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 in the company, valued at $2,509,534.53. This represents a 2.07 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Lisa Utzschneider sold 10,481 shares of the company’s 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 $105,962.91. Following the sale, the chief executive officer now owns 239,709 shares in the company, valued at approximately $2,423,457.99. This represents a 4.19 % 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 in the last 90 days. Corporate insiders own 2.00% of the company’s stock.

Institutional Investors Weigh In On Integral Ad Science

Several large investors have recently added to or reduced their stakes in IAS. Franklin Resources Inc. grew its stake in Integral Ad Science by 12.9% in the third quarter. Franklin Resources Inc. now owns 110,449 shares of the company’s stock valued at $1,191,000 after acquiring an additional 12,647 shares during the period. Barclays PLC grew its stake in Integral Ad Science by 207.1% in the third quarter. Barclays PLC now owns 127,733 shares of the company’s stock valued at $1,380,000 after acquiring an additional 86,133 shares during the period. Geode Capital Management LLC grew its stake in Integral Ad Science by 6.4% in the third quarter. Geode Capital Management LLC now owns 1,834,659 shares of the company’s stock valued at $19,836,000 after acquiring an additional 110,149 shares during the period. Public Employees Retirement System of Ohio acquired a new stake in Integral Ad Science in the third quarter valued at approximately $138,000. Finally, Washington Harbour Partners LP purchased a new position in shares of Integral Ad Science during the third quarter valued at approximately $1,744,000. Institutional investors and hedge funds own 95.78% of the company’s stock.

Integral Ad Science Trading Up 3.2 %

Shares of IAS traded up $0.36 during mid-day trading on Monday, reaching $11.54. 1,067,153 shares of the company were exchanged, compared to its average volume of 1,370,252. The business has a 50 day simple moving average of $11.09 and a two-hundred day simple moving average of $10.59. Integral Ad Science has a 52 week low of $7.98 and a 52 week high of $17.53. The stock has a market capitalization of $1.88 billion, a PE ratio of 57.55, a PEG ratio of 1.54 and a beta of 1.52. The company has a debt-to-equity ratio of 0.07, a quick ratio of 3.71 and a current ratio of 3.71.

Integral Ad Science (NASDAQ:IAS) last released its earnings results 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 3.47% and a net margin of 6.39%. The business had revenue of $133.50 million during the quarter, compared to analysts’ expectations of $138.06 million. During the same quarter last year, the firm posted ($0.09) earnings per share. The firm’s revenue was up 11.0% on a year-over-year basis. On average, analysts predict that Integral Ad Science will post 0.26 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

IAS has been the topic of a number of research analyst reports. Oppenheimer dropped their price target on Integral Ad Science from $20.00 to $18.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 13th. Barclays increased their target price on Integral Ad Science from $12.00 to $13.00 and gave the stock an “equal weight” rating in a report on Monday, August 5th. Benchmark reaffirmed a “hold” rating on shares of Integral Ad Science in a research note on Thursday, November 14th. Craig Hallum dropped their target price on Integral Ad Science from $18.00 to $16.00 and set a “buy” rating for the company in a research report on Wednesday, November 13th. Finally, Truist Financial dropped their target price on Integral Ad Science from $18.00 to $16.00 and set a “buy” rating for the company in a research report on Wednesday, November 13th. Three research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, Integral Ad Science currently has an average rating of “Moderate Buy” and a consensus target price of $15.70.

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.