Insider Selling: Integral Ad Science Holding Corp. (NASDAQ:IAS) CEO Sells 5,940 Shares of Stock

Integral Ad Science Holding Corp. (NASDAQ:IAS) CEO Lisa Utzschneider sold 5,940 shares of the company’s stock in a transaction that occurred on Tuesday, January 7th. The stock was sold at an average price of $9.75, for a total transaction of $57,915.00. Following the completion of the sale, the chief executive officer now directly owns 266,926 shares of the company’s stock, valued at $2,602,528.50. The trade was a 2.18 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

Integral Ad Science Trading Up 4.9 %

Shares of NASDAQ:IAS traded up $0.48 during midday trading on Wednesday, reaching $10.20. 1,300,370 shares of the company’s stock were exchanged, compared to its average volume of 1,082,354. The firm’s 50 day simple moving average is $11.00 and its two-hundred day simple moving average is $10.79. Integral Ad Science Holding Corp. has a fifty-two week low of $7.98 and a fifty-two week high of $17.53. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.71 and a quick ratio of 3.71. The stock has a market cap of $1.66 billion, a price-to-earnings ratio of 51.00, a P/E/G ratio of 1.46 and a beta of 1.46.

Integral Ad Science (NASDAQ:IAS) last announced its earnings results on Tuesday, November 12th. The company reported $0.10 EPS for the quarter, beating analysts’ consensus estimates 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 company had revenue of $133.50 million during the quarter, compared to analysts’ expectations of $138.06 million. During the same period last year, the business posted ($0.09) EPS. Integral Ad Science’s revenue for the quarter was up 11.0% on a year-over-year basis. As a group, sell-side analysts forecast that Integral Ad Science Holding Corp. will post 0.26 EPS for the current fiscal year.

Hedge Funds Weigh In On Integral Ad Science

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Clearline Capital LP acquired a new stake in Integral Ad Science in the second quarter valued at $916,000. abrdn plc increased its holdings in shares of Integral Ad Science by 12.5% in the 3rd quarter. abrdn plc now owns 2,147,656 shares of the company’s stock valued at $23,216,000 after acquiring an additional 237,930 shares during the last quarter. Repertoire Partners LP purchased a new stake in Integral Ad Science during the third quarter worth approximately $1,676,000. Janus Henderson Group PLC boosted its holdings in Integral Ad Science by 65.9% in the third quarter. Janus Henderson Group PLC now owns 359,370 shares of the company’s stock valued at $3,884,000 after purchasing an additional 142,741 shares in the last quarter. Finally, Franklin Resources Inc. increased 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 purchasing an additional 12,647 shares during the last quarter. Hedge funds and other institutional investors own 95.78% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on IAS shares. Scotiabank started coverage on Integral Ad Science in a report on Thursday, December 5th. They issued a “sector perform” rating and a $10.00 price target on the stock. Craig Hallum lowered their price target on shares of Integral Ad Science from $18.00 to $16.00 and set a “buy” rating on the stock in a report on Wednesday, November 13th. Oppenheimer reduced their price objective on shares of Integral Ad Science from $20.00 to $18.00 and set an “outperform” rating for the company in a research note on Wednesday, November 13th. Piper Sandler cut their price target on shares of Integral Ad Science from $18.00 to $16.00 and set an “overweight” rating on the stock in a report on Wednesday, November 13th. Finally, Benchmark reiterated a “hold” rating on shares of Integral Ad Science in a research note on Thursday, November 14th. Four research analysts have rated the stock with a hold rating and eight 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 an average price target of $15.18.

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.