Integral Ad Science (NASDAQ:IAS) Trading Up 3.3% – Time to Buy?

Integral Ad Science Holding Corp. (NASDAQ:IAS)’s stock price shot up 3.3% during mid-day trading on Wednesday . The company traded as high as $10.13 and last traded at $10.04. 285,681 shares changed hands during trading, a decline of 67% from the average session volume of 878,924 shares. The stock had previously closed at $9.72.

Analyst Upgrades and Downgrades

Several brokerages have commented on IAS. Truist Financial cut their target price on Integral Ad Science from $18.00 to $16.00 and set a “buy” rating for the company in a research note 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. Craig Hallum lowered their target price on shares of Integral Ad Science from $18.00 to $16.00 and set a “buy” rating on the stock in a research note on Wednesday, November 13th. Benchmark restated a “hold” rating on shares of Integral Ad Science in a research report on Thursday, November 14th. Finally, Piper Sandler lowered their price objective on Integral Ad Science from $18.00 to $16.00 and set an “overweight” rating on the stock in a research report on Wednesday, November 13th. Four equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $15.18.

Integral Ad Science Stock Down 4.0 %

The company has a market cap of $1.59 billion, a P/E ratio of 48.95, a P/E/G ratio of 1.46 and a beta of 1.46. The stock has a 50-day moving average of $10.93 and a two-hundred day moving average of $10.78. 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, beating the consensus estimate of $0.08 by $0.02. The company had revenue of $133.50 million for the quarter, compared to analyst estimates of $138.06 million. Integral Ad Science had a net margin of 6.39% and a return on equity of 3.47%. The firm’s quarterly revenue was up 11.0% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.09) EPS. On average, research analysts anticipate that Integral Ad Science Holding Corp. will post 0.26 EPS for the current fiscal year.

Insider Activity

In related news, CEO Lisa Utzschneider sold 5,940 shares of the company’s stock in a transaction on Tuesday, January 7th. The shares were 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 in the company, valued at $2,602,528.50. This represents a 2.18 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. 2.00% of the stock is currently owned by corporate insiders.

Institutional Trading of Integral Ad Science

Several large investors have recently bought and sold shares of the company. TimesSquare Capital Management LLC lifted its position in Integral Ad Science by 0.6% in the 3rd quarter. TimesSquare Capital Management LLC now owns 2,772,440 shares of the company’s stock valued at $29,970,000 after acquiring an additional 17,166 shares in the last quarter. abrdn plc lifted its holdings in shares of Integral Ad Science by 12.5% during the third quarter. abrdn plc now owns 2,147,656 shares of the company’s stock valued at $23,216,000 after purchasing an additional 237,930 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of Integral Ad Science by 6.4% during the third quarter. Geode Capital Management LLC now owns 1,834,659 shares of the company’s stock valued at $19,836,000 after buying an additional 110,149 shares during the last quarter. Millennium Management LLC increased its holdings in Integral Ad Science by 10.8% in the 2nd quarter. Millennium Management LLC now owns 1,224,138 shares of the company’s stock worth $11,899,000 after buying an additional 119,740 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its holdings in shares of Integral Ad Science by 47.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 717,528 shares of the company’s stock valued at $7,756,000 after acquiring an additional 231,271 shares during the last quarter. 95.78% of the stock is owned by institutional investors.

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.