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

Integral Ad Science (NASDAQ:IAS) issued its quarterly earnings data on Tuesday. The company reported $0.07 EPS for the quarter, missing the consensus estimate of $0.09 by ($0.02), Zacks reports. The firm had revenue of $154.36 million during the quarter, compared to the consensus estimate of $149.18 million. Integral Ad Science had a return on equity of 5.00% and a net margin of 9.79%.

Integral Ad Science Price Performance

Shares of IAS traded down $0.01 during mid-day trading on Wednesday, reaching $10.23. 842,252 shares of the company’s stock traded hands, compared to its average volume of 1,629,058. The stock has a market cap of $1.72 billion, a P/E ratio of 30.09, a P/E/G ratio of 1.45 and a beta of 1.59. The stock’s 50-day moving average is $9.59 and its two-hundred day moving average is $8.63. Integral Ad Science has a 12 month low of $6.26 and a 12 month high of $13.62.

Wall Street Analyst Weigh In

IAS has been the topic of several analyst reports. Loop Capital downgraded Integral Ad Science from a “buy” rating to a “hold” rating and set a $10.30 target price on the stock. in a research report on Wednesday, September 24th. Wall Street Zen upgraded Integral Ad Science from a “hold” rating to a “buy” rating in a research report on Sunday, August 10th. Truist Financial downgraded Integral Ad Science from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, September 24th. Stifel Nicolaus reiterated a “hold” rating and issued a $10.30 target price (down from $14.00) on shares of Integral Ad Science in a research report on Thursday, September 25th. Finally, Oppenheimer downgraded Integral Ad Science from an “outperform” rating to a “market perform” rating in a research report on Wednesday, September 24th. One research analyst has rated the stock with a Buy rating and fourteen have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $12.81.

Insider Buying and Selling

In other news, CEO Lisa Utzschneider sold 17,267 shares of the company’s stock in a transaction that occurred on Friday, October 3rd. The stock was sold at an average price of $10.19, for a total transaction of $175,950.73. Following the transaction, the chief executive officer owned 415,293 shares of the company’s stock, valued at approximately $4,231,835.67. This represents a 3.99% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CAO Alexis Gil II sold 25,901 shares of the business’s stock in a transaction that occurred on Wednesday, September 24th. The shares were sold at an average price of $10.18, for a total value of $263,672.18. Following the completion of the sale, the chief accounting officer owned 145,140 shares of the company’s stock, valued at $1,477,525.20. The trade was a 15.14% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 57,951 shares of company stock worth $590,206. Insiders own 2.00% of the company’s stock.

Institutional Trading of Integral Ad Science

A number of hedge funds have recently bought and sold shares of IAS. Ameriprise Financial Inc. lifted its holdings in Integral Ad Science by 1,195.1% during the second quarter. Ameriprise Financial Inc. now owns 1,254,049 shares of the company’s stock worth $10,421,000 after buying an additional 1,157,220 shares during the period. Jane Street Group LLC purchased a new stake in shares of Integral Ad Science during the 1st quarter valued at $1,986,000. Monimus Capital Management LP lifted its holdings in shares of Integral Ad Science by 36.5% during the 2nd quarter. Monimus Capital Management LP now owns 665,465 shares of the company’s stock valued at $5,530,000 after purchasing an additional 178,094 shares during the last quarter. Man Group plc purchased a new stake in shares of Integral Ad Science during the 2nd quarter valued at $974,000. Finally, Bank of America Corp DE lifted its holdings in shares of Integral Ad Science by 20.0% during the 2nd quarter. Bank of America Corp DE now owns 639,093 shares of the company’s stock valued at $5,311,000 after purchasing an additional 106,656 shares during the last quarter. Hedge funds and other institutional investors own 95.78% of the company’s stock.

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.