Integral Ad Science (NASDAQ:IAS) Sets New 12-Month Low at $9.10

Integral Ad Science Holding Corp. (NASDAQ:IAS) shares hit a new 52-week low during mid-day trading on Thursday . The stock traded as low as $9.10 and last traded at $9.10, with a volume of 2033695 shares trading hands. The stock had previously closed at $9.37.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. Piper Sandler dropped their price target on Integral Ad Science from $20.00 to $18.00 and set an “overweight” rating for the company in a research note on Wednesday, February 28th. Truist Financial reduced their price target on shares of Integral Ad Science from $26.00 to $17.00 and set a “buy” rating on the stock in a report on Wednesday, February 28th. Bank of America began coverage on shares of Integral Ad Science in a research note on Thursday, January 11th. They issued a “buy” rating and a $19.00 price target on the stock. BMO Capital Markets cut their price objective on Integral Ad Science from $18.00 to $16.00 and set an “outperform” rating for the company in a research report on Wednesday, February 28th. Finally, Morgan Stanley reiterated an “equal weight” rating and issued a $12.00 target price (down from $18.00) on shares of Integral Ad Science in a research report on Tuesday. Three research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Integral Ad Science has a consensus rating of “Moderate Buy” and an average target price of $17.58.

Integral Ad Science Stock Performance

The company has a debt-to-equity ratio of 0.17, a current ratio of 3.21 and a quick ratio of 3.21. The business has a 50-day moving average of $11.56 and a 200-day moving average of $13.07. The company has a market capitalization of $1.45 billion, a P/E ratio of 234.31, a P/E/G ratio of 1.65 and a beta of 1.60.

Integral Ad Science (NASDAQ:IAS) last released its earnings results on Tuesday, February 27th. The company reported $0.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.03 by $0.03. The firm had revenue of $134.30 million during the quarter, compared to analyst estimates of $131.27 million. Integral Ad Science had a net margin of 1.53% and a return on equity of 0.83%. The business’s revenue was up 14.4% on a year-over-year basis. During the same quarter last year, the business earned $0.07 EPS. On average, sell-side analysts anticipate that Integral Ad Science Holding Corp. will post 0.16 EPS for the current year.

Insider Activity

In related news, CEO Lisa Utzschneider sold 13,113 shares of the firm’s stock in a transaction that occurred on Tuesday, February 6th. The stock was sold at an average price of $15.79, for a total transaction of $207,054.27. Following the completion of the sale, the chief executive officer now directly owns 148,657 shares of the company’s stock, valued at approximately $2,347,294.03. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CEO Lisa Utzschneider sold 13,113 shares of the firm’s stock in a transaction dated Tuesday, February 6th. The shares were sold at an average price of $15.79, for a total value of $207,054.27. Following the transaction, the chief executive officer now owns 148,657 shares of the company’s stock, valued at approximately $2,347,294.03. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Tania Secor sold 17,999 shares of the business’s stock in a transaction dated Monday, April 8th. The shares were sold at an average price of $10.05, for a total transaction of $180,889.95. Following the completion of the sale, the chief financial officer now directly owns 239,174 shares of the company’s stock, valued at $2,403,698.70. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 80,195 shares of company stock valued at $876,562. 2.00% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Integral Ad Science

Several large investors have recently modified their holdings of IAS. Wellington Management Group LLP boosted its stake in Integral Ad Science by 15,557.5% in the first quarter. Wellington Management Group LLP now owns 3,152,174 shares of the company’s stock valued at $43,500,000 after acquiring an additional 3,132,042 shares in the last quarter. Goldman Sachs Group Inc. boosted its position in shares of Integral Ad Science by 605.1% in the 4th quarter. Goldman Sachs Group Inc. now owns 2,740,011 shares of the company’s stock worth $39,429,000 after purchasing an additional 2,351,414 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of Integral Ad Science by 77.2% in the 3rd quarter. Vanguard Group Inc. now owns 4,752,765 shares of the company’s stock worth $34,409,000 after purchasing an additional 2,070,907 shares in the last quarter. abrdn plc acquired a new position in Integral Ad Science during the 4th quarter valued at about $25,285,000. Finally, Alliancebernstein L.P. increased its position in Integral Ad Science by 1,825.9% during the 2nd quarter. Alliancebernstein L.P. now owns 943,681 shares of the company’s stock valued at $16,967,000 after buying an additional 894,681 shares in the last quarter. 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.