Integral Ad Science (NASDAQ:IAS) Trading Up 6.6%

Integral Ad Science Holding Corp. (NASDAQ:IAS)’s share price shot up 6.6% during mid-day trading on Thursday . The stock traded as high as $10.05 and last traded at $10.02. 661,720 shares changed hands during trading, a decline of 59% from the average session volume of 1,618,016 shares. The stock had previously closed at $9.40.

Analysts Set New Price Targets

Several brokerages have issued reports on IAS. Raymond James downgraded Integral Ad Science from a “strong-buy” rating to an “outperform” rating and cut their price target for the company from $20.00 to $16.00 in a report on Wednesday, February 28th. BMO Capital Markets cut their price target on Integral Ad Science from $18.00 to $16.00 and set an “outperform” rating for the company in a report on Wednesday, February 28th. Piper Sandler cut their price target on Integral Ad Science from $20.00 to $18.00 and set an “overweight” rating for the company in a report on Wednesday, February 28th. Barclays dropped their target price on Integral Ad Science from $17.00 to $16.00 and set an “equal weight” rating for the company in a report on Wednesday, February 28th. Finally, Oppenheimer dropped their target price on Integral Ad Science from $25.00 to $20.00 and set an “outperform” rating for the company in a report on Wednesday, February 28th. Three research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $18.29.

Integral Ad Science Price Performance

The company has a fifty day moving average of $13.21 and a 200 day moving average of $13.32. The firm has a market capitalization of $1.59 billion, a P/E ratio of 249.31, a PEG ratio of 1.31 and a beta of 1.62. The company has a debt-to-equity ratio of 0.17, a current ratio of 3.21 and a quick ratio of 3.21.

Integral Ad Science (NASDAQ:IAS) last announced its earnings results on Tuesday, February 27th. The company reported $0.06 EPS for the quarter, beating the consensus estimate of $0.03 by $0.03. Integral Ad Science had a return on equity of 0.83% and a net margin of 1.53%. The business had revenue of $134.30 million for the quarter, compared to analysts’ expectations of $131.27 million. During the same period in the prior year, the business posted $0.07 earnings per share. The firm’s revenue was up 14.4% on a year-over-year basis. Sell-side analysts predict that Integral Ad Science Holding Corp. will post 0.2 earnings per share for the current year.

Insider Buying and Selling at Integral Ad Science

In other news, major shareholder Vep Group, Llc sold 1,650,000 shares of the company’s stock in a transaction that occurred on Thursday, January 4th. The stock was sold at an average price of $14.00, for a total transaction of $23,100,000.00. Following the transaction, the insider now directly owns 65,010,001 shares of the company’s stock, valued at $910,140,014. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, major shareholder Vep Group, Llc sold 1,650,000 shares of the company’s stock in a transaction that occurred on Thursday, January 4th. The stock was sold at an average price of $14.00, for a total transaction of $23,100,000.00. Following the transaction, the insider now directly owns 65,010,001 shares of the company’s stock, valued at $910,140,014. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Lisa Utzschneider sold 13,113 shares of the company’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 value of $207,054.27. Following the transaction, the chief executive officer now directly owns 148,657 shares in the company, valued at $2,347,294.03. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,681,789 shares of company stock valued at $23,490,082. 2.00% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Integral Ad Science

Institutional investors have recently bought and sold shares of the stock. Ameritas Investment Partners Inc. grew its stake in Integral Ad Science by 92.1% in the 1st quarter. Ameritas Investment Partners Inc. now owns 2,499 shares of the company’s stock valued at $34,000 after purchasing an additional 1,198 shares during the period. Skandinaviska Enskilda Banken AB publ purchased a new stake in Integral Ad Science during the 3rd quarter worth about $58,000. DekaBank Deutsche Girozentrale purchased a new stake in Integral Ad Science during the 3rd quarter worth about $62,000. Tower Research Capital LLC TRC lifted its holdings in Integral Ad Science by 493.4% during the 3rd quarter. Tower Research Capital LLC TRC now owns 8,581 shares of the company’s stock worth $62,000 after purchasing an additional 7,135 shares in the last quarter. Finally, Amalgamated Bank lifted its holdings in Integral Ad Science by 19.9% during the 3rd quarter. Amalgamated Bank now owns 6,951 shares of the company’s stock worth $83,000 after purchasing an additional 1,156 shares in the last quarter. Institutional investors own 95.78% of the company’s stock.

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.