TimesSquare Capital Management LLC Increases Stock Position in Integral Ad Science Holding Corp. (NASDAQ:IAS)

TimesSquare Capital Management LLC grew its stake in Integral Ad Science Holding Corp. (NASDAQ:IAS) by 8.6% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 2,700,968 shares of the company’s stock after acquiring an additional 214,220 shares during the period. TimesSquare Capital Management LLC owned about 1.71% of Integral Ad Science worth $38,867,000 as of its most recent filing with the SEC.

Several other large investors have also recently made changes to their positions in IAS. Vanguard Group Inc. increased its stake in Integral Ad Science by 15.2% during the 3rd quarter. Vanguard Group Inc. now owns 7,325,778 shares of the company’s stock worth $87,104,000 after buying an additional 966,280 shares during the period. Clearbridge Investments LLC raised its stake in shares of Integral Ad Science by 6.2% in the third quarter. Clearbridge Investments LLC now owns 3,279,915 shares of the company’s stock valued at $38,998,000 after acquiring an additional 191,075 shares in the last quarter. abrdn plc purchased a new position in Integral Ad Science in the fourth quarter valued at $25,285,000. Jacobs Levy Equity Management Inc. grew its stake in Integral Ad Science by 88.4% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 1,167,392 shares of the company’s stock worth $13,880,000 after purchasing an additional 547,856 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in Integral Ad Science by 22.9% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 489,818 shares of the company’s stock worth $7,048,000 after purchasing an additional 91,396 shares during the period. 95.78% of the stock is currently owned by institutional investors and hedge funds.

Integral Ad Science Price Performance

Shares of Integral Ad Science stock traded up $0.01 on Thursday, hitting $8.38. The company’s stock had a trading volume of 6,939,727 shares, compared to its average volume of 1,818,596. The company has a quick ratio of 3.21, a current ratio of 3.21 and a debt-to-equity ratio of 0.17. The firm has a fifty day moving average price of $9.67 and a 200-day moving average price of $12.81. Integral Ad Science Holding Corp. has a 52-week low of $7.98 and a 52-week high of $20.88. The company has a market capitalization of $1.34 billion, a P/E ratio of 209.55, a price-to-earnings-growth ratio of 1.72 and a beta of 1.58.

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

Analyst Ratings Changes

A number of brokerages recently commented on IAS. Raymond James downgraded shares of Integral Ad Science from a “strong-buy” rating to an “outperform” rating and lowered their target price for the stock from $20.00 to $16.00 in a research note on Wednesday, February 28th. BMO Capital Markets lowered 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. Benchmark reissued a “hold” rating on shares of Integral Ad Science in a report on Tuesday. Oppenheimer lowered their target price on shares of Integral Ad Science from $25.00 to $20.00 and set an “outperform” rating for the company in a report on Wednesday, February 28th. Finally, Morgan Stanley reiterated an “equal weight” rating and set a $12.00 price target (down from $18.00) on shares of Integral Ad Science in a research note on Tuesday, April 16th. Three research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat, Integral Ad Science has a consensus rating of “Moderate Buy” and a consensus target price of $17.38.

Insiders Place Their Bets

In other Integral Ad Science news, CAO Alexis Gil II sold 3,177 shares of Integral Ad Science stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $10.24, for a total value of $32,532.48. Following the completion of the sale, the chief accounting officer now owns 120,195 shares in the company, valued at approximately $1,230,796.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, CEO Lisa Utzschneider sold 30,407 shares of the stock in a transaction on Monday, April 8th. The stock was sold at an average price of $10.05, for a total value of $305,590.35. Following the transaction, the chief executive officer now directly owns 188,678 shares of the company’s stock, valued at approximately $1,896,213.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CAO Alexis Gil II sold 3,177 shares of the business’s stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $10.24, for a total value of $32,532.48. Following the sale, the chief accounting officer now directly owns 120,195 shares of the company’s stock, valued at approximately $1,230,796.80. The disclosure for this sale can be found here. Insiders have sold a total of 75,126 shares of company stock valued at $749,707 in the last quarter. 2.00% of the stock is currently owned by company insiders.

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.