Victory Capital Management Inc. Boosts Holdings in Integral Ad Science Holding Corp. (NASDAQ:IAS)

Victory Capital Management Inc. grew its stake in Integral Ad Science Holding Corp. (NASDAQ:IAS) by 80.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 49,601 shares of the company’s stock after buying an additional 22,160 shares during the period. Victory Capital Management Inc.’s holdings in Integral Ad Science were worth $482,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Jupiter Asset Management Ltd. acquired a new stake in shares of Integral Ad Science in the first quarter worth $3,257,000. Charles Schwab Investment Management Inc. raised its stake in Integral Ad Science by 22.9% during the fourth 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. Vanguard Group Inc. raised its stake in Integral Ad Science by 10.7% during the fourth quarter. Vanguard Group Inc. now owns 8,106,247 shares of the company’s stock worth $116,649,000 after purchasing an additional 780,469 shares during the period. P2 Capital Partners LLC purchased a new position in Integral Ad Science during the fourth quarter worth about $11,144,000. Finally, Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in shares of Integral Ad Science during the fourth quarter valued at about $3,159,000. Hedge funds and other institutional investors own 95.78% of the company’s stock.

Insider Activity at Integral Ad Science

In other Integral Ad Science news, CFO Tania Secor sold 6,643 shares of the stock in a transaction that occurred on Friday, September 6th. The shares were sold at an average price of $11.24, for a total value of $74,667.32. Following the completion of the sale, the chief financial officer now owns 251,366 shares of the company’s stock, valued at $2,825,353.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Integral Ad Science news, CEO Lisa Utzschneider sold 6,445 shares of the firm’s stock in a transaction on Monday, July 8th. The stock was sold at an average price of $9.68, for a total value of $62,387.60. Following the sale, the chief executive officer now directly owns 214,563 shares in the company, valued at $2,076,969.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Tania Secor sold 6,643 shares of the firm’s stock in a transaction on Friday, September 6th. The shares were sold at an average price of $11.24, for a total value of $74,667.32. Following the completion of the sale, the chief financial officer now owns 251,366 shares in the company, valued at $2,825,353.84. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 27,636 shares of company stock worth $289,513. Company insiders own 2.00% of the company’s stock.

Integral Ad Science Price Performance

Shares of NASDAQ IAS opened at $11.16 on Monday. The stock has a market cap of $1.79 billion, a price-to-earnings ratio of 1,116.00, a PEG ratio of 1.29 and a beta of 1.56. Integral Ad Science Holding Corp. has a 52 week low of $7.98 and a 52 week high of $17.53. The company’s 50-day moving average price is $10.93 and its 200 day moving average price is $10.06. The company has a current ratio of 3.76, a quick ratio of 3.76 and a debt-to-equity ratio of 0.10.

Integral Ad Science (NASDAQ:IAS) last released its earnings results on Thursday, August 1st. The company reported $0.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.02 by $0.03. The company had revenue of $129.01 million for the quarter, compared to analyst estimates of $126.31 million. Integral Ad Science had a net margin of 0.57% and a return on equity of 0.31%. The firm’s quarterly revenue was up 13.5% on a year-over-year basis. During the same period in the prior year, the firm earned $0.05 EPS. As a group, research analysts forecast that Integral Ad Science Holding Corp. will post 0.29 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages recently weighed in on IAS. Morgan Stanley lifted their price objective on shares of Integral Ad Science from $12.00 to $13.00 and gave the company an “equal weight” rating in a report on Tuesday, July 23rd. Raymond James boosted their price objective on shares of Integral Ad Science from $13.00 to $15.00 and gave the stock an “outperform” rating in a research report on Friday, August 2nd. Benchmark reiterated a “hold” rating on shares of Integral Ad Science in a research report on Monday, August 5th. Finally, Barclays upped their price objective on shares of Integral Ad Science from $12.00 to $13.00 and gave the stock an “equal weight” rating in a research report on Monday, August 5th. Three analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, Integral Ad Science presently has an average rating of “Moderate Buy” and a consensus price target of $16.36.

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.