Integral Ad Science (NASDAQ:IAS) Shares Gap Down After Analyst Downgrade

Shares of Integral Ad Science Holding Corp. (NASDAQ:IAS) gapped down prior to trading on Wednesday after Piper Sandler lowered their price target on the stock from $18.00 to $16.00. The stock had previously closed at $12.62, but opened at $11.00. Piper Sandler currently has an overweight rating on the stock. Integral Ad Science shares last traded at $11.26, with a volume of 271,987 shares changing hands.

Other research analysts also recently issued research reports about the company. Truist Financial reduced their price objective on Integral Ad Science from $18.00 to $16.00 and set a “buy” rating on the stock in a report on Wednesday. Barclays raised their price target on Integral Ad Science from $12.00 to $13.00 and gave the company an “equal weight” rating in a report on Monday, August 5th. Craig Hallum dropped their price objective on Integral Ad Science from $18.00 to $16.00 and set a “buy” rating for the company in a report on Wednesday. Benchmark restated a “hold” rating on shares of Integral Ad Science in a research report on Monday, August 5th. Finally, Morgan Stanley lifted their price target 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 Tuesday, July 23rd. Three equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $15.70.

Insider Buying and Selling

In other news, CEO Lisa Utzschneider sold 10,481 shares of the business’s stock in a transaction dated Monday, October 7th. The shares were sold at an average price of $10.11, for a total transaction of $105,962.91. Following the transaction, the chief executive officer now directly owns 239,709 shares in the company, valued at $2,423,457.99. The trade was a 4.19 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Tania Secor sold 5,240 shares of the firm’s stock in a transaction dated Monday, October 7th. The shares were sold at an average price of $10.11, for a total transaction of $52,976.40. Following the completion of the sale, the chief financial officer now owns 248,223 shares of the company’s stock, valued at $2,509,534.53. This trade represents a 2.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 23,006 shares of company stock worth $240,296. 2.00% of the stock is owned by insiders.

Institutional Trading of Integral Ad Science

A number of hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. boosted its position in shares of Integral Ad Science by 7.0% in the first quarter. Vanguard Group Inc. now owns 8,673,229 shares of the company’s stock valued at $86,472,000 after acquiring an additional 566,982 shares during the period. Clearbridge Investments LLC grew its position in shares of Integral Ad Science by 11.8% during the 1st quarter. Clearbridge Investments LLC now owns 3,906,652 shares of the company’s stock worth $38,949,000 after purchasing an additional 412,044 shares in the last quarter. TimesSquare Capital Management LLC increased its holdings in shares of Integral Ad Science by 0.6% during the third quarter. TimesSquare Capital Management LLC now owns 2,772,440 shares of the company’s stock worth $29,970,000 after purchasing an additional 17,166 shares during the period. abrdn plc raised its position in shares of Integral Ad Science by 12.5% in the third quarter. abrdn plc now owns 2,147,656 shares of the company’s stock valued at $23,216,000 after buying an additional 237,930 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. boosted its stake in shares of Integral Ad Science by 4.7% in the first quarter. Jacobs Levy Equity Management Inc. now owns 1,246,556 shares of the company’s stock valued at $12,428,000 after buying an additional 55,844 shares during the period. Institutional investors and hedge funds own 95.78% of the company’s stock.

Integral Ad Science Stock Down 0.2 %

The firm has a market cap of $1.74 billion, a price-to-earnings ratio of 53.45, a P/E/G ratio of 1.90 and a beta of 1.52. The company has a debt-to-equity ratio of 0.10, a current ratio of 3.76 and a quick ratio of 3.76. The stock has a 50-day moving average of $11.12 and a 200-day moving average of $10.46.

Integral Ad Science (NASDAQ:IAS) last issued its earnings results on Tuesday, November 12th. The company reported $0.10 EPS for the quarter, beating the consensus estimate of $0.08 by $0.02. The company had revenue of $133.50 million during the quarter, compared to analysts’ expectations of $138.06 million. Integral Ad Science had a net margin of 6.39% and a return on equity of 3.52%. The business’s revenue for the quarter was up 11.0% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.09) EPS. Sell-side analysts predict that Integral Ad Science Holding Corp. will post 0.23 EPS for the current fiscal year.

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.