Intech Investment Management LLC Buys Shares of 18,450 Integral Ad Science Holding Corp. (NASDAQ:IAS)

Intech Investment Management LLC purchased a new position in shares of Integral Ad Science Holding Corp. (NASDAQ:IAS) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 18,450 shares of the company’s stock, valued at approximately $199,000.

Several other hedge funds have also recently modified their holdings of the stock. TimesSquare Capital Management LLC increased its position in Integral Ad Science by 0.6% during the 3rd 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 boosted its stake 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. Millennium Management LLC grew its holdings in Integral Ad Science by 10.8% during the second quarter. Millennium Management LLC now owns 1,224,138 shares of the company’s stock worth $11,899,000 after acquiring an additional 119,740 shares during the period. Healthcare of Ontario Pension Plan Trust Fund purchased a new position in Integral Ad Science in the second quarter worth $4,724,000. Finally, Algert Global LLC lifted its holdings in Integral Ad Science by 12.6% in the second quarter. Algert Global LLC now owns 471,756 shares of the company’s stock valued at $4,585,000 after acquiring an additional 52,882 shares during the period. 95.78% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the stock. Oppenheimer cut their price target on shares of Integral Ad Science from $20.00 to $18.00 and set an “outperform” rating for the company in a report on Wednesday, November 13th. Scotiabank assumed coverage on shares of Integral Ad Science in a report on Thursday. They issued a “sector perform” rating and a $10.00 target price for the company. Piper Sandler lowered their price target on Integral Ad Science from $18.00 to $16.00 and set an “overweight” rating on the stock in a report on Wednesday, November 13th. Benchmark reaffirmed a “hold” rating on shares of Integral Ad Science in a report on Thursday, November 14th. Finally, Craig Hallum lowered their target price on Integral Ad Science from $18.00 to $16.00 and set a “buy” rating on the stock in a report on Wednesday, November 13th. Four investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, Integral Ad Science has a consensus rating of “Moderate Buy” and a consensus price target of $15.18.

Insider Activity

In other Integral Ad Science news, CFO Tania Secor sold 5,240 shares of Integral Ad Science stock in a transaction on Monday, October 7th. The shares were sold at an average price of $10.11, for a total value of $52,976.40. Following the transaction, the chief financial officer now owns 248,223 shares in the company, valued at $2,509,534.53. This trade represents a 2.07 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Lisa Utzschneider sold 10,481 shares of the company’s stock in a transaction on Monday, October 7th. The stock was sold at an average price of $10.11, for a total value of $105,962.91. Following the sale, the chief executive officer now owns 239,709 shares of the company’s stock, valued at approximately $2,423,457.99. The trade was a 4.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 16,363 shares of company stock valued at $165,629 over the last quarter. Company insiders own 2.00% of the company’s stock.

Integral Ad Science Price Performance

NASDAQ:IAS opened at $10.94 on Friday. Integral Ad Science Holding Corp. has a 12-month low of $7.98 and a 12-month high of $17.53. The firm has a market cap of $1.78 billion, a price-to-earnings ratio of 54.30, a price-to-earnings-growth ratio of 1.56 and a beta of 1.45. The company’s 50-day moving average is $11.11 and its two-hundred day moving average is $10.61. The company has a current ratio of 3.71, a quick ratio of 3.71 and a debt-to-equity ratio of 0.07.

Integral Ad Science (NASDAQ:IAS) last announced its quarterly earnings data on Tuesday, November 12th. The company reported $0.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.08 by $0.02. The business had revenue of $133.50 million for the quarter, compared to the consensus estimate of $138.06 million. Integral Ad Science had a net margin of 6.39% and a return on equity of 3.47%. During the same quarter in the prior year, the firm posted ($0.09) earnings per share. The company’s quarterly revenue was up 11.0% compared to the same quarter last year. Research analysts expect that Integral Ad Science Holding Corp. will post 0.26 EPS for the current 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.