Franklin Resources Inc. Has $1.19 Million Position in Integral Ad Science Holding Corp. (NASDAQ:IAS)

Franklin Resources Inc. boosted its position in shares of Integral Ad Science Holding Corp. (NASDAQ:IAS) by 12.9% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 110,449 shares of the company’s stock after purchasing an additional 12,647 shares during the quarter. Franklin Resources Inc.’s holdings in Integral Ad Science were worth $1,191,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the company. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in shares of Integral Ad Science during the 2nd quarter worth approximately $4,724,000. abrdn plc lifted its holdings in 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 during the period. Invenomic Capital Management LP boosted its stake in Integral Ad Science by 57.4% in the third quarter. Invenomic Capital Management LP now owns 585,309 shares of the company’s stock valued at $6,327,000 after acquiring an additional 213,488 shares during the last quarter. Rice Hall James & Associates LLC acquired a new stake in Integral Ad Science during the 3rd quarter worth $1,795,000. Finally, Washington Harbour Partners LP bought a new stake in shares of Integral Ad Science during the 3rd quarter valued at $1,744,000. 95.78% of the stock is currently owned by institutional investors.

Integral Ad Science Trading Down 0.3 %

IAS opened at $10.44 on Friday. The stock has a market capitalization of $1.70 billion, a P/E ratio of 52.20, a P/E/G ratio of 1.49 and a beta of 1.45. The firm’s fifty day simple moving average is $11.11 and its 200 day simple moving average is $10.74. Integral Ad Science Holding Corp. has a 12 month low of $7.98 and a 12 month high of $17.53. 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 posted its quarterly earnings data on Tuesday, November 12th. The company reported $0.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.08 by $0.02. The company 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%. The firm’s revenue was up 11.0% compared to the same quarter last year. During the same period last year, the company earned ($0.09) earnings per share. As a group, research analysts anticipate that Integral Ad Science Holding Corp. will post 0.26 EPS for the current fiscal year.

Insider Transactions at Integral Ad Science

In other news, CFO Tania Secor sold 5,240 shares of the stock in a transaction that occurred on Monday, October 7th. The stock was sold at an average price of $10.11, for a total value 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 approximately $2,509,534.53. This represents a 2.07 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Lisa Utzschneider sold 10,481 shares of the business’s stock in a transaction on Monday, October 7th. The stock was sold at an average price of $10.11, for a total transaction of $105,962.91. Following the transaction, the chief executive officer now owns 239,709 shares in the company, 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 worth $165,629 in the last three months. Insiders own 2.00% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on IAS shares. Scotiabank started coverage on Integral Ad Science in a research report on Thursday, December 5th. They issued a “sector perform” rating and a $10.00 price target on the stock. Oppenheimer reduced their target price on Integral Ad Science from $20.00 to $18.00 and set an “outperform” rating on the stock in a report on Wednesday, November 13th. Truist Financial lowered their price target on Integral Ad Science from $18.00 to $16.00 and set a “buy” rating for the company in a research note on Wednesday, November 13th. Piper Sandler reduced their price objective on shares of Integral Ad Science from $18.00 to $16.00 and set an “overweight” rating on the stock in a research note on Wednesday, November 13th. Finally, Benchmark reaffirmed a “hold” rating on shares of Integral Ad Science in a research note on Thursday, November 14th. Four equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $15.18.

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.