Bank of New York Mellon Corp Increases Stock Position in Integral Ad Science Holding Corp. (NASDAQ:IAS)

Bank of New York Mellon Corp boosted its position in shares of Integral Ad Science Holding Corp. (NASDAQ:IAS) by 13.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 251,091 shares of the company’s stock after buying an additional 29,145 shares during the period. Bank of New York Mellon Corp’s holdings in Integral Ad Science were worth $2,621,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the business. Point72 DIFC Ltd acquired a new stake in shares of Integral Ad Science in the 3rd quarter worth $41,000. Quantbot Technologies LP purchased a new position in Integral Ad Science in the 3rd quarter valued at approximately $106,000. Public Employees Retirement System of Ohio acquired a new position in Integral Ad Science during the 3rd quarter worth $138,000. Handelsbanken Fonder AB purchased a new stake in shares of Integral Ad Science during the fourth quarter worth approximately $162,000. Finally, Dynamic Technology Lab Private Ltd acquired a new position in shares of Integral Ad Science during the third quarter worth $180,000. Hedge funds and other institutional investors own 95.78% of the company’s stock.

Insider Activity at Integral Ad Science

In related news, CEO Lisa Utzschneider sold 5,940 shares of the firm’s stock in a transaction dated Tuesday, January 7th. The stock was sold at an average price of $9.75, for a total transaction of $57,915.00. Following the sale, the chief executive officer now directly owns 266,926 shares in the company, valued at approximately $2,602,528.50. This trade represents a 2.18 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Over the last 90 days, insiders have sold 19,109 shares of company stock worth $197,696. 2.00% of the stock is owned by insiders.

Integral Ad Science Stock Performance

NASDAQ IAS opened at $8.99 on Friday. The company has a current ratio of 3.71, a quick ratio of 3.71 and a debt-to-equity ratio of 0.07. The company has a market capitalization of $1.47 billion, a PE ratio of 44.95, a price-to-earnings-growth ratio of 1.06 and a beta of 1.45. The business’s 50-day moving average price is $10.14 and its 200 day moving average price is $10.66. Integral Ad Science Holding Corp. has a twelve month low of $7.98 and a twelve month high of $13.62.

Integral Ad Science (NASDAQ:IAS) last issued its quarterly earnings results on Friday, February 28th. The company reported $0.09 EPS for the quarter, missing the consensus estimate of $0.12 by ($0.03). The company had revenue of $153.00 million for the quarter, compared to analyst estimates of $148.83 million. Integral Ad Science had a return on equity of 3.47% and a net margin of 6.39%. The business’s revenue for the quarter was up 13.9% on a year-over-year basis. During the same period last year, the company posted $0.06 EPS. On average, research analysts predict that Integral Ad Science Holding Corp. will post 0.26 earnings per share for the current year.

Analysts Set New Price Targets

A number of research firms recently commented on IAS. Benchmark reaffirmed a “hold” rating on shares of Integral Ad Science in a research report on Friday, February 28th. Scotiabank initiated coverage on shares of Integral Ad Science in a research report on Friday, February 28th. They issued a “sector perform” rating and a $12.00 price objective for the company. Oppenheimer reissued an “outperform” rating on shares of Integral Ad Science in a report on Friday, February 28th. Morgan Stanley restated a “mixed” rating on shares of Integral Ad Science in a report on Monday, March 3rd. Finally, Truist Financial lifted their price objective on Integral Ad Science from $16.00 to $17.00 and gave the stock a “buy” rating in a research report on Monday, March 3rd. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $15.06.

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.