Aigen Investment Management LP boosted its position in ironSource Ltd. (NYSE:IS – Get Rating) by 49.5% in the 1st quarter, Holdings Channel reports. The institutional investor owned 25,396 shares of the company’s stock after buying an additional 8,409 shares during the period. Aigen Investment Management LP’s holdings in ironSource were worth $122,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently bought and sold shares of IS. National Bank of Canada FI bought a new stake in ironSource in the fourth quarter valued at about $27,000. Qube Research & Technologies Ltd boosted its stake in ironSource by 214.4% in the fourth quarter. Qube Research & Technologies Ltd now owns 514,136 shares of the company’s stock valued at $3,979,000 after acquiring an additional 350,602 shares during the period. Phoenix Holdings Ltd. boosted its stake in ironSource by 60.2% in the fourth quarter. Phoenix Holdings Ltd. now owns 3,478,081 shares of the company’s stock valued at $26,932,000 after acquiring an additional 1,307,000 shares during the period. Harel Insurance Investments & Financial Services Ltd. acquired a new position in ironSource in the fourth quarter valued at approximately $372,000. Finally, Maytus Capital Management LLC boosted its stake in ironSource by 860.0% in the fourth quarter. Maytus Capital Management LLC now owns 480,000 shares of the company’s stock valued at $3,715,000 after acquiring an additional 430,000 shares during the period. 20.99% of the stock is owned by institutional investors.
Analyst Upgrades and Downgrades
A number of equities analysts have commented on IS shares. The Goldman Sachs Group decreased their target price on ironSource from $5.50 to $4.50 and set a “buy” rating for the company in a research note on Thursday, June 9th. DA Davidson set a $6.30 target price on ironSource in a research note on Tuesday, July 19th. Needham & Company LLC restated a “hold” rating on shares of ironSource in a research note on Thursday, July 14th. BTIG Research downgraded ironSource from a “buy” rating to a “neutral” rating in a research note on Friday, May 13th. Finally, Morgan Stanley reduced their price objective on ironSource from $5.00 to $4.75 and set an “overweight” rating for the company in a research report on Monday, June 13th. Three investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat.com, ironSource has a consensus rating of “Moderate Buy” and a consensus target price of $8.55.
ironSource Price Performance
ironSource (NYSE:IS – Get Rating) last announced its earnings results on Thursday, May 12th. The company reported $0.03 EPS for the quarter, hitting the consensus estimate of $0.03. ironSource had a return on equity of 10.11% and a net margin of 10.16%. The firm had revenue of $189.67 million for the quarter, compared to analysts’ expectations of $183.55 million. On average, sell-side analysts expect that ironSource Ltd. will post 0.11 EPS for the current year.
ironSource Ltd. operates a business platform for app developers and telecom operators in Israel and internationally. The company's platforms include Sonic solution suite that supports developers to launch, monetize, and scale their apps and games by providing solutions for app discovery, user growth, content monetization, analytics, and publishing; and Aura solution suite, which allows telecom operators to enrich the device experience by creating new engagement touchpoints that deliver relevant content for their users across the entire lifecycle of the device.
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