Integral Ad Science (IAS) Set to Announce Quarterly Earnings on Thursday

Integral Ad Science (NASDAQ:IAS) is scheduled to be issuing its quarterly earnings data after the market closes on Thursday, May 9th. Analysts expect the company to announce earnings of ($0.02) per share for the quarter. Integral Ad Science has set its FY 2024 guidance at EPS and its Q1 2024 guidance at EPS.Investors that are interested in registering for the company’s conference call can do so using this link.

Integral Ad Science (NASDAQ:IAS) last announced its quarterly earnings results on Tuesday, February 27th. The company reported $0.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.03 by $0.03. The business had revenue of $134.30 million during the quarter, compared to the consensus estimate of $131.27 million. Integral Ad Science had a net margin of 1.53% and a return on equity of 0.83%. The business’s revenue was up 14.4% compared to the same quarter last year. During the same quarter last year, the firm posted $0.07 EPS. On average, analysts expect Integral Ad Science to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Integral Ad Science Stock Performance

Shares of IAS opened at $9.71 on Thursday. The company has a 50-day simple moving average of $10.37 and a 200-day simple moving average of $12.91. The company has a quick ratio of 3.21, a current ratio of 3.21 and a debt-to-equity ratio of 0.17. The company has a market capitalization of $1.55 billion, a PE ratio of 242.75, a P/E/G ratio of 1.70 and a beta of 1.60. Integral Ad Science has a 52-week low of $8.92 and a 52-week high of $20.88.

Insiders Place Their Bets

In related news, CFO Tania Secor sold 6,570 shares of the firm’s stock in a transaction that occurred on Wednesday, March 6th. The shares were sold at an average price of $9.71, for a total value of $63,794.70. Following the sale, the chief financial officer now directly owns 230,888 shares of the company’s stock, valued at $2,241,922.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CFO Tania Secor sold 6,570 shares of the firm’s stock in a transaction that occurred on Wednesday, March 6th. The shares were sold at an average price of $9.71, for a total value of $63,794.70. Following the sale, the chief financial officer now directly owns 230,888 shares of the company’s stock, valued at $2,241,922.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Alexis Gil II sold 3,177 shares of the firm’s stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $10.24, for a total transaction of $32,532.48. Following the completion of the sale, the chief accounting officer now directly owns 120,195 shares in the company, valued at $1,230,796.80. The disclosure for this sale can be found here. Insiders have sold 80,195 shares of company stock valued at $876,562 in the last ninety days. Insiders own 2.00% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on IAS shares. Oppenheimer dropped their target price on shares of Integral Ad Science from $25.00 to $20.00 and set an “outperform” rating for the company in a report on Wednesday, February 28th. BMO Capital Markets dropped their target price on shares of Integral Ad Science from $18.00 to $16.00 and set an “outperform” rating for the company in a report on Wednesday, February 28th. Piper Sandler dropped their target price on shares of Integral Ad Science from $20.00 to $18.00 and set an “overweight” rating for the company in a report on Wednesday, February 28th. Raymond James downgraded shares of Integral Ad Science from a “strong-buy” rating to an “outperform” rating and dropped their target price for the company from $20.00 to $16.00 in a report on Wednesday, February 28th. Finally, Bank of America started coverage on shares of Integral Ad Science in a report on Thursday, January 11th. They set a “buy” rating and a $19.00 target price for the company. Three equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $17.38.

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.