Integral Ad Science (NASDAQ:IAS) Coverage Initiated at Loop Capital

Loop Capital started coverage on shares of Integral Ad Science (NASDAQ:IAS) in a research report released on Tuesday morning, Marketbeat.com reports. The firm issued a buy rating and a $15.00 target price on the stock.

IAS has been the topic of a number of other reports. Morgan Stanley reissued an equal weight rating and set a $12.00 price target (down from $18.00) on shares of Integral Ad Science in a report on Tuesday, April 16th. Oppenheimer lowered their price target on shares of Integral Ad Science from $25.00 to $20.00 and set an outperform rating on the stock in a report on Wednesday, February 28th. Piper Sandler decreased their price objective on shares of Integral Ad Science from $20.00 to $18.00 and set an overweight rating on the stock in a report on Wednesday, February 28th. Bank of America initiated coverage on shares of Integral Ad Science in a report on Thursday, January 11th. They set a buy rating and a $19.00 price objective on the stock. Finally, Raymond James downgraded shares of Integral Ad Science from a strong-buy rating to an outperform rating and decreased their price objective for the company from $20.00 to $16.00 in a report on Wednesday, February 28th. Three investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of Moderate Buy and a consensus target price of $17.38.

Integral Ad Science Stock Up 0.7 %

NASDAQ:IAS opened at $9.95 on Tuesday. The firm has a market capitalization of $1.59 billion, a P/E ratio of 247.31, a PEG ratio of 1.68 and a beta of 1.58. Integral Ad Science has a 1-year low of $8.92 and a 1-year high of $20.88. The company’s fifty day moving average price is $10.12 and its 200-day moving average price is $12.87. The company has a debt-to-equity ratio of 0.17, a current ratio of 3.21 and a quick ratio of 3.21.

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, topping analysts’ consensus estimates of $0.03 by $0.03. Integral Ad Science had a net margin of 1.53% and a return on equity of 0.83%. The firm had revenue of $134.30 million for the quarter, compared to the consensus estimate of $131.27 million. During the same period in the prior year, the firm posted $0.07 earnings per share. The firm’s quarterly revenue was up 14.4% compared to the same quarter last year. As a group, equities research analysts anticipate that Integral Ad Science will post 0.16 EPS for the current year.

Insider Transactions at Integral Ad Science

In related news, CFO Tania Secor sold 17,999 shares of the firm’s stock in a transaction dated Monday, April 8th. The shares were sold at an average price of $10.05, for a total transaction of $180,889.95. Following the completion of the sale, the chief financial officer now directly owns 239,174 shares in the company, valued at $2,403,698.70. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, CAO Alexis Gil II sold 3,177 shares of the firm’s stock in a transaction dated Monday, March 4th. The shares were 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 transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Tania Secor sold 17,999 shares of the firm’s stock in a transaction dated Monday, April 8th. The stock was sold at an average price of $10.05, for a total transaction of $180,889.95. Following the sale, the chief financial officer now owns 239,174 shares of the company’s stock, valued at $2,403,698.70. The disclosure for this sale can be found here. Over the last three months, insiders have sold 80,195 shares of company stock valued at $876,562. Corporate insiders own 2.00% of the company’s stock.

Institutional Investors Weigh In On Integral Ad Science

A number of institutional investors have recently made changes to their positions in IAS. Goldman Sachs Group Inc. increased its position in shares of Integral Ad Science by 605.1% during the fourth quarter. Goldman Sachs Group Inc. now owns 2,740,011 shares of the company’s stock valued at $39,429,000 after acquiring an additional 2,351,414 shares during the last quarter. abrdn plc acquired a new stake in shares of Integral Ad Science during the fourth quarter valued at about $25,285,000. Vanguard Group Inc. increased its position in shares of Integral Ad Science by 15.2% during the third quarter. Vanguard Group Inc. now owns 7,325,778 shares of the company’s stock valued at $87,104,000 after acquiring an additional 966,280 shares during the last quarter. P2 Capital Partners LLC acquired a new stake in shares of Integral Ad Science during the fourth quarter valued at about $11,144,000. Finally, TimesSquare Capital Management LLC increased its position in shares of Integral Ad Science by 32.2% during the third quarter. TimesSquare Capital Management LLC now owns 2,486,748 shares of the company’s stock valued at $29,567,000 after acquiring an additional 605,824 shares during the last quarter. 95.78% of the stock is currently owned by institutional investors and hedge funds.

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.