Integral Ad Science (NASDAQ:IAS) Posts Earnings Results

Integral Ad Science (NASDAQ:IAS) posted its quarterly earnings results on Tuesday. The company reported $0.10 earnings per share for the quarter, topping the consensus estimate of $0.08 by $0.02, Briefing.com reports. 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 return on equity of 3.52% and a net margin of 6.39%. The firm’s quarterly revenue was up 11.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($0.09) EPS. Integral Ad Science updated its FY 2024 guidance to EPS and its Q4 2024 guidance to EPS.

Integral Ad Science Stock Down 0.2 %

Shares of Integral Ad Science stock traded down $0.02 during midday trading on Thursday, hitting $10.77. The company’s stock had a trading volume of 1,018,965 shares, compared to its average volume of 1,390,188. The firm has a market capitalization of $1.74 billion, a P/E ratio of 53.45, a PEG ratio of 1.90 and a beta of 1.52. The stock has a 50-day simple moving average of $11.12 and a 200-day simple moving average of $10.46. The company has a quick ratio of 3.76, a current ratio of 3.76 and a debt-to-equity ratio of 0.10. Integral Ad Science has a 1-year low of $7.98 and a 1-year high of $17.53.

Insider Buying and Selling

In other news, CEO Lisa Utzschneider sold 10,481 shares of the firm’s stock in a transaction dated Monday, October 7th. The stock was sold at an average price of $10.11, for a total value of $105,962.91. Following the sale, the chief executive officer now directly owns 239,709 shares of the company’s stock, valued at approximately $2,423,457.99. This trade represents a 4.19 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Tania Secor sold 5,240 shares of the firm’s stock in a transaction dated Monday, October 7th. The shares were 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 directly owns 248,223 shares in the company, valued at approximately $2,509,534.53. This represents a 2.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 23,006 shares of company stock worth $240,296. Corporate insiders own 2.00% of the company’s stock.

Analyst Upgrades and Downgrades

IAS has been the subject of a number of analyst reports. Truist Financial lowered their price target on shares of Integral Ad Science from $18.00 to $16.00 and set a “buy” rating for the company in a report on Wednesday. Piper Sandler reduced their target price on shares of Integral Ad Science from $18.00 to $16.00 and set an “overweight” rating on the stock in a report on Wednesday. Barclays increased their target price on shares of Integral Ad Science from $12.00 to $13.00 and gave the stock an “equal weight” rating in a research note on Monday, August 5th. Benchmark reiterated a “hold” rating on shares of Integral Ad Science in a research note on Thursday. Finally, Oppenheimer dropped their target price on Integral Ad Science from $20.00 to $18.00 and set an “outperform” rating for the company in a research note on Wednesday. Three research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $15.70.

Integral Ad Science Company Profile

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.