Integral Ad Science (NASDAQ:IAS) Shares Gap Down – What’s Next?

Integral Ad Science Holding Corp. (NASDAQ:IAS)’s share price gapped down before the market opened on Monday . The stock had previously closed at $10.71, but opened at $10.19. Integral Ad Science shares last traded at $10.45, with a volume of 193,374 shares trading hands.

Analyst Ratings Changes

Several brokerages recently issued reports on IAS. Piper Sandler dropped their price objective on Integral Ad Science from $18.00 to $16.00 and set an “overweight” rating on the stock in a research note on Wednesday, November 13th. Oppenheimer dropped their price target on Integral Ad Science from $20.00 to $18.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 13th. Benchmark restated a “hold” rating on shares of Integral Ad Science in a report on Thursday, November 14th. Truist Financial dropped their target price on shares of Integral Ad Science from $18.00 to $16.00 and set a “buy” rating on the stock in a report on Wednesday, November 13th. Finally, Scotiabank started coverage on shares of Integral Ad Science in a report on Thursday, December 5th. They issued a “sector perform” rating and a $10.00 price target for the company. Four investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, Integral Ad Science currently has a consensus rating of “Moderate Buy” and a consensus target price of $15.18.

Integral Ad Science Stock Performance

The firm has a fifty day moving average price of $11.00 and a 200 day moving average price of $10.79. The company has a debt-to-equity ratio of 0.07, a quick ratio of 3.71 and a current ratio of 3.71. The stock has a market cap of $1.66 billion, a PE ratio of 51.00, a price-to-earnings-growth ratio of 1.46 and a beta of 1.46.

Integral Ad Science (NASDAQ:IAS) last issued its quarterly earnings results on Tuesday, November 12th. The company reported $0.10 earnings per share for the quarter, topping the consensus estimate of $0.08 by $0.02. Integral Ad Science had a return on equity of 3.47% and a net margin of 6.39%. The business had revenue of $133.50 million during the quarter, compared to the consensus estimate of $138.06 million. During the same quarter last year, the company earned ($0.09) earnings per share. The company’s quarterly revenue was up 11.0% on a year-over-year basis. Research analysts forecast that Integral Ad Science Holding Corp. will post 0.26 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Integral Ad Science

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in IAS. JPMorgan Chase & Co. increased its holdings in shares of Integral Ad Science by 47.6% in the third quarter. JPMorgan Chase & Co. now owns 717,528 shares of the company’s stock valued at $7,756,000 after purchasing an additional 231,271 shares during the period. Franklin Resources Inc. boosted its position in Integral Ad Science by 12.9% in the third quarter. Franklin Resources Inc. now owns 110,449 shares of the company’s stock valued at $1,191,000 after buying an additional 12,647 shares during the last quarter. Barclays PLC increased its holdings in Integral Ad Science by 207.1% in the 3rd quarter. Barclays PLC now owns 127,733 shares of the company’s stock worth $1,380,000 after buying an additional 86,133 shares during the period. Geode Capital Management LLC raised its position in Integral Ad Science by 6.4% during the 3rd quarter. Geode Capital Management LLC now owns 1,834,659 shares of the company’s stock worth $19,836,000 after buying an additional 110,149 shares during the last quarter. Finally, Public Employees Retirement System of Ohio acquired a new stake in Integral Ad Science during the 3rd quarter valued at approximately $138,000. Hedge funds and other institutional investors own 95.78% of the company’s stock.

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.