Handelsbanken Fonder AB Takes Position in Integral Ad Science Holding Corp. (NASDAQ:IAS)

Handelsbanken Fonder AB acquired a new position in Integral Ad Science Holding Corp. (NASDAQ:IAS) during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 15,500 shares of the company’s stock, valued at approximately $162,000.

Other institutional investors have also modified their holdings of the company. Point72 DIFC Ltd acquired a new stake in Integral Ad Science during the third quarter valued at approximately $41,000. Quantbot Technologies LP bought a new position in shares of Integral Ad Science in the third quarter valued at $106,000. Stoneridge Investment Partners LLC acquired a new stake in shares of Integral Ad Science during the 3rd quarter valued at $125,000. Public Employees Retirement System of Ohio bought a new stake in shares of Integral Ad Science during the 3rd quarter worth $138,000. Finally, Dynamic Technology Lab Private Ltd acquired a new position in shares of Integral Ad Science in the 3rd quarter worth $180,000. Institutional investors and hedge funds own 95.78% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently commented on IAS shares. Morgan Stanley upped their target price on Integral Ad Science from $13.00 to $13.50 and gave the company an “equal weight” rating in a report on Monday. Craig Hallum reduced their price objective on shares of Integral Ad Science from $18.00 to $16.00 and set a “buy” rating for the company in a research note on Wednesday, November 13th. Piper Sandler dropped 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 research report on Wednesday, November 13th. Oppenheimer restated an “outperform” rating on shares of Integral Ad Science in a report on Friday. Finally, Benchmark reaffirmed a “hold” rating on shares of Integral Ad Science in a research note on Friday. Four research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $15.06.

Integral Ad Science Stock Performance

Shares of IAS opened at $10.72 on Tuesday. Integral Ad Science Holding Corp. has a 52 week low of $7.98 and a 52 week high of $13.62. 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 company has a market capitalization of $1.74 billion, a PE ratio of 53.60, a PEG ratio of 1.06 and a beta of 1.46. The company’s 50 day moving average price is $10.34 and its 200 day moving average price is $10.82.

Integral Ad Science (NASDAQ:IAS) last posted its quarterly earnings results on Friday, February 28th. The company reported $0.09 EPS for the quarter, missing the consensus estimate of $0.12 by ($0.03). Integral Ad Science had a net margin of 6.39% and a return on equity of 3.47%. The company had revenue of $153.00 million for the quarter, compared to analysts’ expectations of $148.83 million. During the same quarter in the prior year, the firm earned $0.06 earnings per share. The company’s revenue was up 13.9% on a year-over-year basis. Research analysts expect that Integral Ad Science Holding Corp. will post 0.26 EPS for the current fiscal year.

Insiders Place Their Bets

In other Integral Ad Science news, CEO Lisa Utzschneider sold 5,940 shares of Integral Ad Science stock in a transaction that occurred on Tuesday, January 7th. The shares were sold at an average price of $9.75, for a total value of $57,915.00. Following the completion of the sale, the chief executive officer now directly owns 266,926 shares in the company, valued at $2,602,528.50. The trade was a 2.18 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders have sold a total of 19,109 shares of company stock valued at $197,696 in the last three months. Insiders own 2.00% 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.