KLP Kapitalforvaltning AS Acquires Shares of 24,600 Integral Ad Science Holding Corp. (NASDAQ:IAS)

KLP Kapitalforvaltning AS bought a new position in Integral Ad Science Holding Corp. (NASDAQ:IAS) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 24,600 shares of the company’s stock, valued at approximately $257,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Point72 DIFC Ltd purchased a new stake in Integral Ad Science in the third quarter worth $41,000. Public Employees Retirement System of Ohio purchased a new stake in shares of Integral Ad Science in the 3rd quarter worth about $138,000. Handelsbanken Fonder AB bought a new position in shares of Integral Ad Science in the 4th quarter worth about $162,000. Cornerstone Investment Partners LLC purchased a new position in Integral Ad Science during the 4th quarter valued at about $187,000. Finally, Arizona State Retirement System boosted its stake in Integral Ad Science by 12.5% during the fourth quarter. Arizona State Retirement System now owns 23,404 shares of the company’s stock worth $244,000 after acquiring an additional 2,601 shares in the last quarter. Hedge funds and other institutional investors own 95.78% of the company’s stock.

Integral Ad Science Trading Down 3.2 %

Integral Ad Science stock opened at $7.04 on Monday. Integral Ad Science Holding Corp. has a one year low of $6.97 and a one year high of $13.62. The business’s fifty day moving average is $9.77 and its 200 day moving average is $10.43. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.71 and a quick ratio of 3.71. The stock has a market capitalization of $1.15 billion, a PE ratio of 35.20, a price-to-earnings-growth ratio of 1.06 and a beta of 1.53.

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

Analyst Ratings Changes

IAS has been the subject of a number of analyst reports. Robert W. Baird reaffirmed a “neutral” rating and set a $9.00 target price (down previously from $16.00) on shares of Integral Ad Science in a research note on Friday, March 28th. Benchmark reiterated a “hold” rating on shares of Integral Ad Science in a research note on Friday, February 28th. Baird R W cut Integral Ad Science from a “strong-buy” rating to a “hold” rating in a research note on Friday, March 28th. Barclays restated an “equal weight” rating on shares of Integral Ad Science in a report on Friday, February 28th. Finally, Morgan Stanley reiterated a “mixed” rating on shares of Integral Ad Science in a research note on Monday, March 3rd. Five research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $14.45.

Insider Buying and Selling at Integral Ad Science

In other Integral Ad Science news, CEO Lisa Utzschneider sold 5,940 shares of the business’s stock in a transaction dated Tuesday, January 7th. The stock was sold at an average price of $9.75, for a total transaction 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 position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In the last ninety days, insiders sold 19,025 shares of company stock worth $195,116. 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.