ironSource Ltd. (NYSE:IS) Receives Consensus Rating of “Buy” from Analysts

ironSource Ltd. (NYSE:IS) has earned an average rating of “Buy” from the eleven analysts that are currently covering the company, MarketBeat.com reports. Two research analysts have rated the stock with a hold rating and nine have issued a buy rating on the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $12.38.

Several brokerages have commented on IS. Oppenheimer began coverage on shares of ironSource in a report on Monday, July 26th. They set an “outperform” rating and a $13.00 target price on the stock. William Blair began coverage on shares of ironSource in a report on Monday, July 26th. They set an “outperform” rating and a $8.80 target price on the stock. Credit Suisse Group began coverage on shares of ironSource in a report on Thursday. They set an “outperform” rating and a $16.00 target price on the stock. Macquarie began coverage on shares of ironSource in a report on Tuesday, August 31st. They set a “neutral” rating and a $11.00 target price on the stock. Finally, Robert W. Baird began coverage on shares of ironSource in a report on Tuesday, July 20th. They set an “outperform” rating and a $12.00 target price on the stock.

Several institutional investors have recently made changes to their positions in IS. Waratah Capital Advisors Ltd. bought a new stake in shares of ironSource in the second quarter valued at about $2,433,000. Americana Partners LLC bought a new stake in shares of ironSource in the second quarter valued at about $210,000. US Bancorp DE bought a new stake in ironSource during the second quarter worth about $144,000. Twin Lakes Capital Management LLC bought a new stake in ironSource during the second quarter worth about $55,000. Finally, HighTower Advisors LLC bought a new stake in ironSource during the second quarter worth about $195,000.

IS traded up $0.47 during midday trading on Friday, hitting $11.56. The company had a trading volume of 27,749 shares, compared to its average volume of 1,910,391. ironSource has a twelve month low of $7.80 and a twelve month high of $12.70. The firm has a 50-day moving average price of $10.37.

ironSource (NYSE:IS) last issued its earnings results on Wednesday, August 11th. The company reported $0.02 earnings per share (EPS) for the quarter. The business had revenue of $135.04 million during the quarter, compared to the consensus estimate of $124.80 million. On average, sell-side analysts expect that ironSource will post 0.08 EPS for the current fiscal year.

About ironSource

ironSource Ltd. operates a business platform for app developers and telecom operators. Its platforms include Sonic solution suite that supports developers to launch, monetize, and scale their apps and games by providing solutions for app discovery, user growth, content monetization, analytics, and publishing; and Aura solution suite, which allows telecom operators to enrich the device experience by creating new engagement touchpoints that deliver relevant content for their users across the entire lifecycle of the device.

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Analyst Recommendations for ironSource (NYSE:IS)

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