Integral Ad Science (NASDAQ:IAS) Shares Gap Up on Strong Earnings

Integral Ad Science Holding Corp. (NASDAQ:IAS) shares gapped up prior to trading on Friday following a stronger than expected earnings report. The stock had previously closed at $8.38, but opened at $10.00. Integral Ad Science shares last traded at $8.97, with a volume of 874,532 shares.

The company reported ($0.01) earnings per share for the quarter, topping the consensus estimate of ($0.02) by $0.01. The business had revenue of $114.50 million during the quarter, compared to the consensus estimate of $112.12 million. Integral Ad Science had a return on equity of 0.83% and a net margin of 1.53%. Integral Ad Science’s revenue for the quarter was up 7.9% on a year-over-year basis. During the same period in the prior year, the company earned $0.02 EPS.

Wall Street Analyst Weigh In

A number of brokerages have commented on IAS. Raymond James cut Integral Ad Science from a “strong-buy” rating to an “outperform” rating and reduced their price objective for the company from $20.00 to $16.00 in a research note on Wednesday, February 28th. BMO Capital Markets reduced their price objective on Integral Ad Science from $18.00 to $16.00 and set an “outperform” rating for the company in a research note on Wednesday, February 28th. Barclays reduced their price objective on Integral Ad Science from $16.00 to $12.00 and set an “equal weight” rating for the company in a research note on Monday, April 15th. Benchmark restated a “hold” rating on shares of Integral Ad Science in a report on Tuesday. Finally, Loop Capital assumed coverage on Integral Ad Science in a report on Tuesday, April 30th. They issued a “buy” rating and a $15.00 target price on the stock. Three research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $17.38.

Insider Activity at Integral Ad Science

In other Integral Ad Science news, CAO Alexis Gil II sold 3,177 shares of the company’s stock in a transaction on Monday, March 4th. The stock was sold at an average price of $10.24, for a total transaction of $32,532.48. Following the completion of the sale, the chief accounting officer now owns 120,195 shares in the company, valued at $1,230,796.80. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In related news, CFO Tania Secor sold 8,929 shares of the company’s stock in a transaction on Friday, March 8th. The stock was sold at an average price of $9.71, for a total value of $86,700.59. Following the transaction, the chief financial officer now directly owns 221,959 shares of the company’s stock, valued at approximately $2,155,221.89. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CAO Alexis Gil II sold 3,177 shares of the company’s stock in a transaction on Monday, March 4th. The shares were sold at an average price of $10.24, for a total value of $32,532.48. Following the completion of the transaction, the chief accounting officer now directly owns 120,195 shares in the company, valued at $1,230,796.80. The disclosure for this sale can be found here. Over the last quarter, insiders sold 75,126 shares of company stock worth $749,707. Company insiders own 2.00% of the company’s stock.

Institutional Investors Weigh In On Integral Ad Science

Several hedge funds have recently added to or reduced their stakes in the business. M&T Bank Corp boosted its stake in shares of Integral Ad Science by 5.6% during the 4th quarter. M&T Bank Corp now owns 14,430 shares of the company’s stock worth $207,000 after acquiring an additional 770 shares in the last quarter. Amalgamated Bank boosted its stake in shares of Integral Ad Science by 19.9% during the 3rd quarter. Amalgamated Bank now owns 6,951 shares of the company’s stock worth $83,000 after acquiring an additional 1,156 shares in the last quarter. American Trust boosted its stake in shares of Integral Ad Science by 10.8% during the 3rd quarter. American Trust now owns 13,328 shares of the company’s stock worth $158,000 after acquiring an additional 1,302 shares in the last quarter. Strs Ohio boosted its stake in shares of Integral Ad Science by 6.5% during the 3rd quarter. Strs Ohio now owns 37,800 shares of the company’s stock worth $449,000 after acquiring an additional 2,300 shares in the last quarter. Finally, Quantbot Technologies LP lifted its stake in Integral Ad Science by 7.1% in the 3rd quarter. Quantbot Technologies LP now owns 37,224 shares of the company’s stock valued at $443,000 after buying an additional 2,472 shares in the last quarter. 95.78% of the stock is owned by hedge funds and other institutional investors.

Integral Ad Science Price Performance

The stock has a market capitalization of $1.47 billion, a PE ratio of 224.31, a price-to-earnings-growth ratio of 1.72 and a beta of 1.58. The stock’s 50 day moving average is $9.63 and its two-hundred day moving average is $12.78. The company has a debt-to-equity ratio of 0.17, a quick ratio of 3.21 and a current ratio of 3.21.

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.