Integral Ad Science (NASDAQ:IAS) Sees Large Volume Increase

Integral Ad Science Holding Corp. (NASDAQ:IAS) saw strong trading volume on Wednesday . 5,776,470 shares traded hands during trading, an increase of 210% from the previous session’s volume of 1,862,476 shares.The stock last traded at $9.77 and had previously closed at $9.74.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the company. BMO Capital Markets reduced their price target on Integral Ad Science from $18.00 to $16.00 and set an “outperform” rating for the company in a research report on Wednesday, February 28th. Oppenheimer cut their price objective on Integral Ad Science from $25.00 to $20.00 and set an “outperform” rating for the company in a research report on Wednesday, February 28th. Barclays cut 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 report on Monday, April 15th. Piper Sandler cut their price objective on Integral Ad Science from $20.00 to $18.00 and set an “overweight” rating for the company in a research report on Wednesday, February 28th. Finally, Benchmark reaffirmed a “hold” rating on shares of Integral Ad Science in a research note on Tuesday, May 7th. Three equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $16.77.

Integral Ad Science Trading Up 1.4 %

The company has a 50 day moving average price of $9.62 and a 200 day moving average price of $12.67. The firm has a market cap of $1.59 billion, a price-to-earnings ratio of 974.97, a price-to-earnings-growth ratio of 1.86 and a beta of 1.58. The company has a debt-to-equity ratio of 0.13, a quick ratio of 4.32 and a current ratio of 4.32.

Integral Ad Science (NASDAQ:IAS) last posted its quarterly earnings data on Thursday, May 9th. The company reported ($0.01) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.01). The firm had revenue of $114.50 million for the quarter, compared to the consensus estimate of $112.12 million. Integral Ad Science had a return on equity of 0.32% and a net margin of 0.59%. The company’s quarterly revenue was up 7.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.02 EPS. On average, research analysts expect that Integral Ad Science Holding Corp. will post 0.22 earnings per share for the current year.

Insiders Place Their Bets

In other Integral Ad Science news, CAO Alexis Gil II sold 3,177 shares of the company’s stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $10.24, for a total transaction of $32,532.48. Following the sale, the chief accounting officer now owns 120,195 shares in the company, valued at approximately $1,230,796.80. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, CAO Alexis Gil II sold 3,177 shares of the company’s stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $10.24, for a total value of $32,532.48. Following the completion of the sale, the chief accounting officer now directly owns 120,195 shares of the company’s stock, valued at approximately $1,230,796.80. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Lisa Utzschneider sold 30,407 shares of the stock in a transaction that occurred on Monday, April 8th. The stock was sold at an average price of $10.05, for a total value of $305,590.35. Following the sale, the chief executive officer now directly owns 188,678 shares of the company’s stock, valued at $1,896,213.90. The disclosure for this sale can be found here. Insiders have sold a total of 75,126 shares of company stock worth $749,707 in the last quarter. 2.00% of the stock is owned by company insiders.

Hedge Funds Weigh In On Integral Ad Science

Large investors have recently modified their holdings of the business. Lisanti Capital Growth LLC purchased a new position in shares of Integral Ad Science during the 4th quarter worth approximately $2,438,000. Advantage Alpha Capital Partners LP purchased a new position in shares of Integral Ad Science during the 3rd quarter worth approximately $2,260,000. Qube Research & Technologies Ltd purchased a new position in shares of Integral Ad Science during the 3rd quarter worth approximately $5,548,000. DekaBank Deutsche Girozentrale purchased a new position in Integral Ad Science in the 3rd quarter valued at approximately $62,000. Finally, Jacobs Levy Equity Management Inc. increased its stake in Integral Ad Science by 88.4% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 1,167,392 shares of the company’s stock valued at $13,880,000 after purchasing an additional 547,856 shares in the last quarter. 95.78% of the stock is owned by hedge funds and other institutional investors.

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.