Integral Ad Science Holding Corp. (NASDAQ:IAS) Sees Significant Growth in Short Interest

Integral Ad Science Holding Corp. (NASDAQ:IAS) saw a large increase in short interest in June. As of June 15th, there was short interest totalling 6,860,000 shares, an increase of 8.2% from the May 31st total of 6,340,000 shares. Based on an average trading volume of 1,900,000 shares, the short-interest ratio is currently 3.6 days. Currently, 9.6% of the company’s stock are sold short.

Integral Ad Science Trading Up 0.6 %

IAS traded up $0.06 on Tuesday, hitting $9.77. The company had a trading volume of 205,141 shares, compared to its average volume of 1,782,633. The company has a current ratio of 4.32, a quick ratio of 4.32 and a debt-to-equity ratio of 0.13. The firm has a market cap of $1.57 billion, a P/E ratio of 971.97, a PEG ratio of 1.69 and a beta of 1.54. The company’s fifty day moving average price is $9.54 and its 200 day moving average price is $11.72. Integral Ad Science has a 1 year low of $7.98 and a 1 year high of $20.88.

Integral Ad Science (NASDAQ:IAS) last issued its quarterly earnings results on Thursday, May 9th. The company reported ($0.01) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of ($0.01). The company had revenue of $114.50 million for the quarter, compared to analyst estimates of $112.12 million. Integral Ad Science had a net margin of 0.59% and a return on equity of 0.32%. The business’s revenue for the quarter was up 7.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.02 earnings per share. As a group, equities analysts expect that Integral Ad Science will post 0.22 earnings per share for the current year.

Insiders Place Their Bets

In other news, CAO Alexis Gil II sold 2,792 shares of the firm’s stock in a transaction dated Tuesday, June 4th. The shares were sold at an average price of $9.09, for a total value of $25,379.28. Following the sale, the chief accounting officer now directly owns 145,550 shares in the company, valued at approximately $1,323,049.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, CAO Alexis Gil II sold 2,792 shares of the stock in a transaction that occurred on Tuesday, June 4th. The shares were sold at an average price of $9.09, for a total value of $25,379.28. Following the completion of the transaction, the chief accounting officer now directly owns 145,550 shares of the company’s stock, valued at approximately $1,323,049.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible 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 shares were sold at an average price of $10.05, for a total transaction of $305,590.35. Following the completion of the transaction, 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 59,242 shares of company stock worth $592,058 in the last three months. Corporate insiders own 2.00% of the company’s stock.

Institutional Trading of Integral Ad Science

A number of institutional investors and hedge funds have recently bought and sold shares of the business. American Trust grew its position in shares of Integral Ad Science by 18.0% during the first quarter. American Trust now owns 13,742 shares of the company’s stock worth $137,000 after buying an additional 2,096 shares in the last quarter. California State Teachers Retirement System grew its position in shares of Integral Ad Science by 24.6% during the first quarter. California State Teachers Retirement System now owns 70,832 shares of the company’s stock worth $706,000 after buying an additional 13,997 shares in the last quarter. Jacobs Levy Equity Management Inc. boosted its holdings in Integral Ad Science by 4.7% in the first quarter. Jacobs Levy Equity Management Inc. now owns 1,246,556 shares of the company’s stock valued at $12,428,000 after purchasing an additional 55,844 shares in the last quarter. Janus Henderson Group PLC boosted its holdings in Integral Ad Science by 726.2% in the first quarter. Janus Henderson Group PLC now owns 162,596 shares of the company’s stock valued at $1,621,000 after purchasing an additional 142,915 shares in the last quarter. Finally, Kodai Capital Management LP acquired a new position in Integral Ad Science in the first quarter valued at approximately $643,000. 95.78% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on IAS. Morgan Stanley reaffirmed an “equal weight” rating and set a $12.00 price objective (down previously from $18.00) on shares of Integral Ad Science in a research note on Tuesday, April 16th. Loop Capital assumed coverage on shares of Integral Ad Science in a research note on Tuesday, April 30th. They issued a “buy” rating and a $15.00 price target on the stock. Craig Hallum lowered their target price on shares of Integral Ad Science from $20.00 to $18.00 and set a “buy” rating on the stock in a research note on Friday, May 10th. Barclays lowered their target price on shares of Integral Ad Science from $16.00 to $12.00 and set an “equal weight” rating on the stock in a research note on Monday, April 15th. Finally, Raymond James lowered their target price on shares of Integral Ad Science from $16.00 to $13.00 and set an “outperform” rating on the stock in a research note on Friday, May 10th. Three investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $16.77.

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.