Integral Ad Science (NASDAQ:IAS) Trading 10.4% Higher – Here’s Why

Integral Ad Science Holding Corp. (NASDAQ:IAS) traded up 10.4% on Friday . The company traded as high as $12.45 and last traded at $11.72. 1,922,343 shares traded hands during mid-day trading, an increase of 39% from the average session volume of 1,386,821 shares. The stock had previously closed at $10.62.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. Morgan Stanley boosted their price objective on shares of Integral Ad Science from $12.00 to $13.00 and gave the stock an “equal weight” rating in a report on Tuesday, July 23rd. Barclays boosted their price objective on shares of Integral Ad Science from $12.00 to $13.00 and gave the stock an “equal weight” rating in a report on Monday, August 5th. Benchmark reaffirmed a “hold” rating on shares of Integral Ad Science in a research report on Monday, August 5th. Finally, Raymond James lifted their target price on shares of Integral Ad Science from $13.00 to $15.00 and gave the stock an “outperform” rating in a research report on Friday, August 2nd. Three analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $16.40.

Integral Ad Science Stock Performance

The business’s 50-day moving average price is $10.95 and its 200-day moving average price is $10.22. The company has a debt-to-equity ratio of 0.10, a quick ratio of 3.76 and a current ratio of 3.76. The stock has a market cap of $1.88 billion, a P/E ratio of 1,213.00, a P/E/G ratio of 1.22 and a beta of 1.54.

Integral Ad Science (NASDAQ:IAS) last issued its quarterly earnings data on Thursday, August 1st. The company reported $0.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.02 by $0.03. Integral Ad Science had a net margin of 0.57% and a return on equity of 0.31%. The firm had revenue of $129.01 million during the quarter, compared to the consensus estimate of $126.31 million. During the same quarter in the previous year, the firm posted $0.05 EPS. The company’s revenue for the quarter was up 13.5% compared to the same quarter last year. As a group, sell-side analysts expect that Integral Ad Science Holding Corp. will post 0.29 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CFO Tania Secor sold 5,240 shares of the company’s stock in a transaction on Monday, October 7th. The shares were sold at an average price of $10.11, for a total value of $52,976.40. Following the completion of the transaction, the chief financial officer now owns 248,223 shares of the company’s stock, valued at approximately $2,509,534.53. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. In other Integral Ad Science news, CEO Lisa Utzschneider sold 10,481 shares of the business’s stock in a transaction on Monday, October 7th. The shares were sold at an average price of $10.11, for a total value of $105,962.91. Following the sale, the chief executive officer now owns 239,709 shares in the company, valued at $2,423,457.99. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Tania Secor sold 5,240 shares of the business’s stock in a transaction on Monday, October 7th. The stock was sold at an average price of $10.11, for a total transaction of $52,976.40. Following the completion of the sale, the chief financial officer now owns 248,223 shares in the company, valued at approximately $2,509,534.53. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 32,357 shares of company stock valued at $342,409. Company insiders own 2.00% of the company’s stock.

Institutional Trading of Integral Ad Science

Several hedge funds have recently bought and sold shares of the stock. nVerses Capital LLC purchased a new stake in shares of Integral Ad Science during the 3rd quarter valued at about $45,000. Ameritas Investment Partners Inc. grew its holdings in Integral Ad Science by 40.1% during the 1st quarter. Ameritas Investment Partners Inc. now owns 6,724 shares of the company’s stock valued at $67,000 after purchasing an additional 1,924 shares during the last quarter. XTX Topco Ltd bought a new position in Integral Ad Science during the 2nd quarter valued at about $113,000. ProShare Advisors LLC bought a new position in Integral Ad Science during the 1st quarter valued at about $121,000. Finally, Edgestream Partners L.P. bought a new position in Integral Ad Science during the 2nd quarter valued at about $125,000. Hedge funds and other institutional investors own 95.78% of the company’s stock.

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.