Integral Ad Science (NASDAQ:IAS) Announces Quarterly Earnings Results

Integral Ad Science (NASDAQ:IAS) released its quarterly earnings data on Tuesday. The company reported $0.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.08 by $0.02, Briefing.com reports. The firm had revenue of $133.50 million during the quarter, compared to analysts’ expectations of $138.06 million. Integral Ad Science had a return on equity of 3.52% and a net margin of 6.39%. Integral Ad Science’s revenue was up 11.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($0.09) earnings per share. Integral Ad Science updated its FY 2024 guidance to EPS and its Q4 2024 guidance to EPS.

Integral Ad Science Stock Down 14.5 %

IAS opened at $10.79 on Thursday. The company has a quick ratio of 3.76, a current ratio of 3.76 and a debt-to-equity ratio of 0.10. The firm has a market cap of $1.74 billion, a P/E ratio of 53.95, a PEG ratio of 1.90 and a beta of 1.52. Integral Ad Science has a 52 week low of $7.98 and a 52 week high of $17.53. The business’s fifty day simple moving average is $11.12 and its 200 day simple moving average is $10.46.

Insider Activity at Integral Ad Science

In related news, CEO Lisa Utzschneider sold 10,481 shares of the stock in a transaction dated Monday, October 7th. The stock was sold at an average price of $10.11, for a total transaction of $105,962.91. Following the transaction, the chief executive officer now directly owns 239,709 shares in the company, valued at approximately $2,423,457.99. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In related news, CEO Lisa Utzschneider sold 10,481 shares of the stock in a transaction dated Monday, October 7th. The stock was sold at an average price of $10.11, for a total transaction of $105,962.91. Following the transaction, the chief executive officer now directly owns 239,709 shares in the company, valued at approximately $2,423,457.99. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CFO Tania Secor sold 5,240 shares of the stock in a transaction dated Monday, October 7th. The stock was sold at an average price of $10.11, for a total value of $52,976.40. Following the transaction, the chief financial officer now owns 248,223 shares in the company, valued at $2,509,534.53. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 23,006 shares of company stock valued at $240,296 over the last quarter. Insiders own 2.00% of the company’s stock.

Analyst Upgrades and Downgrades

IAS has been the subject of several research analyst reports. Craig Hallum cut their price objective on Integral Ad Science from $18.00 to $16.00 and set a “buy” rating for the company in a research report on Wednesday. Benchmark reissued a “hold” rating on shares of Integral Ad Science in a report on Monday, August 5th. Oppenheimer lowered their target price on Integral Ad Science from $20.00 to $18.00 and set an “outperform” rating on the stock in a report on Wednesday. Morgan Stanley upped their target price on Integral Ad Science from $12.00 to $13.00 and gave the company an “equal weight” rating in a report on Tuesday, July 23rd. Finally, Piper Sandler lowered their target price on Integral Ad Science from $18.00 to $16.00 and set an “overweight” rating on the stock in a report on Wednesday. Three investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $15.70.

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.