Piper Sandler Cuts Integral Ad Science (NASDAQ:IAS) Price Target to $16.00

Integral Ad Science (NASDAQ:IAS) had its price objective lowered by Piper Sandler from $18.00 to $16.00 in a research report released on Wednesday,Benzinga reports. The brokerage currently has an overweight rating on the stock.

Other equities research analysts have also issued research reports about the company. Craig Hallum dropped their price objective on Integral Ad Science from $18.00 to $16.00 and set a “buy” rating for the company in a research note on Wednesday. Raymond James lifted their price target on Integral Ad Science from $13.00 to $15.00 and gave the company an “outperform” rating in a research report on Friday, August 2nd. Morgan Stanley upped 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 research report on Tuesday, July 23rd. Benchmark reiterated a “hold” rating on shares of Integral Ad Science in a research report on Monday, August 5th. Finally, Oppenheimer cut their price target on shares of Integral Ad Science from $20.00 to $18.00 and set an “outperform” rating for the company in a research note on Wednesday. Three equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $15.70.

Integral Ad Science Stock Down 14.5 %

IAS stock opened at $10.79 on Wednesday. The stock has a 50-day simple moving average of $11.13 and a two-hundred day simple moving average of $10.46. Integral Ad Science has a twelve month low of $7.98 and a twelve month high of $17.53. The firm has a market capitalization of $1.74 billion, a PE ratio of 55.00, a PEG ratio of 1.90 and a beta of 1.52. The company has a quick ratio of 3.76, a current ratio of 3.76 and a debt-to-equity ratio of 0.10.

Integral Ad Science (NASDAQ:IAS) last issued its quarterly earnings data on Tuesday, November 12th. The company reported $0.10 EPS for the quarter, beating the consensus estimate of $0.08 by $0.02. Integral Ad Science had a net margin of 6.39% and a return on equity of 3.52%. The company had revenue of $133.50 million during the quarter, compared to analysts’ expectations of $138.06 million. During the same quarter in the previous year, the company earned ($0.09) earnings per share. Integral Ad Science’s revenue for the quarter was up 11.0% on a year-over-year basis. On average, equities analysts predict that Integral Ad Science will post 0.23 EPS for the current fiscal year.

Insider Transactions at Integral Ad Science

In related news, CFO Tania Secor sold 5,240 shares of the stock in a transaction on Monday, October 7th. The shares were sold at an average price of $10.11, for a total transaction of $52,976.40. Following the transaction, the chief financial officer now owns 248,223 shares of the company’s stock, valued at approximately $2,509,534.53. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, CFO Tania Secor sold 5,240 shares of the business’s 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 completion of the sale, the chief financial officer now owns 248,223 shares of the company’s stock, valued at approximately $2,509,534.53. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Lisa Utzschneider sold 10,481 shares of the firm’s stock in a transaction that occurred on Monday, October 7th. The stock was sold at an average price of $10.11, for a total value of $105,962.91. Following the transaction, the chief executive officer now owns 239,709 shares in the company, valued at approximately $2,423,457.99. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 23,006 shares of company stock worth $240,296. 2.00% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Integral Ad Science

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Jupiter Asset Management Ltd. purchased a new stake in Integral Ad Science in the 1st quarter worth approximately $3,257,000. Clearline Capital LP bought a new position in shares of Integral Ad Science during the second quarter valued at approximately $916,000. abrdn plc lifted its stake in Integral Ad Science by 12.5% in the third quarter. abrdn plc now owns 2,147,656 shares of the company’s stock worth $23,216,000 after acquiring an additional 237,930 shares during the period. 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 acquiring an additional 55,844 shares in the last quarter. Finally, Clearbridge Investments LLC increased its position in Integral Ad Science by 11.8% during the 1st quarter. Clearbridge Investments LLC now owns 3,906,652 shares of the company’s stock valued at $38,949,000 after purchasing an additional 412,044 shares during the period. 95.78% of the stock is currently owned by institutional investors.

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.