Benchmark Reaffirms “Hold” Rating for Integral Ad Science (NASDAQ:IAS)

Integral Ad Science (NASDAQ:IAS)‘s stock had its “hold” rating reiterated by analysts at Benchmark in a report released on Thursday,Benzinga reports.

Several other brokerages also recently issued reports on IAS. Truist Financial reduced 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. Piper Sandler decreased their price target on Integral Ad Science from $18.00 to $16.00 and set an “overweight” rating for the company in a research note on Wednesday. Craig Hallum cut their price objective on shares of Integral Ad Science from $18.00 to $16.00 and set a “buy” rating on the stock in a research note on Wednesday. Morgan Stanley increased their target price on shares of Integral Ad Science from $12.00 to $13.00 and gave the company an “equal weight” rating in a research report on Tuesday, July 23rd. Finally, Barclays boosted their price target 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 Monday, August 5th. Three equities research 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, Integral Ad Science has a consensus rating of “Moderate Buy” and an average price target of $15.70.

Integral Ad Science Trading Down 6.1 %

Shares of NASDAQ IAS opened at $10.11 on Thursday. The company has a market cap of $1.64 billion, a price-to-earnings ratio of 50.55, a price-to-earnings-growth ratio of 1.46 and a beta of 1.52. The stock’s 50 day simple moving average is $11.09 and its 200 day simple moving average is $10.47. The company has a current ratio of 3.71, a quick ratio of 3.76 and a debt-to-equity ratio of 0.07. Integral Ad Science has a 12-month low of $7.98 and a 12-month high of $17.53.

Integral Ad Science (NASDAQ:IAS) last announced its quarterly earnings results on Tuesday, November 12th. The company reported $0.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.08 by $0.02. The company had revenue of $133.50 million during the quarter, compared to the consensus estimate of $138.06 million. Integral Ad Science had a net margin of 6.39% and a return on equity of 3.47%. The company’s revenue for the quarter was up 11.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.09) earnings per share. Equities research analysts expect that Integral Ad Science will post 0.25 EPS for the current year.

Insider Activity at Integral Ad Science

In other Integral Ad Science 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 transaction of $52,976.40. Following 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 2.07 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Lisa Utzschneider sold 10,481 shares of the firm’s 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 completion of the transaction, the chief executive officer now owns 239,709 shares of the company’s stock, valued at approximately $2,423,457.99. The trade was a 4.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 23,006 shares of company stock valued at $240,296 over the last ninety days. Insiders own 2.00% of the company’s stock.

Institutional Investors Weigh In On Integral Ad Science

Several hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. lifted its holdings in shares of Integral Ad Science by 7.0% in the first quarter. Vanguard Group Inc. now owns 8,673,229 shares of the company’s stock valued at $86,472,000 after purchasing an additional 566,982 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in Integral Ad Science in the 2nd quarter worth about $4,724,000. Nisa Investment Advisors LLC grew its stake in Integral Ad Science by 449,805.3% during the 2nd quarter. Nisa Investment Advisors LLC now owns 427,410 shares of the company’s stock valued at $4,154,000 after acquiring an additional 427,315 shares in the last quarter. Clearbridge Investments LLC increased its holdings in shares of Integral Ad Science by 11.8% in 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. Finally, Jupiter Asset Management Ltd. purchased a new stake in shares of Integral Ad Science in the first quarter worth approximately $3,257,000. Hedge funds and other institutional investors own 95.78% of the company’s stock.

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.