Integral Ad Science (NASDAQ:IAS) Releases Earnings Results, Beats Estimates By $0.02 EPS

Integral Ad Science (NASDAQ:IAS) posted its earnings results on Tuesday. The company reported $0.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.08 by $0.02, Briefing.com reports. 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 posted ($0.09) earnings per share. Integral Ad Science’s quarterly revenue was up 11.0% compared to the same quarter last year. Integral Ad Science updated its FY 2024 guidance to EPS and its Q4 2024 guidance to EPS.

Integral Ad Science Price Performance

Integral Ad Science stock traded down $0.02 during mid-day trading on Thursday, reaching $10.77. The company had a trading volume of 1,018,965 shares, compared to its average volume of 1,390,188. The business has a fifty day simple moving average of $11.12 and a 200 day simple moving average of $10.46. The company has a market cap of $1.74 billion, a P/E ratio of 53.45, a P/E/G ratio of 1.90 and a beta of 1.52. Integral Ad Science has a fifty-two week low of $7.98 and a fifty-two week high of $17.53. The company has a current ratio of 3.76, a quick ratio of 3.76 and a debt-to-equity ratio of 0.10.

Analysts Set New Price Targets

IAS has been the subject of several recent research reports. Craig Hallum dropped their target price on shares of Integral Ad Science from $18.00 to $16.00 and set a “buy” rating for the company in a research report on Wednesday. Truist Financial decreased their price target on shares of Integral Ad Science from $18.00 to $16.00 and set a “buy” rating for the company in a report on Wednesday. Raymond James boosted their price target on shares of Integral Ad Science from $13.00 to $15.00 and gave the company an “outperform” rating in a report on Friday, August 2nd. Benchmark reissued a “hold” rating on shares of Integral Ad Science in a report on Thursday. Finally, Barclays boosted their price target on shares of Integral Ad Science from $12.00 to $13.00 and gave the company an “equal weight” rating in a report on Monday, August 5th. Three equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $15.70.

Insider Activity

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 shares were sold at an average price of $10.11, for a total value of $52,976.40. Following the transaction, the chief financial officer now directly owns 248,223 shares in the company, valued at $2,509,534.53. The trade was a 2.07 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Lisa Utzschneider sold 10,481 shares of the company’s stock in a transaction that occurred on Monday, October 7th. The shares were sold at an average price of $10.11, for a total transaction 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 4.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 23,006 shares of company stock valued at $240,296. Insiders own 2.00% 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.