Y Intercept Hong Kong Ltd Lowers Stock Position in Integral Ad Science Holding Corp. (NASDAQ:IAS)

Y Intercept Hong Kong Ltd lowered its position in Integral Ad Science Holding Corp. (NASDAQ:IAS) by 25.6% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 30,443 shares of the company’s stock after selling 10,495 shares during the period. Y Intercept Hong Kong Ltd’s holdings in Integral Ad Science were worth $329,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of IAS. Point72 DIFC Ltd acquired a new stake in Integral Ad Science in the 3rd quarter valued at $41,000. nVerses Capital LLC purchased a new position in Integral Ad Science during the third quarter valued at $45,000. Quantbot Technologies LP acquired a new stake in shares of Integral Ad Science in the third quarter valued at about $106,000. XTX Topco Ltd acquired a new stake in shares of Integral Ad Science in the second quarter valued at about $113,000. Finally, Edgestream Partners L.P. purchased a new stake in shares of Integral Ad Science during the second quarter worth about $125,000. 95.78% of the stock is owned by hedge funds and other institutional investors.

Integral Ad Science Trading Up 0.1 %

Shares of Integral Ad Science stock opened at $10.45 on Wednesday. Integral Ad Science Holding Corp. has a fifty-two week low of $7.98 and a fifty-two week high of $17.53. The company has a debt-to-equity ratio of 0.07, a quick ratio of 3.71 and a current ratio of 3.71. The firm has a market capitalization of $1.70 billion, a price-to-earnings ratio of 52.25, a PEG ratio of 1.49 and a beta of 1.45. The stock has a 50 day moving average of $11.15 and a 200 day moving average of $10.68.

Integral Ad Science (NASDAQ:IAS) last issued its quarterly earnings data on Tuesday, November 12th. The company reported $0.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.08 by $0.02. Integral Ad Science had a return on equity of 3.47% and a net margin of 6.39%. The firm had revenue of $133.50 million during the quarter, compared to the consensus estimate of $138.06 million. During the same period last year, the company earned ($0.09) EPS. The company’s quarterly revenue was up 11.0% on a year-over-year basis. As a group, research analysts predict that Integral Ad Science Holding Corp. will post 0.26 earnings per share for the current year.

Insider Transactions 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 shares were sold at an average price of $10.11, for a total transaction of $52,976.40. Following the sale, the chief financial officer now directly owns 248,223 shares in the company, valued at $2,509,534.53. This represents a 2.07 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Lisa Utzschneider sold 10,481 shares of the firm’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 completion of the transaction, the chief executive officer now directly 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 position. The disclosure for this sale can be found here. In the last three months, insiders have sold 16,363 shares of company stock worth $165,629. 2.00% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the company. Truist Financial lowered their price objective on Integral Ad Science from $18.00 to $16.00 and set a “buy” rating on the stock in a report on Wednesday, November 13th. Scotiabank initiated coverage on Integral Ad Science in a research report on Thursday, December 5th. They set a “sector perform” rating and a $10.00 price target for the company. Oppenheimer decreased their price objective on Integral Ad Science from $20.00 to $18.00 and set an “outperform” rating on the stock in a report on Wednesday, November 13th. Benchmark reaffirmed a “hold” rating on shares of Integral Ad Science in a report on Thursday, November 14th. Finally, Piper Sandler decreased their price target on shares of Integral Ad Science from $18.00 to $16.00 and set an “overweight” rating on the stock in a research note on Wednesday, November 13th. Four 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, Integral Ad Science presently has a consensus rating of “Moderate Buy” and a consensus price target of $15.18.

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.