Integral Ad Science (NASDAQ:IAS) Shares Gap Down – Here’s Why

Integral Ad Science Holding Corp. (NASDAQ:IAS)’s stock price gapped down before the market opened on Monday . The stock had previously closed at $10.71, but opened at $10.19. Integral Ad Science shares last traded at $10.45, with a volume of 193,374 shares.

Analyst Upgrades and Downgrades

IAS has been the topic of several research analyst reports. Craig Hallum dropped their target price on shares of Integral Ad Science from $18.00 to $16.00 and set a “buy” rating on the stock in a research report on Wednesday, November 13th. Scotiabank started coverage on Integral Ad Science in a report on Thursday, December 5th. They issued a “sector perform” rating and a $10.00 price objective on the stock. Oppenheimer reduced their target price on Integral Ad Science from $20.00 to $18.00 and set an “outperform” rating for the company in a report on Wednesday, November 13th. Truist Financial lowered their price target on Integral Ad Science from $18.00 to $16.00 and set a “buy” rating on the stock in a research note on Wednesday, November 13th. Finally, Benchmark reissued a “hold” rating on shares of Integral Ad Science in a research note on Thursday, November 14th. Four 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.com, Integral Ad Science currently has an average rating of “Moderate Buy” and a consensus price target of $15.18.

Integral Ad Science Stock Performance

The firm has a fifty day moving average price of $11.00 and a 200 day moving average price of $10.79. The company has a current ratio of 3.71, a quick ratio of 3.71 and a debt-to-equity ratio of 0.07. The firm has a market cap of $1.66 billion, a PE ratio of 51.00, a price-to-earnings-growth ratio of 1.46 and a beta of 1.46.

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

Institutional Trading of Integral Ad Science

Institutional investors and hedge funds have recently bought and sold shares of the stock. Bank of New York Mellon Corp lifted its stake in Integral Ad Science by 30.3% during the second quarter. Bank of New York Mellon Corp now owns 274,734 shares of the company’s stock worth $2,670,000 after purchasing an additional 63,839 shares in the last quarter. Principal Financial Group Inc. lifted its stake in Integral Ad Science by 9.3% during the 2nd quarter. Principal Financial Group Inc. now owns 61,108 shares of the company’s stock worth $594,000 after acquiring an additional 5,189 shares in the last quarter. Rhumbline Advisers boosted its holdings in Integral Ad Science by 41.2% during the 2nd quarter. Rhumbline Advisers now owns 106,697 shares of the company’s stock valued at $1,037,000 after acquiring an additional 31,145 shares during the period. Victory Capital Management Inc. grew its position in Integral Ad Science by 80.8% in the 2nd quarter. Victory Capital Management Inc. now owns 49,601 shares of the company’s stock valued at $482,000 after acquiring an additional 22,160 shares in the last quarter. Finally, Federated Hermes Inc. purchased a new stake in Integral Ad Science during the second quarter worth about $219,000. 95.78% of the stock is currently owned by hedge funds and other 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.