Integral Ad Science (NASDAQ:IAS) Stock Price Down 3.7% – Here’s Why

Integral Ad Science Holding Corp. (NASDAQ:IAS) was down 3.7% during trading on Monday . The company traded as low as $6.46 and last traded at $6.48. Approximately 165,502 shares traded hands during mid-day trading, a decline of 85% from the average daily volume of 1,138,832 shares. The stock had previously closed at $6.73.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on IAS shares. Scotiabank assumed coverage on Integral Ad Science in a research note on Friday, February 28th. They set a “sector perform” rating and a $12.00 price target for the company. Baird R W lowered shares of Integral Ad Science from a “strong-buy” rating to a “hold” rating in a research report on Friday, March 28th. Truist Financial boosted their target price on shares of Integral Ad Science from $16.00 to $17.00 and gave the stock a “buy” rating in a research report on Monday, March 3rd. Benchmark restated a “hold” rating on shares of Integral Ad Science in a report on Friday, February 28th. Finally, Barclays reissued an “equal weight” rating on shares of Integral Ad Science in a research report on Friday, February 28th. Five analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $14.45.

Integral Ad Science Stock Down 2.5 %

The firm has a 50-day moving average of $9.27 and a two-hundred day moving average of $10.24. The firm has a market cap of $1.07 billion, a price-to-earnings ratio of 32.80, a PEG ratio of 1.06 and a beta of 1.53. The company has a current ratio of 3.71, a quick ratio of 3.71 and a debt-to-equity ratio of 0.07.

Integral Ad Science (NASDAQ:IAS) last issued its quarterly earnings results on Friday, February 28th. The company reported $0.09 EPS for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.03). Integral Ad Science had a return on equity of 3.47% and a net margin of 6.39%. The business had revenue of $153.00 million for the quarter, compared to analyst estimates of $148.83 million. During the same quarter last year, the firm earned $0.06 earnings per share. The firm’s quarterly revenue was up 13.9% compared to the same quarter last year. As a group, sell-side analysts predict that Integral Ad Science Holding Corp. will post 0.26 earnings per share for the current fiscal year.

Insider Activity

In other news, CEO Lisa Utzschneider sold 68,671 shares of the business’s stock in a transaction that occurred on Thursday, April 3rd. The stock was sold at an average price of $7.44, for a total transaction of $510,912.24. Following the sale, the chief executive officer now directly owns 334,051 shares in the company, valued at approximately $2,485,339.44. The trade was a 17.05 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Over the last 90 days, insiders sold 90,303 shares of company stock valued at $706,660. Insiders own 2.00% of the company’s stock.

Hedge Funds Weigh In On Integral Ad Science

Hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. boosted its stake in Integral Ad Science by 2.3% in the 4th quarter. Vanguard Group Inc. now owns 9,048,546 shares of the company’s stock valued at $94,467,000 after buying an additional 205,562 shares in the last quarter. Alyeska Investment Group L.P. bought a new position in Integral Ad Science during the 4th quarter valued at about $41,543,000. Dimensional Fund Advisors LP grew its stake in Integral Ad Science by 18.1% during the fourth quarter. Dimensional Fund Advisors LP now owns 3,789,996 shares of the company’s stock worth $39,567,000 after buying an additional 580,323 shares during the last quarter. Ararat Capital Management LP increased its holdings in shares of Integral Ad Science by 13.4% during the fourth quarter. Ararat Capital Management LP now owns 2,281,912 shares of the company’s stock worth $23,823,000 after buying an additional 269,346 shares in the last quarter. Finally, Nuveen Asset Management LLC raised its stake in shares of Integral Ad Science by 0.8% in the fourth quarter. Nuveen Asset Management LLC now owns 1,920,523 shares of the company’s stock valued at $20,050,000 after acquiring an additional 15,432 shares during the last quarter. Institutional investors and hedge funds own 95.78% of the company’s stock.

Integral Ad Science Company Profile

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.