ironSource Ltd. (NYSE:IS) Expected to Post Quarterly Sales of $183.55 Million

Equities analysts expect ironSource Ltd. (NYSE:IS – Get Rating) to announce $183.55 million in sales for the current quarter, Zacks Investment Research reports. Five analysts have made estimates for ironSource’s earnings, with the lowest sales estimate coming in at $181.96 million and the highest estimate coming in at $187.50 million. The business is expected to issue its next earnings report on Monday, January 1st.

On average, analysts expect that ironSource will report full year sales of $812.40 million for the current financial year, with estimates ranging from $803.04 million to $830.00 million. For the next fiscal year, analysts forecast that the company will post sales of $1.04 billion, with estimates ranging from $1.02 billion to $1.10 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of research firms that that provide coverage for ironSource.

ironSource (NYSE:IS – Get Rating) last released its quarterly earnings data on Wednesday, February 16th. The company reported $0.03 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.02 by $0.01. The business had revenue of $158.27 million during the quarter, compared to analyst estimates of $144.63 million. The company’s quarterly revenue was up 46.1% compared to the same quarter last year.

IS has been the topic of a number of research reports. Robert W. Baird lowered their price target on ironSource from $14.00 to $10.00 in a report on Thursday, February 17th. Needham & Company LLC cut their price target on ironSource from $15.00 to $10.00 and set a “buy” rating on the stock in a report on Thursday, February 17th. The Goldman Sachs Group lowered their price objective on shares of ironSource from $14.00 to $12.00 and set a “buy” rating on the stock in a research report on Thursday, February 17th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of ironSource in a research report on Wednesday, February 2nd. They set a “buy” rating and a $9.00 target price for the company. Finally, Morgan Stanley began coverage on shares of ironSource in a research note on Monday, December 13th. They issued an “overweight” rating and a $10.50 target price on the stock. One research analyst has rated the stock with a hold rating and fifteen have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Buy” and an average target price of $12.00.

Hedge funds and other institutional investors have recently modified their holdings of the company. US Bancorp DE increased its stake in ironSource by 13.4% in the third quarter. US Bancorp DE now owns 15,635 shares of the company’s stock valued at $170,000 after purchasing an additional 1,844 shares during the last quarter. Carolinas Wealth Consulting LLC increased its position in ironSource by 20.0% in the 4th quarter. Carolinas Wealth Consulting LLC now owns 12,000 shares of the company’s stock valued at $93,000 after acquiring an additional 2,000 shares during the period. Jag Capital Management LLC boosted its stake in ironSource by 25.0% during the 4th quarter. Jag Capital Management LLC now owns 12,500 shares of the company’s stock valued at $97,000 after purchasing an additional 2,500 shares in the last quarter. Alliancebernstein L.P. boosted its stake in shares of ironSource by 3.9% during the 4th quarter. Alliancebernstein L.P. now owns 70,218 shares of the company’s stock worth $543,000 after acquiring an additional 2,631 shares in the last quarter. Finally, HighTower Advisors LLC boosted its stake in shares of ironSource by 16.2% during the 3rd quarter. HighTower Advisors LLC now owns 21,550 shares of the company’s stock worth $235,000 after acquiring an additional 3,000 shares in the last quarter. 19.63% of the stock is currently owned by institutional investors and hedge funds.

Shares of IS stock traded up $0.20 on Friday, reaching $4.72. 65,144 shares of the stock were exchanged, compared to its average volume of 4,232,131. ironSource has a twelve month low of $4.40 and a twelve month high of $13.14. The business’s 50 day moving average price is $5.58 and its 200 day moving average price is $7.90.

ironSource Company Profile (Get Rating)

ironSource Ltd. operates a business platform for app developers and telecom operators. Its platforms include Sonic solution suite that supports developers to launch, monetize, and scale their apps and games by providing solutions for app discovery, user growth, content monetization, analytics, and publishing; and Aura solution suite, which allows telecom operators to enrich the device experience by creating new engagement touchpoints that deliver relevant content for their users across the entire lifecycle of the device.

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