ironSource Ltd. (NYSE:IS) Given Average Recommendation of “Buy” by Analysts

ironSource Ltd. (NYSE:ISGet Rating) has received a consensus rating of “Buy” from the sixteen ratings firms that are presently covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a hold recommendation and fourteen have assigned a buy recommendation to the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $12.02.

Several equities analysts have recently issued reports on IS shares. Needham & Company LLC lowered their price target on ironSource from $15.00 to $10.00 and set a “buy” rating for the company in a research report on Thursday, February 17th. The Goldman Sachs Group reduced their price objective on ironSource from $12.00 to $7.00 and set a “buy” rating for the company in a report on Tuesday, April 19th. Robert W. Baird reduced their price objective on ironSource from $14.00 to $10.00 in a report on Thursday, February 17th. Zacks Investment Research downgraded ironSource from a “buy” rating to a “hold” rating in a report on Thursday, February 24th. Finally, Deutsche Bank Aktiengesellschaft started coverage on ironSource in a report on Wednesday, February 2nd. They issued a “buy” rating and a $9.00 price objective for the company.

Shares of ironSource stock opened at $3.98 on Wednesday. The business has a fifty day simple moving average of $5.11 and a two-hundred day simple moving average of $7.45. ironSource has a 12 month low of $3.98 and a 12 month high of $13.14.

ironSource (NYSE:ISGet Rating) last posted its quarterly earnings results on Wednesday, February 16th. The company reported $0.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.02 by $0.01. The company had revenue of $158.27 million during the quarter, compared to analysts’ expectations of $144.63 million. The firm’s revenue was up 46.1% on a year-over-year basis. Sell-side analysts anticipate that ironSource will post 0.13 EPS for the current year.

A number of hedge funds and other institutional investors have recently bought and sold shares of IS. Neuberger Berman Group LLC lifted its holdings in ironSource by 9,773.4% in the 3rd quarter. Neuberger Berman Group LLC now owns 15,108,832 shares of the company’s stock worth $164,233,000 after purchasing an additional 14,955,807 shares in the last quarter. Ensign Peak Advisors Inc purchased a new position in ironSource in the 4th quarter worth approximately $106,824,000. Capital World Investors raised its holdings in shares of ironSource by 57.6% during the 3rd quarter. Capital World Investors now owns 23,644,317 shares of the company’s stock worth $257,014,000 after acquiring an additional 8,644,317 shares in the last quarter. Public Sector Pension Investment Board raised its holdings in shares of ironSource by 350.0% during the 3rd quarter. Public Sector Pension Investment Board now owns 9,000,000 shares of the company’s stock worth $97,830,000 after acquiring an additional 7,000,000 shares in the last quarter. Finally, Morgan Stanley raised its holdings in shares of ironSource by 37.6% during the 3rd quarter. Morgan Stanley now owns 24,627,999 shares of the company’s stock worth $267,707,000 after acquiring an additional 6,727,564 shares in the last quarter. 19.63% of the stock is currently owned by institutional investors.

About ironSource (Get Rating)

ironSource Ltd. operates a business platform for app developers and telecom operators in Israel and internationally. The company's 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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Analyst Recommendations for ironSource (NYSE:IS)

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