ironSource (IS) Scheduled to Post Earnings on Thursday

ironSource (NYSE:ISGet Rating) is scheduled to post its quarterly earnings results before the market opens on Thursday, May 12th. Analysts expect ironSource to post earnings of $0.03 per share for the quarter. ironSource has set its Q1 2022 guidance at EPS and its FY 2022 guidance at EPS.Investors interested in participating in the company’s conference call can do so using this link.

ironSource (NYSE:ISGet Rating) last posted its 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 for the quarter, compared to analysts’ expectations of $144.63 million. The business’s quarterly revenue was up 46.1% compared to the same quarter last year. On average, analysts expect ironSource to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Shares of IS stock opened at $4.15 on Thursday. ironSource has a 52-week low of $3.74 and a 52-week high of $13.14. The business’s fifty day moving average is $4.81 and its 200 day moving average is $7.15.

IS has been the topic of a number of recent analyst reports. Needham & Company LLC lowered their price objective on ironSource from $15.00 to $10.00 and set a “buy” rating on the stock in a research report on Thursday, February 17th. Deutsche Bank Aktiengesellschaft initiated coverage on ironSource in a research report on Wednesday, February 2nd. They issued a “buy” rating and a $9.00 price objective on the stock. Robert W. Baird lowered their price objective on ironSource from $14.00 to $10.00 in a research report on Thursday, February 17th. The Goldman Sachs Group lowered their price objective on ironSource from $12.00 to $7.00 and set a “buy” rating on the stock in a research report on Tuesday, April 19th. Finally, Zacks Investment Research downgraded ironSource from a “buy” rating to a “hold” rating in a research report on Thursday, February 24th. One analyst has rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $11.69.

Several large investors have recently made changes to their positions in the company. Alliancebernstein L.P. grew its stake in shares of ironSource by 3.9% during the fourth quarter. Alliancebernstein L.P. now owns 70,218 shares of the company’s stock valued at $543,000 after buying an additional 2,631 shares during the last quarter. Advisors Asset Management Inc. bought a new position in shares of ironSource during the fourth quarter valued at about $81,000. Credit Suisse AG grew its stake in shares of ironSource by 112.7% in the fourth quarter. Credit Suisse AG now owns 30,149 shares of the company’s stock worth $233,000 after purchasing an additional 15,975 shares during the last quarter. BlackRock Inc. bought a new stake in shares of ironSource in the fourth quarter worth about $127,000. Finally, Bank of America Corp DE grew its stake in shares of ironSource by 19.2% in the fourth quarter. Bank of America Corp DE now owns 171,485 shares of the company’s stock worth $1,327,000 after purchasing an additional 27,569 shares during the last quarter. 20.99% of the stock is currently owned by hedge funds and other 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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