ironSource (NYSE:IS) Price Target Lowered to $6.00 at Robert W. Baird

ironSource (NYSE:ISGet Rating) had its target price decreased by Robert W. Baird from $10.00 to $6.00 in a research note issued to investors on Friday, The Fly reports. Robert W. Baird’s price objective suggests a potential upside of 129.89% from the stock’s previous close.

Other equities analysts have also issued reports about the stock. BTIG Research lowered shares of ironSource from a “buy” rating to a “neutral” rating in a report on Friday. Needham & Company LLC decreased their target price on shares of 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 decreased their target price on shares of ironSource from $12.00 to $7.00 and set a “buy” rating on the stock in a report on Tuesday, April 19th. Deutsche Bank Aktiengesellschaft decreased their target price on shares of ironSource from $9.00 to $6.00 in a report on Friday. Finally, Zacks Investment Research lowered shares of ironSource from a “hold” rating to a “sell” rating in a report on Wednesday. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $11.25.

Shares of ironSource stock opened at $2.61 on Friday. ironSource has a twelve month low of $2.40 and a twelve month high of $13.14. The company has a 50-day simple moving average of $4.59 and a two-hundred day simple moving average of $6.87.

ironSource (NYSE:ISGet Rating) last released its earnings results on Wednesday, February 16th. The company reported $0.03 EPS for the quarter, beating the consensus estimate of $0.02 by $0.01. The firm had revenue of $158.27 million during the quarter, compared to the consensus estimate of $144.63 million. ironSource’s quarterly revenue was up 46.1% on a year-over-year basis. As a group, equities research analysts expect that ironSource will post 0.13 EPS for the current fiscal year.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Capital World Investors lifted its position in shares of ironSource by 22.7% in the 4th quarter. Capital World Investors now owns 29,015,512 shares of the company’s stock worth $224,580,000 after purchasing an additional 5,371,195 shares during the period. Morgan Stanley lifted its position in shares of ironSource by 37.6% in the 3rd quarter. Morgan Stanley now owns 24,627,999 shares of the company’s stock worth $267,707,000 after purchasing an additional 6,727,564 shares during the period. Neuberger Berman Group LLC lifted its position in shares of 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 during the period. Ensign Peak Advisors Inc acquired a new position in shares of ironSource in the 4th quarter worth approximately $106,824,000. Finally, Wellington Management Group LLP lifted its position in shares of ironSource by 51.7% in the 3rd quarter. Wellington Management Group LLP now owns 12,483,772 shares of the company’s stock worth $135,699,000 after purchasing an additional 4,254,959 shares during the period. 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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