Neuberger Berman Group LLC Grows Stock Holdings in ironSource Ltd. (NYSE:IS)

Neuberger Berman Group LLC lifted its position in shares of ironSource Ltd. (NYSE:ISGet Rating) by 0.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 15,008,900 shares of the company’s stock after purchasing an additional 8,900 shares during the period. Neuberger Berman Group LLC owned about 1.48% of ironSource worth $72,042,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Rockefeller Capital Management L.P. acquired a new position in ironSource in the fourth quarter valued at $77,000. Parallel Advisors LLC increased its stake in shares of ironSource by 109.6% during the first quarter. Parallel Advisors LLC now owns 11,331 shares of the company’s stock worth $57,000 after acquiring an additional 5,924 shares during the period. Carolinas Wealth Consulting LLC increased its stake in shares of ironSource by 20.0% during the fourth quarter. Carolinas Wealth Consulting LLC now owns 12,000 shares of the company’s stock worth $93,000 after acquiring an additional 2,000 shares during the period. DGS Capital Management LLC acquired a new position in shares of ironSource during the first quarter worth about $60,000. Finally, Jag Capital Management LLC increased its stake in shares of ironSource by 25.0% during the fourth quarter. Jag Capital Management LLC now owns 12,500 shares of the company’s stock worth $97,000 after acquiring an additional 2,500 shares during the period. 22.26% of the stock is owned by hedge funds and other institutional investors.

ironSource Stock Performance

Shares of IS opened at $3.79 on Friday. The company has a market capitalization of $3.84 billion, a price-to-earnings ratio of 63.18, a PEG ratio of 0.85 and a beta of 1.97. The company’s 50 day simple moving average is $3.98 and its 200 day simple moving average is $3.79. ironSource Ltd. has a 1 year low of $2.20 and a 1 year high of $13.14.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on IS. Citigroup dropped their price target on shares of ironSource from $5.00 to $4.70 and set a “buy” rating on the stock in a research note on Thursday, July 7th. Deutsche Bank Aktiengesellschaft lowered shares of ironSource from a “buy” rating to a “hold” rating and lowered their target price for the stock from $5.00 to $4.00 in a research report on Thursday, July 14th. Morgan Stanley lowered their target price on shares of ironSource from $5.00 to $4.75 and set an “overweight” rating on the stock in a research report on Monday, June 13th. Wolfe Research assumed coverage on shares of ironSource in a research report on Tuesday, August 16th. They set a “market perform” rating on the stock. Finally, KeyCorp assumed coverage on shares of ironSource in a research report on Thursday, June 30th. They set an “overweight” rating and a $3.50 target price on the stock. Five investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $7.80.

ironSource Profile

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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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Institutional Ownership by Quarter for ironSource (NYSE:IS)

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