Arizona State Retirement System purchased a new stake in Integral Ad Science Holding Corp. (NASDAQ:IAS – Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 10,850 shares of the company’s stock, valued at approximately $195,000.
Other hedge funds have also added to or reduced their stakes in the company. Bailard Inc. bought a new position in Integral Ad Science in the second quarter valued at about $473,000. Strs Ohio boosted its holdings in Integral Ad Science by 206.0% during the second quarter. Strs Ohio now owns 35,500 shares of the company’s stock worth $638,000 after buying an additional 23,900 shares during the last quarter. Lisanti Capital Growth LLC bought a new position in Integral Ad Science during the first quarter worth about $2,217,000. Teacher Retirement System of Texas bought a new position in Integral Ad Science during the second quarter worth about $827,000. Finally, Industrial Alliance Investment Management Inc. bought a new position in Integral Ad Science during the first quarter worth about $3,424,000. Institutional investors own 95.78% of the company’s stock.
Analyst Upgrades and Downgrades
IAS has been the topic of a number of recent analyst reports. Truist Financial initiated coverage on Integral Ad Science in a report on Thursday, July 20th. They set a “buy” rating and a $25.00 target price on the stock. TheStreet cut Integral Ad Science from a “c” rating to a “d+” rating in a report on Wednesday, August 9th. Stifel Nicolaus raised their target price on Integral Ad Science from $20.00 to $23.00 and gave the stock a “buy” rating in a report on Friday, July 21st. Robert W. Baird assumed coverage on Integral Ad Science in a research report on Friday, August 18th. They set an “outperform” rating and a $19.00 price target on the stock. Finally, Barclays dropped their price target on Integral Ad Science from $21.00 to $15.00 and set an “equal weight” rating on the stock in a research report on Thursday, October 12th. Three research analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $18.86.
Insider Activity at Integral Ad Science
In related news, CEO Lisa Utzschneider sold 8,428 shares of Integral Ad Science stock in a transaction that occurred on Tuesday, November 7th. The stock was sold at an average price of $13.81, for a total value of $116,390.68. Following the sale, the chief executive officer now owns 125,929 shares of the company’s stock, valued at approximately $1,739,079.49. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 2.00% of the stock is owned by insiders.
Integral Ad Science Stock Down 1.6 %
Shares of Integral Ad Science stock opened at $13.54 on Friday. The business’s 50 day simple moving average is $12.36 and its 200 day simple moving average is $15.48. Integral Ad Science Holding Corp. has a 52-week low of $7.07 and a 52-week high of $20.88. The firm has a market cap of $2.14 billion, a PE ratio of 96.71 and a beta of 1.75. The company has a debt-to-equity ratio of 0.20, a quick ratio of 3.47 and a current ratio of 3.47.
About Integral Ad Science
Integral Ad Science Holding Corp. operates as a digital advertising verification company in the United States, the United Kingdom, France, Germany, Italy, Singapore, Australia, France, Japan, and India. The company provides IAS Signal, a cloud-based technology platform that offers return on ad spend needs; and deliver independent measurement and verification of digital advertising across devices, channels, and formats, including desktop, mobile, connected TV, social, display, and video.
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