Integral Ad Science (NASDAQ:IAS) Sets New 12-Month Low After Insider Selling

Integral Ad Science Holding Corp. (NASDAQ:IAS)’s share price reached a new 52-week low on Wednesday after an insider sold shares in the company. The company traded as low as $8.58 and last traded at $8.58, with a volume of 15871 shares trading hands. The stock had previously closed at $9.90.

Specifically, CAO Alexis Gil II sold 3,177 shares of the business’s stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $10.24, for a total transaction of $32,532.48. Following the transaction, the chief accounting officer now owns 120,195 shares in the company, valued at $1,230,796.80. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In other Integral Ad Science news, CAO Alexis Gil II sold 3,177 shares of the stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $10.24, for a total value of $32,532.48. Following the completion of the sale, the chief accounting officer now owns 120,195 shares of the company’s stock, valued at $1,230,796.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Tania Secor sold 8,929 shares of Integral Ad Science stock in a transaction that occurred on Friday, March 8th. The shares were sold at an average price of $9.71, for a total transaction of $86,700.59. Following the sale, the chief financial officer now owns 221,959 shares in the company, valued at approximately $2,155,221.89. The disclosure for this sale can be found here. In the last three months, insiders sold 75,126 shares of company stock valued at $749,707. Company insiders own 2.00% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the company. Barclays lowered their target price on Integral Ad Science from $16.00 to $12.00 and set an “equal weight” rating for the company in a research note on Monday, April 15th. Benchmark reiterated a “hold” rating on shares of Integral Ad Science in a research note on Tuesday. Loop Capital began coverage on shares of Integral Ad Science in a research report on Tuesday, April 30th. They set a “buy” rating and a $15.00 price target for the company. Bank of America initiated coverage on shares of Integral Ad Science in a report on Thursday, January 11th. They issued a “buy” rating and a $19.00 price target on the stock. Finally, Raymond James lowered shares of Integral Ad Science from a “strong-buy” rating to an “outperform” rating and decreased their price objective for the stock from $20.00 to $16.00 in a report on Wednesday, February 28th. Three analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $17.38.

Integral Ad Science Stock Performance

The company has a market capitalization of $1.34 billion, a price-to-earnings ratio of 206.05, a P/E/G ratio of 1.72 and a beta of 1.58. The stock has a 50 day simple moving average of $9.70 and a 200 day simple moving average of $12.84. The company has a quick ratio of 3.21, a current ratio of 3.21 and a debt-to-equity ratio of 0.17.

Integral Ad Science (NASDAQ:IAS) last issued its quarterly earnings results on Tuesday, February 27th. The company reported $0.06 EPS for the quarter, beating analysts’ consensus estimates of $0.03 by $0.03. The company had revenue of $134.30 million for the quarter, compared to analyst estimates of $131.27 million. Integral Ad Science had a return on equity of 0.83% and a net margin of 1.53%. The company’s quarterly revenue was up 14.4% compared to the same quarter last year. During the same period last year, the company earned $0.07 earnings per share. As a group, analysts anticipate that Integral Ad Science Holding Corp. will post 0.16 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Integral Ad Science

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its holdings in Integral Ad Science by 10.7% in the 4th quarter. Vanguard Group Inc. now owns 8,106,247 shares of the company’s stock valued at $116,649,000 after acquiring an additional 780,469 shares during the last quarter. Clearbridge Investments LLC lifted its stake in Integral Ad Science by 6.5% during the fourth quarter. Clearbridge Investments LLC now owns 3,494,608 shares of the company’s stock valued at $50,287,000 after buying an additional 214,693 shares in the last quarter. TimesSquare Capital Management LLC boosted its holdings in shares of Integral Ad Science by 9.9% in the first quarter. TimesSquare Capital Management LLC now owns 2,969,278 shares of the company’s stock worth $29,604,000 after buying an additional 268,310 shares during the period. Goldman Sachs Group Inc. increased its position in shares of Integral Ad Science by 605.1% in the fourth quarter. Goldman Sachs Group Inc. now owns 2,740,011 shares of the company’s stock worth $39,429,000 after acquiring an additional 2,351,414 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in shares of Integral Ad Science by 10.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,377,272 shares of the company’s stock valued at $34,212,000 after acquiring an additional 222,614 shares during the period. 95.78% of the stock is owned by institutional investors.

About Integral Ad Science

Integral Ad Science Holding Corp. operates as a digital advertising verification company in the United States, the United Kingdom, France, Ireland, Germany, Italy, Singapore, Australia, Japan, India, and the Nordics. 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.