Integral Ad Science (NASDAQ:IAS) Shares Gap Down on Analyst Downgrade

Integral Ad Science Holding Corp. (NASDAQ:IAS) gapped down prior to trading on Wednesday after Piper Sandler lowered their price target on the stock from $18.00 to $16.00. The stock had previously closed at $12.62, but opened at $11.00. Piper Sandler currently has an overweight rating on the stock. Integral Ad Science shares last traded at $11.26, with a volume of 271,987 shares.

Other research analysts also recently issued research reports about the stock. Truist Financial lowered their price objective on shares of Integral Ad Science from $18.00 to $16.00 and set a “buy” rating on the stock in a research report on Wednesday. Morgan Stanley raised their price objective on shares of Integral Ad Science from $12.00 to $13.00 and gave the company an “equal weight” rating in a research report on Tuesday, July 23rd. Benchmark reiterated a “hold” rating on shares of Integral Ad Science in a report on Monday, August 5th. Craig Hallum reduced their price target on shares of Integral Ad Science from $18.00 to $16.00 and set a “buy” rating on the stock in a report on Wednesday. Finally, Raymond James boosted their target price on shares of Integral Ad Science from $13.00 to $15.00 and gave the stock an “outperform” rating in a report on Friday, August 2nd. Three investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, Integral Ad Science has an average rating of “Moderate Buy” and a consensus target price of $15.70.

Insider Buying and Selling at Integral Ad Science

In other news, CEO Lisa Utzschneider sold 10,481 shares of the business’s stock in a transaction dated Monday, October 7th. The shares were sold at an average price of $10.11, for a total value of $105,962.91. Following the completion of the sale, the chief executive officer now owns 239,709 shares in the company, valued at approximately $2,423,457.99. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, CEO Lisa Utzschneider sold 10,481 shares of the business’s stock in a transaction that occurred on Monday, October 7th. The shares were sold at an average price of $10.11, for a total transaction of $105,962.91. Following the completion of the transaction, the chief executive officer now owns 239,709 shares in the company, valued at $2,423,457.99. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Tania Secor sold 6,643 shares of the business’s stock in a transaction that occurred on Friday, September 6th. The stock was sold at an average price of $11.24, for a total transaction of $74,667.32. Following the transaction, the chief financial officer now owns 251,366 shares of the company’s stock, valued at approximately $2,825,353.84. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 23,006 shares of company stock valued at $240,296 in the last three months. Company insiders own 2.00% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. nVerses Capital LLC purchased a new stake in Integral Ad Science during the third quarter worth $45,000. Ameritas Investment Partners Inc. increased its position in Integral Ad Science by 40.1% during the first quarter. Ameritas Investment Partners Inc. now owns 6,724 shares of the company’s stock worth $67,000 after purchasing an additional 1,924 shares during the last quarter. Quantbot Technologies LP acquired a new stake in Integral Ad Science during the third quarter worth about $106,000. XTX Topco Ltd acquired a new stake in Integral Ad Science during the second quarter worth about $113,000. Finally, ProShare Advisors LLC purchased a new position in Integral Ad Science during the first quarter worth about $121,000. Institutional investors and hedge funds own 95.78% of the company’s stock.

Integral Ad Science Trading Down 14.5 %

The company has a debt-to-equity ratio of 0.10, a current ratio of 3.76 and a quick ratio of 3.76. The company has a market cap of $1.74 billion, a PE ratio of 55.00, a price-to-earnings-growth ratio of 1.90 and a beta of 1.52. The company’s 50 day simple moving average is $11.13 and its two-hundred day simple moving average is $10.46.

Integral Ad Science (NASDAQ:IAS) last posted its quarterly earnings data on Tuesday, November 12th. The company reported $0.10 EPS for the quarter, beating the consensus estimate of $0.08 by $0.02. Integral Ad Science had a net margin of 6.39% and a return on equity of 3.52%. The business had revenue of $133.50 million during the quarter, compared to analyst estimates of $138.06 million. During the same quarter last year, the firm posted ($0.09) earnings per share. The business’s revenue for the quarter was up 11.0% compared to the same quarter last year. As a group, sell-side analysts anticipate that Integral Ad Science Holding Corp. will post 0.23 EPS for the current fiscal year.

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.