18,450 Shares in Integral Ad Science Holding Corp. (NASDAQ:IAS) Purchased by Intech Investment Management LLC

Intech Investment Management LLC bought a new stake in Integral Ad Science Holding Corp. (NASDAQ:IAS) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 18,450 shares of the company’s stock, valued at approximately $199,000.

Several other hedge funds have also made changes to their positions in IAS. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in shares of Integral Ad Science in the 2nd quarter valued at $4,724,000. Nisa Investment Advisors LLC raised its holdings in Integral Ad Science by 449,805.3% in the 2nd quarter. Nisa Investment Advisors LLC now owns 427,410 shares of the company’s stock valued at $4,154,000 after buying an additional 427,315 shares during the period. abrdn plc lifted its position in Integral Ad Science by 12.5% in the third quarter. abrdn plc now owns 2,147,656 shares of the company’s stock valued at $23,216,000 after buying an additional 237,930 shares during the last quarter. Rice Hall James & Associates LLC purchased a new position in Integral Ad Science during the third quarter worth about $1,795,000. Finally, Essex Investment Management Co. LLC acquired a new stake in shares of Integral Ad Science during the third quarter valued at about $1,605,000. Hedge funds and other institutional investors own 95.78% of the company’s stock.

Insider Buying and Selling

In other Integral Ad Science news, CEO Lisa Utzschneider sold 10,481 shares of the stock in a transaction that occurred on Monday, October 7th. The shares were sold at an average price of $10.11, for a total value of $105,962.91. Following the transaction, the chief executive officer now directly owns 239,709 shares in the company, valued at $2,423,457.99. This represents a 4.19 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Tania Secor sold 5,240 shares of the company’s stock in a transaction on Monday, October 7th. The shares were sold at an average price of $10.11, for a total transaction of $52,976.40. Following the completion of the transaction, the chief financial officer now owns 248,223 shares of the company’s stock, valued at $2,509,534.53. This represents a 2.07 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 16,363 shares of company stock worth $165,629. Corporate insiders own 2.00% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently commented on IAS. Benchmark restated a “hold” rating on shares of Integral Ad Science in a report on Thursday, November 14th. Craig Hallum decreased their price target on Integral Ad Science from $18.00 to $16.00 and set a “buy” rating on the stock in a research note on Wednesday, November 13th. Scotiabank assumed coverage on Integral Ad Science in a research note on Thursday. They issued a “sector perform” rating and a $10.00 price objective for the company. Oppenheimer decreased their target price on Integral Ad Science from $20.00 to $18.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 13th. Finally, Piper Sandler lowered their target price on Integral Ad Science from $18.00 to $16.00 and set an “overweight” rating for the company in a report on Wednesday, November 13th. Four research 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 $15.18.

Integral Ad Science Price Performance

IAS stock opened at $10.94 on Friday. The business’s 50-day moving average is $11.11 and its two-hundred day moving average is $10.61. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.71 and a quick ratio of 3.71. The firm has a market capitalization of $1.78 billion, a P/E ratio of 54.30, a P/E/G ratio of 1.56 and a beta of 1.45. Integral Ad Science Holding Corp. has a 1 year low of $7.98 and a 1 year high of $17.53.

Integral Ad Science (NASDAQ:IAS) last issued its earnings results on Tuesday, November 12th. The company reported $0.10 earnings per share 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 3.47%. The firm had revenue of $133.50 million for the quarter, compared to analysts’ expectations of $138.06 million. During the same quarter last year, the company earned ($0.09) earnings per share. The firm’s revenue was up 11.0% compared to the same quarter last year. Analysts anticipate that Integral Ad Science Holding Corp. will post 0.26 earnings per share for the current fiscal year.

Integral Ad Science Profile

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.