Invesco Ltd. Buys 7,229 Shares of Integral Ad Science Holding Corp. (NASDAQ:IAS)

Invesco Ltd. raised its stake in Integral Ad Science Holding Corp. (NASDAQ:IAS) by 16.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 50,544 shares of the company’s stock after buying an additional 7,229 shares during the period. Invesco Ltd.’s holdings in Integral Ad Science were worth $528,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. Handelsbanken Fonder AB purchased a new position in shares of Integral Ad Science during the fourth quarter worth approximately $162,000. Cornerstone Investment Partners LLC bought a new position in shares of Integral Ad Science during the 4th quarter valued at $187,000. Arizona State Retirement System raised its position in Integral Ad Science by 12.5% in the 4th quarter. Arizona State Retirement System now owns 23,404 shares of the company’s stock worth $244,000 after purchasing an additional 2,601 shares during the period. KLP Kapitalforvaltning AS purchased a new stake in Integral Ad Science during the fourth quarter valued at about $257,000. Finally, Stoneridge Investment Partners LLC grew its stake in shares of Integral Ad Science by 139.7% during the fourth quarter. Stoneridge Investment Partners LLC now owns 27,808 shares of the company’s stock valued at $290,000 after buying an additional 16,208 shares during the last quarter. Hedge funds and other institutional investors own 95.78% of the company’s stock.

Integral Ad Science Price Performance

NASDAQ:IAS opened at $7.25 on Friday. The firm has a market cap of $1.19 billion, a price-to-earnings ratio of 36.25, a PEG ratio of 1.06 and a beta of 1.53. The firm’s fifty day moving average is $8.14 and its two-hundred day moving average is $9.85. The company has a debt-to-equity ratio of 0.07, a quick ratio of 3.71 and a current ratio of 3.71. Integral Ad Science Holding Corp. has a one year low of $6.26 and a one year high of $13.62.

Integral Ad Science (NASDAQ:IAS) last issued its quarterly earnings results on Friday, February 28th. The company reported $0.09 EPS for the quarter, missing the consensus estimate of $0.12 by ($0.03). The company had revenue of $153.00 million during the quarter, compared to analysts’ expectations of $148.83 million. Integral Ad Science had a return on equity of 3.47% and a net margin of 6.39%. Integral Ad Science’s revenue was up 13.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.06 EPS. Research analysts expect that Integral Ad Science Holding Corp. will post 0.26 EPS for the current year.

Insider Buying and Selling

In other Integral Ad Science news, CEO Lisa Utzschneider sold 68,671 shares of the business’s stock in a transaction on Thursday, April 3rd. The stock was sold at an average price of $7.44, for a total transaction of $510,912.24. Following the transaction, the chief executive officer now owns 334,051 shares of the company’s stock, valued at approximately $2,485,339.44. The trade was a 17.05 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Over the last ninety days, insiders sold 90,303 shares of company stock worth $706,660. 2.00% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the company. Morgan Stanley dropped their target price on Integral Ad Science from $13.50 to $12.50 and set an “equal weight” rating for the company in a report on Thursday, April 17th. Stifel Nicolaus cut their target price on shares of Integral Ad Science from $15.00 to $13.00 and set a “buy” rating on the stock in a report on Wednesday, April 23rd. Barclays lowered their price target on shares of Integral Ad Science from $14.00 to $7.00 and set an “equal weight” rating for the company in a report on Monday, April 21st. Robert W. Baird reissued a “neutral” rating and issued a $9.00 price target (down previously from $16.00) on shares of Integral Ad Science in a report on Friday, March 28th. Finally, Truist Financial upped their price objective on shares of Integral Ad Science from $16.00 to $17.00 and gave the company a “buy” rating in a research note on Monday, March 3rd. Six research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $13.55.

Integral Ad Science Company 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.