Integral Ad Science (NASDAQ:IAS) Cut to Hold at Wall Street Zen

Wall Street Zen cut shares of Integral Ad Science (NASDAQ:IAS) from a buy rating to a hold rating in a report published on Saturday.

IAS has been the topic of several other reports. Barclays upped their price target on shares of Integral Ad Science from $7.00 to $9.00 and gave the company an “equal weight” rating in a report on Tuesday, May 13th. Raymond James Financial boosted their price objective on Integral Ad Science from $11.00 to $13.00 and gave the company an “outperform” rating in a research report on Tuesday, May 13th. Stifel Nicolaus increased their price objective on Integral Ad Science from $13.00 to $14.00 and gave the stock a “buy” rating in a report on Tuesday, July 22nd. Finally, Morgan Stanley decreased their price objective 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. Seven investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $13.65.

Integral Ad Science Price Performance

IAS stock opened at $8.11 on Friday. The stock has a 50-day moving average price of $8.19 and a two-hundred day moving average price of $8.56. Integral Ad Science has a 12-month low of $6.26 and a 12-month high of $13.62. The company has a current ratio of 4.01, a quick ratio of 4.01 and a debt-to-equity ratio of 0.01. The company has a market cap of $1.34 billion, a PE ratio of 27.97, a price-to-earnings-growth ratio of 1.34 and a beta of 1.57.

Integral Ad Science (NASDAQ:IAS) last posted its quarterly earnings results on Monday, May 12th. The company reported $0.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.03 by $0.02. The firm had revenue of $134.07 million during the quarter, compared to the consensus estimate of $129.20 million. Integral Ad Science had a return on equity of 4.74% and a net margin of 8.56%. As a group, research analysts predict that Integral Ad Science will post 0.26 EPS for the current year.

Insider Buying and Selling

In related news, CEO Lisa Utzschneider sold 14,904 shares of Integral Ad Science stock in a transaction on Tuesday, July 8th. The shares were sold at an average price of $8.31, for a total value of $123,852.24. Following the transaction, the chief executive officer owned 379,316 shares in the company, valued at $3,152,115.96. This trade represents a 3.78% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. In the last quarter, insiders have sold 33,518 shares of company stock valued at $270,739. Company insiders own 2.00% of the company’s stock.

Hedge Funds Weigh In On Integral Ad Science

Several large investors have recently bought and sold shares of the stock. Raymond James Financial Inc. bought a new position in Integral Ad Science in the fourth quarter worth $807,000. KLP Kapitalforvaltning AS bought a new position in Integral Ad Science in the fourth quarter worth $257,000. Vanguard Group Inc. lifted its position in Integral Ad Science by 2.3% in the fourth quarter. Vanguard Group Inc. now owns 9,048,546 shares of the company’s stock worth $94,467,000 after purchasing an additional 205,562 shares during the period. Geode Capital Management LLC lifted its position in Integral Ad Science by 0.8% in the fourth quarter. Geode Capital Management LLC now owns 1,848,738 shares of the company’s stock worth $19,305,000 after purchasing an additional 14,079 shares during the period. Finally, Wells Fargo & Company MN lifted its position in Integral Ad Science by 9.8% in the fourth quarter. Wells Fargo & Company MN now owns 85,089 shares of the company’s stock worth $888,000 after purchasing an additional 7,587 shares during the period. 95.78% of the stock is currently owned by institutional investors and hedge funds.

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.