Shares of Integral Ad Science Holding Corp. (NASDAQ:IAS – Get Free Report) saw strong trading volume on Friday after the company announced better than expected quarterly earnings. 1,190,739 shares were traded during trading, an increase of 70% from the previous session’s volume of 699,746 shares.The stock last traded at $15.68 and had previously closed at $18.83.
The company reported $0.05 earnings per share for the quarter, topping the consensus estimate of $0.03 by $0.02. The company had revenue of $113.65 million during the quarter, compared to the consensus estimate of $112.41 million. Integral Ad Science had a net margin of 4.08% and a return on equity of 2.17%. The company’s revenue was up 13.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.01 EPS.
Analyst Upgrades and Downgrades
A number of brokerages have recently weighed in on IAS. Raymond James reduced their price target on shares of Integral Ad Science from $23.00 to $22.00 and set a “strong-buy” rating for the company in a research note on Friday. Truist Financial began coverage on Integral Ad Science in a research note on Thursday, July 20th. They issued a “buy” rating and a $25.00 target price on the stock. Piper Sandler raised their price objective on Integral Ad Science from $21.00 to $23.00 in a research note on Friday, July 14th. Stifel Nicolaus upped their price target on shares of Integral Ad Science from $20.00 to $23.00 and gave the company a “buy” rating in a report on Friday, July 21st. Finally, KeyCorp assumed coverage on Integral Ad Science in a report on Wednesday, April 12th. They issued a “sector weight” rating on the stock. Three research analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $18.91.
View Our Latest Stock Report on IAS
Insider Buying and Selling
In other Integral Ad Science news, insider Tom Sharma sold 9,646 shares of the business’s stock in a transaction dated Monday, May 22nd. The stock was sold at an average price of $17.41, for a total value of $167,936.86. Following the completion of the transaction, the insider now directly owns 45,393 shares of the company’s stock, valued at $790,292.13. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, insider Tom Sharma sold 9,646 shares of the business’s stock in a transaction dated Monday, May 22nd. The stock was sold at an average price of $17.41, for a total value of $167,936.86. Following the sale, the insider now directly owns 45,393 shares in the company, valued at $790,292.13. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, major shareholder Vep Group, Llc sold 5,220,000 shares of the business’s stock in a transaction dated Thursday, June 15th. The shares were sold at an average price of $18.13, for a total value of $94,638,600.00. Following the completion of the sale, the insider now owns 77,660,001 shares in the company, valued at $1,407,975,818.13. The disclosure for this sale can be found here. Insiders sold a total of 16,756,933 shares of company stock valued at $267,781,604 over the last three months. Company insiders own 2.00% of the company’s stock.
Institutional Trading of Integral Ad Science
Several institutional investors and hedge funds have recently bought and sold shares of the stock. Ameritas Investment Partners Inc. raised its holdings in Integral Ad Science by 92.1% during the first quarter. Ameritas Investment Partners Inc. now owns 2,499 shares of the company’s stock worth $34,000 after acquiring an additional 1,198 shares in the last quarter. Rhumbline Advisers raised its stake in Integral Ad Science by 2.5% in the first quarter. Rhumbline Advisers now owns 55,447 shares of the company’s stock valued at $791,000 after buying an additional 1,351 shares during the period. American International Group Inc. raised its stake in Integral Ad Science by 11.7% in the second quarter. American International Group Inc. now owns 17,874 shares of the company’s stock valued at $177,000 after buying an additional 1,875 shares during the period. Sei Investments Co. raised its stake in Integral Ad Science by 3.9% in the first quarter. Sei Investments Co. now owns 51,893 shares of the company’s stock valued at $719,000 after buying an additional 1,954 shares during the period. Finally, Bank of New York Mellon Corp raised its stake in Integral Ad Science by 1.5% in the second quarter. Bank of New York Mellon Corp now owns 133,007 shares of the company’s stock valued at $2,391,000 after buying an additional 1,968 shares during the period. Institutional investors own 96.39% of the company’s stock.
Integral Ad Science Stock Down 16.7 %
The company has a quick ratio of 4.01, a current ratio of 4.01 and a debt-to-equity ratio of 0.26. The firm has a 50 day simple moving average of $18.76 and a 200-day simple moving average of $15.19. The stock has a market cap of $2.43 billion, a P/E ratio of 155.50 and a beta of 1.61.
Integral Ad Science Company Profile
(Get Free Report)
Integral Ad Science Holding Corp. operates as a digital advertising verification company in the United States, the United Kingdom, France, Germany, Italy, Singapore, Australia, France, Japan, and India. 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.
Featured Articles
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Integral Ad Science, you’ll want to hear this.
MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and Integral Ad Science wasn’t on the list.
While Integral Ad Science currently has a “Moderate Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
If a company’s CEO, COO, and CFO were all selling shares of their stock, would you want to know?
Get This Free Report