Integral Ad Science's (IAS) "Overweight" Rating Reiterated at Morgan Stanley

Integral Ad Science (NASDAQ:IAS – Get Free Report)‘s stock had its “overweight” rating restated by research analysts at Morgan Stanley in a research note issued to investors on Friday, Benzinga reports. They currently have a $21.50 target price on the stock. Morgan Stanley’s target price points to a potential upside of 36.77% from the stock’s current price.

A number of other brokerages have also recently weighed in on IAS. Barclays boosted their price objective on Integral Ad Science from $20.00 to $21.00 in a research note on Wednesday, July 19th. Truist Financial started coverage on Integral Ad Science in a research note on Thursday, July 20th. They set a “buy” rating and a $25.00 price objective for the company. KeyCorp started coverage on Integral Ad Science in a report on Wednesday, April 12th. They issued a “sector weight” rating on the stock. Benchmark assumed coverage on shares of Integral Ad Science in a research report on Tuesday, June 6th. They issued a “hold” rating for the company. Finally, Stifel Nicolaus raised their target price on Integral Ad Science from $20.00 to $23.00 and gave the company a “buy” rating in a report on Friday, July 21st. Three investment 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 company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $19.68.

Get Our Latest Analysis on IAS

Integral Ad Science Stock Down 16.5 %

IAS traded down $3.11 on Friday, reaching $15.72. The company’s stock had a trading volume of 2,042,423 shares, compared to its average volume of 705,657. The company has a quick ratio of 4.01, a current ratio of 4.01 and a debt-to-equity ratio of 0.26. Integral Ad Science has a fifty-two week low of $6.63 and a fifty-two week high of $20.88. The stock has a 50 day moving average of $18.76 and a two-hundred day moving average of $15.19. The company has a market capitalization of $2.44 billion, a price-to-earnings ratio of 157.10 and a beta of 1.61.

Integral Ad Science (NASDAQ:IAS – Get Free Report) last announced its quarterly earnings results on Thursday, August 3rd. The company reported $0.05 EPS for the quarter, topping the consensus estimate of $0.03 by $0.02. Integral Ad Science had a net margin of 4.08% and a return on equity of 2.17%. The firm had revenue of $113.65 million for the quarter, compared to analyst estimates of $112.41 million. During the same period last year, the business earned $0.01 EPS. Integral Ad Science’s revenue for the quarter was up 13.3% compared to the same quarter last year. As a group, analysts forecast that Integral Ad Science will post 0.13 EPS for the current fiscal year.

Insider Transactions at Integral Ad Science

In other news, major shareholder Vep Group, Llc sold 11,500,000 shares of the company’s stock in a transaction dated Friday, May 12th. The shares were sold at an average price of $15.00, for a total transaction of $172,500,000.00. Following the completion of the transaction, the insider now owns 82,880,001 shares of the company’s stock, valued at approximately $1,243,200,015. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, CEO Lisa Utzschneider sold 27,287 shares of Integral Ad Science stock in a transaction dated Monday, May 22nd. The stock was sold at an average price of $17.41, for a total value of $475,066.67. Following the transaction, the chief executive officer now directly owns 117,189 shares of the company’s stock, valued at approximately $2,040,260.49. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Vep Group, Llc sold 11,500,000 shares of the stock in a transaction that occurred on Friday, May 12th. The stock was sold at an average price of $15.00, for a total transaction of $172,500,000.00. Following the sale, the insider now directly owns 82,880,001 shares of the company’s stock, valued at approximately $1,243,200,015. The disclosure for this sale can be found here. Insiders have sold 16,756,933 shares of company stock worth $267,781,604 over the last quarter. 2.00% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Integral Ad Science

Several institutional investors have recently bought and sold shares of IAS. Los Angeles Capital Management LLC grew its stake in shares of Integral Ad Science by 11.1% in the second quarter. Los Angeles Capital Management LLC now owns 60,578 shares of the company’s stock valued at $1,089,000 after buying an additional 6,073 shares in the last quarter. Jennison Associates LLC acquired a new stake in Integral Ad Science in the second quarter valued at approximately $614,000. Bank of New York Mellon Corp raised its stake in shares of Integral Ad Science by 1.5% during 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 purchasing an additional 1,968 shares during the period. Bank of Montreal Can acquired a new position in shares of Integral Ad Science during the second quarter worth $1,300,000. Finally, Portside Wealth Group LLC purchased a new position in shares of Integral Ad Science in the second quarter valued at $1,548,000. 96.39% of the stock is currently owned by hedge funds and other institutional investors.

About Integral Ad Science

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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.