Public Employees Retirement System of Ohio Makes New Investment in Integral Ad Science Holding Corp. (NASDAQ:IAS)

Public Employees Retirement System of Ohio bought a new stake in shares of Integral Ad Science Holding Corp. (NASDAQ:IAS) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 12,800 shares of the company’s stock, valued at approximately $138,000.

Several other hedge funds and other institutional investors also recently modified their holdings of IAS. Washington Harbour Partners LP purchased a new stake in Integral Ad Science in the third quarter worth about $1,744,000. Repertoire Partners LP purchased a new position in shares of Integral Ad Science in the 3rd quarter valued at approximately $1,676,000. Point72 DIFC Ltd purchased a new position in shares of Integral Ad Science in the 3rd quarter valued at approximately $41,000. Point72 Asset Management L.P. bought a new stake in shares of Integral Ad Science during the third quarter valued at approximately $371,000. Finally, Invenomic Capital Management LP grew its stake in Integral Ad Science by 57.4% in the third quarter. Invenomic Capital Management LP now owns 585,309 shares of the company’s stock worth $6,327,000 after purchasing an additional 213,488 shares during the period. Hedge funds and other institutional investors own 95.78% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the stock. Oppenheimer dropped their target price on shares of Integral Ad Science from $20.00 to $18.00 and set an “outperform” rating on the stock in a report on Wednesday, November 13th. Piper Sandler decreased their price objective on shares of Integral Ad Science from $18.00 to $16.00 and set an “overweight” rating for the company in a report on Wednesday, November 13th. Truist Financial lowered their price target on Integral Ad Science from $18.00 to $16.00 and set a “buy” rating on the stock in a report on Wednesday, November 13th. Benchmark reiterated a “hold” rating on shares of Integral Ad Science in a report on Thursday, November 14th. Finally, Craig Hallum cut their target price on shares of Integral Ad Science from $18.00 to $16.00 and set a “buy” rating for the company in a research report on Wednesday, November 13th. Four analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $15.18.

Insider Buying and Selling at Integral Ad Science

In related news, CFO Tania Secor sold 5,240 shares of Integral Ad Science stock in a transaction dated 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 directly owns 248,223 shares of the company’s stock, valued at approximately $2,509,534.53. The trade was a 2.07 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Lisa Utzschneider sold 10,481 shares of the company’s stock in a transaction dated Monday, October 7th. The shares were sold at an average price of $10.11, for a total transaction of $105,962.91. Following the transaction, the chief executive officer now owns 239,709 shares in the company, valued at $2,423,457.99. The trade was a 4.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 16,363 shares of company stock worth $165,629 over the last ninety days. Company insiders own 2.00% of the company’s stock.

Integral Ad Science Stock Performance

NASDAQ:IAS opened at $10.44 on Friday. The company has a market cap of $1.70 billion, a price-to-earnings ratio of 52.20, a PEG ratio of 1.49 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. The stock’s 50 day simple moving average is $11.15 and its two-hundred day simple moving average is $10.69. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.71 and a quick ratio of 3.71.

Integral Ad Science (NASDAQ:IAS) last released its quarterly earnings data on Tuesday, November 12th. The company reported $0.10 EPS 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 business had revenue of $133.50 million during the quarter, compared to analyst estimates of $138.06 million. During the same quarter last year, the business earned ($0.09) earnings per share. Integral Ad Science’s quarterly revenue was up 11.0% compared to the same quarter last year. As a group, equities analysts anticipate that Integral Ad Science Holding Corp. will post 0.26 earnings per share for the current fiscal year.

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.