Integral Ad Science (NASDAQ:IAS) Earns “Neutral” Rating from Robert W. Baird

Robert W. Baird reissued their neutral rating on shares of Integral Ad Science (NASDAQ:IAS) in a report released on Friday morning, MarketBeat Ratings reports. Robert W. Baird currently has a $9.00 price objective on the stock, down from their prior price objective of $16.00.

Several other research analysts have also recently issued reports on the stock. Scotiabank initiated coverage on shares of Integral Ad Science in a report on Friday, February 28th. They issued a “sector perform” rating and a $12.00 target price for the company. Barclays restated an “equal weight” rating on shares of Integral Ad Science in a research note on Friday, February 28th. Oppenheimer reissued an “outperform” rating on shares of Integral Ad Science in a report on Friday, February 28th. Benchmark restated a “hold” rating on shares of Integral Ad Science in a research note on Friday, February 28th. Finally, Truist Financial boosted their price objective on Integral Ad Science from $16.00 to $17.00 and gave the company a “buy” rating in a research note on Monday, March 3rd. Four analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $14.45.

Integral Ad Science Stock Performance

NASDAQ:IAS opened at $8.24 on Friday. Integral Ad Science has a 12 month low of $7.98 and a 12 month high of $13.62. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.71 and a quick ratio of 3.71. The firm has a market capitalization of $1.35 billion, a PE ratio of 41.20, a price-to-earnings-growth ratio of 1.06 and a beta of 1.45. The business’s fifty day moving average price is $10.01 and its 200 day moving average price is $10.55.

Integral Ad Science (NASDAQ:IAS) last released its quarterly earnings data on Friday, February 28th. The company reported $0.09 EPS for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.03). The business had revenue of $153.00 million during the quarter, compared to analysts’ expectations of $148.83 million. Integral Ad Science had a net margin of 6.39% and a return on equity of 3.47%. The company’s revenue was up 13.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.06 EPS. On average, sell-side analysts anticipate that Integral Ad Science will post 0.26 earnings per share for the current fiscal year.

Insider Transactions at Integral Ad Science

In other news, CEO Lisa Utzschneider sold 12,448 shares of the business’s stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $10.61, for a total transaction of $132,073.28. Following the transaction, the chief executive officer now directly owns 278,650 shares in the company, valued at $2,956,476.50. The trade was a 4.28 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders sold 19,109 shares of company stock worth $197,696 over the last 90 days. 2.00% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Integral Ad Science

Institutional investors have recently added to or reduced their stakes in the business. Alyeska Investment Group L.P. purchased a new stake in shares of Integral Ad Science during the 4th quarter worth $41,543,000. Dimensional Fund Advisors LP grew its position in Integral Ad Science by 18.1% during the fourth quarter. Dimensional Fund Advisors LP now owns 3,789,996 shares of the company’s stock worth $39,567,000 after buying an additional 580,323 shares during the period. Clearline Capital LP acquired a new stake in shares of Integral Ad Science during the 4th quarter valued at approximately $3,949,000. Invenomic Capital Management LP boosted its stake in shares of Integral Ad Science by 52.9% during the 4th quarter. Invenomic Capital Management LP now owns 895,061 shares of the company’s stock worth $9,344,000 after acquiring an additional 309,752 shares in the last quarter. Finally, Ararat Capital Management LP grew its holdings in shares of Integral Ad Science by 13.4% in the 4th quarter. Ararat Capital Management LP now owns 2,281,912 shares of the company’s stock worth $23,823,000 after acquiring an additional 269,346 shares during the period. Hedge funds and other institutional investors own 95.78% of the company’s stock.

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.