ironSource (NYSE:IS) Price Target Raised to $14.00 at Citigroup

ironSource (NYSE:IS) had its target price hoisted by Citigroup from $10.50 to $14.00 in a research report sent to investors on Friday morning, The Fly reports. The firm currently has a buy rating on the stock.

IS has been the topic of several other reports. The Goldman Sachs Group began coverage on ironSource in a research report on Thursday, July 22nd. They issued a buy rating and a $11.00 price objective on the stock. Needham & Company LLC began coverage on ironSource in a research report on Monday, July 26th. They issued a buy rating and a $12.00 price objective on the stock. Macquarie began coverage on ironSource in a research report on Tuesday, August 31st. They issued a neutral rating and a $11.00 price objective on the stock. Oppenheimer began coverage on ironSource in a research report on Monday, July 26th. They issued an outperform rating and a $13.00 price objective on the stock. Finally, Jefferies Financial Group began coverage on ironSource in a research report on Monday, July 26th. They issued a buy rating and a $12.00 price objective on the stock. One investment analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of Buy and a consensus target price of $11.76.

IS stock opened at $12.16 on Friday. The stock’s 50 day moving average price is $9.80. ironSource has a fifty-two week low of $7.80 and a fifty-two week high of $12.70.

ironSource (NYSE:IS) last posted its quarterly earnings results on Wednesday, August 11th. The company reported $0.02 earnings per share for the quarter. The company had revenue of $135.04 million during the quarter, compared to analysts’ expectations of $124.80 million. As a group, sell-side analysts expect that ironSource will post 0.15 earnings per share for the current fiscal year.

Hedge funds have recently modified their holdings of the business. Americana Partners LLC purchased a new stake in ironSource in the 2nd quarter worth $210,000. Arena Capital Advisors LLC CA purchased a new position in shares of ironSource during the second quarter valued at about $420,000. Twin Lakes Capital Management LLC purchased a new position in shares of ironSource during the second quarter valued at about $55,000. Waratah Capital Advisors Ltd. purchased a new position in shares of ironSource during the second quarter valued at about $2,433,000. Finally, Littlejohn & Co. LLC purchased a new position in shares of ironSource during the second quarter valued at about $105,000.

ironSource Company Profile

ironSource Ltd. operates a business platform for app developers and telecom operators. Its platforms include Sonic solution suite that supports developers to launch, monetize, and scale their apps and games by providing solutions for app discovery, user growth, content monetization, analytics, and publishing; and Aura solution suite, which allows telecom operators to enrich the device experience by creating new engagement touchpoints that deliver relevant content for their users across the entire lifecycle of the device.

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