Integral Ad Science (NASDAQ:IAS) Announces Quarterly Earnings Results

Integral Ad Science (NASDAQ:IAS – Get Rating) posted its quarterly earnings data on Thursday. The company reported $0.01 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.01, Fidelity Earnings reports. Integral Ad Science had a negative return on equity of 5.60% and a negative net margin of 14.03%. During the same quarter in the prior year, the business posted ($0.25) EPS. Integral Ad Science updated its FY 2022 guidance to EPS and its Q3 2022 guidance to EPS.

Integral Ad Science Trading Down 8.4 %

NASDAQ IAS traded down $0.83 during trading hours on Friday, hitting $9.02. 1,156,182 shares of the company’s stock were exchanged, compared to its average volume of 515,809. The stock has a 50-day simple moving average of $10.36 and a 200 day simple moving average of $13.30. The firm has a market cap of $1.40 billion and a price-to-earnings ratio of -26.50. The company has a current ratio of 3.37, a quick ratio of 3.37 and a debt-to-equity ratio of 0.31. Integral Ad Science has a 1-year low of $8.52 and a 1-year high of $29.68.

Analysts Set New Price Targets

Several analysts recently commented on IAS shares. Oppenheimer dropped their price objective on Integral Ad Science from $24.00 to $19.00 in a research note on Thursday, May 12th. Jefferies Financial Group lowered their target price on Integral Ad Science from $18.00 to $15.00 in a report on Thursday. Barclays decreased their price objective on Integral Ad Science from $17.00 to $12.00 in a report on Thursday, May 12th. Finally, Morgan Stanley cut their target price on shares of Integral Ad Science from $15.00 to $13.00 and set an “overweight” rating for the company in a research note on Friday, June 24th. One research analyst has rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of $21.13.

Institutional Investors Weigh In On Integral Ad Science

Several large investors have recently made changes to their positions in the business. Ameritas Investment Partners Inc. boosted its stake in Integral Ad Science by 92.1% in the 1st quarter. Ameritas Investment Partners Inc. now owns 2,499 shares of the company’s stock worth $34,000 after purchasing an additional 1,198 shares during the period. Sei Investments Co. increased its stake in Integral Ad Science by 3.9% in the 1st quarter. Sei Investments Co. now owns 51,893 shares of the company’s stock worth $719,000 after purchasing an additional 1,954 shares during the period. California State Teachers Retirement System increased its stake in shares of Integral Ad Science by 49.9% in the first quarter. California State Teachers Retirement System now owns 13,748 shares of the company’s stock worth $190,000 after buying an additional 4,575 shares during the period. Bank of Montreal Can boosted its holdings in shares of Integral Ad Science by 3.5% during the first quarter. Bank of Montreal Can now owns 149,859 shares of the company’s stock worth $2,155,000 after purchasing an additional 5,018 shares during the period. Finally, PDT Partners LLC lifted its holdings in Integral Ad Science by 8.9% in the 1st quarter. PDT Partners LLC now owns 70,154 shares of the company’s stock worth $968,000 after buying an additional 5,755 shares during the period.

Integral Ad Science Company Profile

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Integral Ad Science Holding Corp. operates as a digital advertising verification company in the United States, the United Kingdom, Germany, Italy, Spain, Sweden, Singapore, Australia, France, Japan, Canada, India, and Brazil. The company provides IAS Signal, a cloud-based technology platform that offers actionable insights; and deliver independent measurement and verification of digital advertising across devices, channels, and formats, including desktop, mobile, connected TV, social, display, and video.