Integral Ad Science (NASDAQ:IAS) Coverage Initiated at Loop Capital

Equities researchers at Loop Capital began coverage on shares of Integral Ad Science (NASDAQ:IAS) in a research note issued on Tuesday, Marketbeat.com reports. The brokerage set a “buy” rating and a $15.00 price target on the stock. Loop Capital’s target price suggests a potential upside of 54.48% from the company’s previous close.

Several other equities analysts have also commented on the company. Bank of America initiated coverage on Integral Ad Science in a report on Thursday, January 11th. They issued a “buy” rating and a $19.00 target price on the stock. Truist Financial dropped their price objective on Integral Ad Science from $26.00 to $17.00 and set a “buy” rating on the stock in a report on Wednesday, February 28th. Raymond James lowered Integral Ad Science from a “strong-buy” rating to an “outperform” rating and dropped their price objective for the stock from $20.00 to $16.00 in a report on Wednesday, February 28th. Oppenheimer dropped their price objective on Integral Ad Science from $25.00 to $20.00 and set an “outperform” rating on the stock in a report on Wednesday, February 28th. Finally, Piper Sandler dropped their price objective on Integral Ad Science from $20.00 to $18.00 and set an “overweight” rating on the stock in a report on Wednesday, February 28th. Three equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat.com, Integral Ad Science presently has a consensus rating of “Moderate Buy” and an average price target of $17.38.

Integral Ad Science Stock Performance

NASDAQ:IAS opened at $9.71 on Tuesday. The firm has a market capitalization of $1.55 billion, a PE ratio of 242.75, a price-to-earnings-growth ratio of 1.70 and a beta of 1.60. The business’s fifty day moving average price is $10.37 and its 200 day moving average price is $12.91. The company has a debt-to-equity ratio of 0.17, a current ratio of 3.21 and a quick ratio of 3.21. Integral Ad Science has a 12 month low of $8.92 and a 12 month high of $20.88.

Integral Ad Science (NASDAQ:IAS) last posted its earnings results on Tuesday, February 27th. The company reported $0.06 EPS for the quarter, beating the consensus estimate of $0.03 by $0.03. The firm had revenue of $134.30 million for the quarter, compared to analyst estimates of $131.27 million. Integral Ad Science had a return on equity of 0.83% and a net margin of 1.53%. Integral Ad Science’s revenue for the quarter was up 14.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.07 earnings per share. On average, sell-side analysts anticipate that Integral Ad Science will post 0.16 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CFO Tania Secor sold 17,999 shares of the firm’s stock in a transaction dated Monday, April 8th. The shares were sold at an average price of $10.05, for a total value of $180,889.95. Following the completion of the sale, the chief financial officer now owns 239,174 shares in the company, valued at $2,403,698.70. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, CEO Lisa Utzschneider sold 13,113 shares of the firm’s stock in a transaction dated Tuesday, February 6th. The shares were sold at an average price of $15.79, for a total value of $207,054.27. Following the completion of the sale, the chief executive officer now owns 148,657 shares in the company, valued at $2,347,294.03. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CFO Tania Secor sold 17,999 shares of the firm’s stock in a transaction dated Monday, April 8th. The shares were sold at an average price of $10.05, for a total transaction of $180,889.95. Following the completion of the sale, the chief financial officer now owns 239,174 shares of the company’s stock, valued at approximately $2,403,698.70. The disclosure for this sale can be found here. Insiders have sold a total of 80,195 shares of company stock valued at $876,562 over the last quarter. 2.00% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Integral Ad Science

A number of hedge funds and other institutional investors have recently modified their holdings of IAS. Robeco Institutional Asset Management B.V. lifted its position in shares of Integral Ad Science by 14.3% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 42,688 shares of the company’s stock valued at $508,000 after acquiring an additional 5,339 shares during the period. Bank of New York Mellon Corp lifted its position in shares of Integral Ad Science by 28.8% during the 3rd quarter. Bank of New York Mellon Corp now owns 171,355 shares of the company’s stock valued at $2,037,000 after acquiring an additional 38,348 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Integral Ad Science by 95.6% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 13,936 shares of the company’s stock valued at $166,000 after acquiring an additional 6,812 shares during the period. Strs Ohio lifted its position in shares of Integral Ad Science by 6.5% during the 3rd quarter. Strs Ohio now owns 37,800 shares of the company’s stock valued at $449,000 after acquiring an additional 2,300 shares during the period. Finally, Fifth Third Bancorp acquired a new stake in shares of Integral Ad Science during the 3rd quarter valued at approximately $189,000. 95.78% of the stock is currently owned by institutional investors and hedge funds.

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.