Integral Ad Science (NASDAQ:IAS) Price Target Lowered to $16.00 at Piper Sandler

Integral Ad Science (NASDAQ:IAS) had its target price lowered by Piper Sandler from $18.00 to $16.00 in a research note issued on Wednesday,Benzinga reports. The firm presently has an “overweight” rating on the stock. Piper Sandler’s target price would indicate a potential upside of 48.63% from the company’s current price.

IAS has been the topic of a number of other research reports. Morgan Stanley upped their target price on Integral Ad Science from $12.00 to $13.00 and gave the company an “equal weight” rating in a report on Tuesday, July 23rd. Raymond James upped their price objective on shares of Integral Ad Science from $13.00 to $15.00 and gave the company an “outperform” rating in a research note on Friday, August 2nd. Barclays lifted their price objective on Integral Ad Science from $12.00 to $13.00 and gave the company an “equal weight” rating in a research report on Monday, August 5th. Truist Financial dropped their price target on shares of Integral Ad Science from $18.00 to $16.00 and set a “buy” rating on the stock in a research note on Wednesday. Finally, Benchmark restated a “hold” rating on shares of Integral Ad Science in a report on Monday, August 5th. Three investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, Integral Ad Science has a consensus rating of “Moderate Buy” and a consensus price target of $15.70.

Integral Ad Science Stock Performance

Integral Ad Science stock opened at $10.77 on Wednesday. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.71 and a quick ratio of 3.76. The company has a market cap of $1.75 billion, a P/E ratio of 53.83, a price-to-earnings-growth ratio of 1.46 and a beta of 1.52. Integral Ad Science has a fifty-two week low of $7.98 and a fifty-two week high of $17.53. The firm’s 50 day simple moving average is $11.11 and its 200-day simple moving average is $10.47.

Integral Ad Science (NASDAQ:IAS) last released its earnings results on Tuesday, November 12th. The company reported $0.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.08 by $0.02. Integral Ad Science had a return on equity of 3.47% and a net margin of 6.39%. The company had revenue of $133.50 million during the quarter, compared to analyst estimates of $138.06 million. During the same quarter in the prior year, the company earned ($0.09) earnings per share. The company’s revenue for the quarter was up 11.0% on a year-over-year basis. As a group, equities research analysts predict that Integral Ad Science will post 0.25 EPS for the current year.

Insider Activity at Integral Ad Science

In other news, CEO Lisa Utzschneider sold 10,481 shares of the business’s stock in a transaction on Monday, October 7th. The shares were sold at an average price of $10.11, for a total value of $105,962.91. Following the sale, the chief executive officer now owns 239,709 shares in the company, valued at approximately $2,423,457.99. The trade was a 4.19 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Tania Secor sold 6,643 shares of the firm’s stock in a transaction that occurred on Friday, September 6th. The stock was sold at an average price of $11.24, for a total transaction of $74,667.32. Following the sale, the chief financial officer now directly owns 251,366 shares of the company’s stock, valued at approximately $2,825,353.84. The trade was a 2.57 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 23,006 shares of company stock worth $240,296 in the last ninety days. 2.00% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of IAS. nVerses Capital LLC bought a new position in shares of Integral Ad Science in the third quarter worth about $45,000. Ameritas Investment Partners Inc. increased its holdings in shares of Integral Ad Science by 40.1% in the first quarter. Ameritas Investment Partners Inc. now owns 6,724 shares of the company’s stock valued at $67,000 after purchasing an additional 1,924 shares in the last quarter. Quantbot Technologies LP bought a new position in Integral Ad Science in the 3rd quarter worth approximately $106,000. XTX Topco Ltd acquired a new position in Integral Ad Science during the 2nd quarter worth $113,000. Finally, ProShare Advisors LLC bought a new position in Integral Ad Science in the 1st quarter valued at $121,000. 95.78% of the stock is owned by institutional investors and hedge funds.

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.