Integral Ad Science (NASDAQ:IAS) Trading 3.3% Higher – Still a Buy?

Shares of Integral Ad Science Holding Corp. (NASDAQ:IAS) were up 3.3% on Wednesday . The company traded as high as $10.13 and last traded at $10.04. Approximately 285,681 shares were traded during mid-day trading, a decline of 67% from the average daily volume of 878,924 shares. The stock had previously closed at $9.72.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on IAS shares. Piper Sandler decreased their target price on Integral Ad Science from $18.00 to $16.00 and set an “overweight” rating on the stock in a research report on Wednesday, November 13th. Oppenheimer dropped their price target on Integral Ad Science from $20.00 to $18.00 and set an “outperform” rating for the company in a research note on Wednesday, November 13th. Scotiabank initiated coverage on Integral Ad Science in a research report on Thursday, December 5th. They set a “sector perform” rating and a $10.00 price objective on the stock. Craig Hallum cut their price target on Integral Ad Science from $18.00 to $16.00 and set a “buy” rating on the stock in a research note on Wednesday, November 13th. Finally, Benchmark reaffirmed a “hold” rating on shares of Integral Ad Science in a research note on Thursday, November 14th. Four equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $15.18.

Integral Ad Science Stock Performance

The company has a market capitalization of $1.59 billion, a price-to-earnings ratio of 48.95, a PEG ratio of 1.46 and a beta of 1.46. 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 company’s 50-day moving average price is $10.93 and its two-hundred day moving average price is $10.78.

Integral Ad Science (NASDAQ:IAS) last announced its quarterly earnings data 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 for the quarter, compared to the consensus estimate of $138.06 million. During the same period in the previous year, the business earned ($0.09) EPS. The firm’s revenue was up 11.0% compared to the same quarter last year. On average, equities research analysts anticipate that Integral Ad Science Holding Corp. will post 0.26 EPS for the current fiscal year.

Insider Transactions at Integral Ad Science

In other news, CEO Lisa Utzschneider sold 5,940 shares of the company’s stock in a transaction on Tuesday, January 7th. The shares were sold at an average price of $9.75, for a total value of $57,915.00. Following the completion of the sale, the chief executive officer now owns 266,926 shares in the company, valued at $2,602,528.50. This represents a 2.18 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 2.00% of the stock is owned by insiders.

Hedge Funds Weigh In On Integral Ad Science

Several institutional investors have recently added to or reduced their stakes in the stock. Point72 DIFC Ltd purchased a new position in shares of Integral Ad Science during the 3rd quarter valued at $41,000. nVerses Capital LLC purchased a new stake in Integral Ad Science during the third quarter valued at about $45,000. Quantbot Technologies LP bought a new position in Integral Ad Science during the third quarter worth about $106,000. XTX Topco Ltd purchased a new position in shares of Integral Ad Science in the second quarter worth about $113,000. Finally, Edgestream Partners L.P. bought a new stake in shares of Integral Ad Science in the second quarter valued at approximately $125,000. Institutional investors own 95.78% of the company’s stock.

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.