Integral Ad Science (NASDAQ:IAS) Issues Quarterly Earnings Results, Beats Expectations By $0.02 EPS

Integral Ad Science (NASDAQ:IAS) released its earnings results on Tuesday. The company reported $0.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.08 by $0.02, Briefing.com reports. The company had revenue of $133.50 million during the quarter, compared to analyst estimates of $138.06 million. Integral Ad Science had a net margin of 0.57% and a return on equity of 0.31%. The firm’s quarterly revenue was up 11.0% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.09) EPS. Integral Ad Science updated its FY 2024 guidance to EPS and its Q4 2024 guidance to EPS.

Integral Ad Science Trading Down 0.8 %

IAS stock opened at $12.62 on Wednesday. The firm has a fifty day moving average price of $11.13 and a 200 day moving average price of $10.46. Integral Ad Science has a fifty-two week low of $7.98 and a fifty-two week high of $17.53. The company has a debt-to-equity ratio of 0.10, a quick ratio of 3.76 and a current ratio of 3.76. The firm has a market cap of $2.04 billion, a PE ratio of 1,263.26, a price-to-earnings-growth ratio of 1.91 and a beta of 1.52.

Analyst Ratings Changes

Several equities research analysts recently issued reports on IAS shares. Raymond James increased their target price on shares of Integral Ad Science from $13.00 to $15.00 and gave the stock an “outperform” rating in a report on Friday, August 2nd. Barclays increased their price objective on shares of Integral Ad Science from $12.00 to $13.00 and gave the company an “equal weight” rating in a report on Monday, August 5th. Benchmark reaffirmed a “hold” rating on shares of Integral Ad Science in a report on Monday, August 5th. Finally, Morgan Stanley increased their price objective on shares of Integral Ad Science from $12.00 to $13.00 and gave the company an “equal weight” rating in a report on Tuesday, July 23rd. Three investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, Integral Ad Science presently has an average rating of “Moderate Buy” and an average price target of $16.40.

Insider Activity at Integral Ad Science

In related news, CFO Tania Secor sold 6,643 shares of the firm’s stock in a transaction on Friday, September 6th. The shares were sold at an average price of $11.24, for a total value of $74,667.32. Following the completion of the transaction, the chief financial officer now directly owns 251,366 shares of the company’s stock, valued at approximately $2,825,353.84. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, CFO Tania Secor sold 6,643 shares of the firm’s stock in a transaction on Friday, September 6th. The stock was sold at an average price of $11.24, for a total value of $74,667.32. Following the completion of the sale, the chief financial officer now directly owns 251,366 shares in the company, valued at $2,825,353.84. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Lisa Utzschneider sold 10,481 shares of the firm’s stock in a transaction on Monday, October 7th. The stock was sold at an average price of $10.11, for a total value of $105,962.91. Following the completion of the sale, the chief executive officer now owns 239,709 shares of the company’s stock, valued at approximately $2,423,457.99. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 23,006 shares of company stock valued at $240,296. 2.00% of the stock is owned by corporate insiders.

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.