Integral Ad Science (NASDAQ:IAS) Hits New 1-Year High on Analyst Upgrade

Posted by Defense World Staff on May 6th, 2023

Integral Ad Science Holding Corp. (NASDAQ:IAS – Get Rating) shares reached a new 52-week high on Friday after Craig Hallum raised their price target on the stock from $18.00 to $20.00. The stock traded as high as $17.68 and last traded at $16.76, with a volume of 175856 shares traded. The stock had previously closed at $15.91.

IAS has been the topic of a number of other research reports. TheStreet raised shares of Integral Ad Science from a “d+” rating to a “c” rating in a report on Monday, March 20th. Raymond James increased their price objective on shares of Integral Ad Science from $12.00 to $17.00 and gave the stock a “strong-buy” rating in a report on Friday, March 3rd. Barclays increased their price objective on shares of Integral Ad Science from $16.00 to $17.00 in a report on Friday. KeyCorp started coverage on shares of Integral Ad Science in a report on Wednesday, April 12th. They set a “sector weight” rating on the stock. Finally, Stifel Nicolaus increased their price objective on shares of Integral Ad Science from $15.00 to $19.00 in a report on Monday, April 24th. Two analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $16.00.

Insider Buying and Selling at Integral Ad Science

In related news, insider Tom Sharma sold 9,204 shares of the stock in a transaction that occurred on Thursday, April 27th. The shares were sold at an average price of $16.00, for a total value of $147,264.00. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In related news, COO Oleg Bershadsky sold 9,150 shares of the stock in a transaction that occurred on Monday, April 3rd. The shares were sold at an average price of $14.34, for a total value of $131,211.00. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Tom Sharma sold 9,204 shares of the stock in a transaction that occurred on Thursday, April 27th. The shares were sold at an average price of $16.00, for a total transaction of $147,264.00. The disclosure for this sale can be found here. In the last three months, insiders have sold 139,667 shares of company stock worth $1,928,288. Company insiders own 2.00% of the company’s stock.

Institutional Trading of Integral Ad Science

A number of hedge funds have recently modified their holdings of the company. JPMorgan Chase & Co. raised its holdings in Integral Ad Science by 286.0% during the 1st quarter. JPMorgan Chase & Co. now owns 119,294 shares of the company’s stock worth $1,646,000 after buying an additional 88,390 shares during the period. Bank of New York Mellon Corp raised its holdings in Integral Ad Science by 74.3% during the 1st quarter. Bank of New York Mellon Corp now owns 87,728 shares of the company’s stock worth $1,210,000 after buying an additional 37,393 shares during the period. Bank of Montreal Can raised its holdings in Integral Ad Science by 3.5% during the 1st quarter. Bank of Montreal Can now owns 149,859 shares of the company’s stock worth $2,155,000 after buying an additional 5,018 shares during the period. MetLife Investment Management LLC grew its stake in shares of Integral Ad Science by 185.3% during the 1st quarter. MetLife Investment Management LLC now owns 19,760 shares of the company’s stock worth $273,000 after acquiring an additional 12,835 shares in the last quarter. Finally, Rhumbline Advisers grew its stake in shares of Integral Ad Science by 112.4% during the 1st quarter. Rhumbline Advisers now owns 33,014 shares of the company’s stock worth $456,000 after acquiring an additional 17,470 shares in the last quarter. 96.83% of the stock is currently owned by institutional investors and hedge funds.

Integral Ad Science Stock Up 4.3 %

The company has a market capitalization of $2.56 billion, a P/E ratio of 184.46 and a beta of 1.72. The firm’s 50 day moving average price is $14.02 and its two-hundred day moving average price is $10.97. The company has a current ratio of 3.26, a quick ratio of 3.26 and a debt-to-equity ratio of 0.28.

Integral Ad Science (NASDAQ:IAS – Get Rating) last issued its quarterly earnings results on Thursday, March 2nd. The company reported $0.07 earnings per share for the quarter, topping the consensus estimate of $0.01 by $0.06. The company had revenue of $117.44 million during the quarter, compared to analysts’ expectations of $111.74 million. Integral Ad Science had a net margin of 3.76% and a return on equity of 1.95%. Equities research analysts forecast that Integral Ad Science Holding Corp. will post 0.1 EPS for the current year.

Integral Ad Science Company Profile

(Get Rating)

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.