abrdn plc Makes New $25.29 Million Investment in Integral Ad Science Holding Corp. (NASDAQ:IAS)

abrdn plc purchased a new position in shares of Integral Ad Science Holding Corp. (NASDAQ:IAS) in the 4th quarter, Holdings Channel reports. The firm purchased 1,757,114 shares of the company’s stock, valued at approximately $25,285,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in IAS. Advantage Alpha Capital Partners LP purchased a new stake in shares of Integral Ad Science during the 3rd quarter worth approximately $2,260,000. Qube Research & Technologies Ltd purchased a new stake in shares of Integral Ad Science during the 3rd quarter worth approximately $5,548,000. DekaBank Deutsche Girozentrale purchased a new stake in shares of Integral Ad Science during the 3rd quarter worth approximately $62,000. Jacobs Levy Equity Management Inc. raised its position in Integral Ad Science by 88.4% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 1,167,392 shares of the company’s stock valued at $13,880,000 after purchasing an additional 547,856 shares during the last quarter. Finally, Swiss National Bank raised its position in Integral Ad Science by 41.7% in the 3rd quarter. Swiss National Bank now owns 119,200 shares of the company’s stock valued at $1,417,000 after purchasing an additional 35,100 shares during the last quarter. Institutional investors and hedge funds own 95.78% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently commented on IAS. Bank of America began coverage on shares of Integral Ad Science in a research report on Thursday, January 11th. They issued a “buy” rating and a $19.00 price target for the company. BMO Capital Markets reduced their price target on shares of Integral Ad Science from $18.00 to $16.00 and set an “outperform” rating for the company in a research report on Wednesday, February 28th. Truist Financial reduced their price target on shares of Integral Ad Science from $26.00 to $17.00 and set a “buy” rating for the company in a research report on Wednesday, February 28th. Morgan Stanley reiterated an “equal weight” rating and issued a $12.00 price target (down previously from $18.00) on shares of Integral Ad Science in a research report on Tuesday, April 16th. Finally, Piper Sandler reduced their price target on shares of Integral Ad Science from $20.00 to $18.00 and set an “overweight” rating for the company in a research report on Wednesday, February 28th. Three research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $17.58.

Insider Transactions at Integral Ad Science

In other news, CFO Tania Secor sold 17,999 shares of the company’s stock in a transaction on Monday, April 8th. The shares were sold at an average price of $10.05, for a total transaction of $180,889.95. Following the transaction, the chief financial officer now directly owns 239,174 shares of the company’s stock, valued at approximately $2,403,698.70. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, CFO Tania Secor sold 17,999 shares of the 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 sale, the chief financial officer now directly owns 239,174 shares of the company’s stock, valued at approximately $2,403,698.70. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Lisa Utzschneider sold 30,407 shares of the stock in a transaction dated Monday, April 8th. The shares were sold at an average price of $10.05, for a total transaction of $305,590.35. Following the completion of the sale, the chief executive officer now directly owns 188,678 shares in the company, valued at $1,896,213.90. 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 in the last ninety days. 2.00% of the stock is currently owned by company insiders.

Integral Ad Science Stock Performance

NASDAQ:IAS opened at $9.57 on Wednesday. The company has a quick ratio of 3.21, a current ratio of 3.21 and a debt-to-equity ratio of 0.17. Integral Ad Science Holding Corp. has a fifty-two week low of $8.92 and a fifty-two week high of $20.88. The stock has a market cap of $1.53 billion, a PE ratio of 239.31, a price-to-earnings-growth ratio of 1.59 and a beta of 1.60. The firm’s fifty day simple moving average is $11.02 and its 200-day simple moving average is $13.00.

Integral Ad Science (NASDAQ:IAS) last posted its quarterly earnings results on Tuesday, February 27th. The company reported $0.06 earnings per share for the quarter, topping analysts’ consensus estimates of $0.03 by $0.03. Integral Ad Science had a net margin of 1.53% and a return on equity of 0.83%. The business had revenue of $134.30 million for the quarter, compared to analysts’ expectations of $131.27 million. During the same period in the prior year, the company posted $0.07 EPS. The business’s revenue for the quarter was up 14.4% on a year-over-year basis. Analysts expect that Integral Ad Science Holding Corp. will post 0.16 earnings per share for the current fiscal year.

Integral Ad Science 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.