CenterBook Partners LP Grows Position in Integral Ad Science Holding Corp. (NASDAQ:IAS)

CenterBook Partners LP lifted its holdings in Integral Ad Science Holding Corp. (NASDAQ:IAS) by 13.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,019,044 shares of the company’s stock after buying an additional 118,719 shares during the period. CenterBook Partners LP owned approximately 0.63% of Integral Ad Science worth $10,639,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently bought and sold shares of the business. Point72 DIFC Ltd purchased a new stake in shares of Integral Ad Science during the 3rd quarter valued at approximately $41,000. Public Employees Retirement System of Ohio acquired a new stake in shares of Integral Ad Science in the third quarter valued at $138,000. Handelsbanken Fonder AB acquired a new position in shares of Integral Ad Science during the fourth quarter worth about $162,000. Cornerstone Investment Partners LLC purchased a new stake in shares of Integral Ad Science in the 4th quarter valued at approximately $187,000. Finally, Arizona State Retirement System raised its stake in Integral Ad Science by 12.5% in the fourth quarter. Arizona State Retirement System now owns 23,404 shares of the company’s stock valued at $244,000 after buying an additional 2,601 shares in the last quarter. Hedge funds and other institutional investors own 95.78% of the company’s stock.

Integral Ad Science Stock Down 3.4 %

Shares of Integral Ad Science stock opened at $6.59 on Wednesday. The company has a market cap of $1.08 billion, a P/E ratio of 32.95, a PEG ratio of 1.06 and a beta of 1.53. The firm has a fifty day moving average of $9.54 and a two-hundred day moving average of $10.34. The company has a debt-to-equity ratio of 0.07, a quick ratio of 3.71 and a current ratio of 3.71. Integral Ad Science Holding Corp. has a one year low of $6.55 and a one year high of $13.62.

Integral Ad Science (NASDAQ:IAS) last issued its earnings results on Friday, February 28th. The company reported $0.09 EPS for the quarter, missing the consensus estimate of $0.12 by ($0.03). The company had revenue of $153.00 million for the quarter, compared to analysts’ expectations of $148.83 million. Integral Ad Science had a return on equity of 3.47% and a net margin of 6.39%. Integral Ad Science’s revenue for the quarter was up 13.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.06 earnings per share. On average, analysts forecast that Integral Ad Science Holding Corp. will post 0.26 earnings per share for the current year.

Insider Transactions at Integral Ad Science

In other news, CEO Lisa Utzschneider sold 68,671 shares of the firm’s stock in a transaction on Thursday, April 3rd. The stock was sold at an average price of $7.44, for a total transaction of $510,912.24. Following the sale, the chief executive officer now owns 334,051 shares in the company, valued at $2,485,339.44. This trade represents a 17.05 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders sold a total of 81,756 shares of company stock valued at $648,113 in the last ninety days. Corporate insiders own 2.00% of the company’s stock.

Analyst Upgrades and Downgrades

IAS has been the subject of a number of research analyst reports. Truist Financial upped their price target on Integral Ad Science from $16.00 to $17.00 and gave the company a “buy” rating in a report on Monday, March 3rd. Robert W. Baird reaffirmed a “neutral” rating and issued a $9.00 target price (down from $16.00) on shares of Integral Ad Science in a research report on Friday, March 28th. Scotiabank began coverage on shares of Integral Ad Science in a research note on Friday, February 28th. They set a “sector perform” rating and a $12.00 price target on the stock. Barclays restated an “equal weight” rating on shares of Integral Ad Science in a research note on Friday, February 28th. Finally, Benchmark reiterated a “hold” rating on shares of Integral Ad Science in a research report on Friday, February 28th. Five research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, Integral Ad Science currently has a consensus rating of “Moderate Buy” and an average target price of $14.45.

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.