Integral Ad Science (NASDAQ:IAS) Coverage Initiated at Loop Capital

Research analysts at Loop Capital started coverage on shares of Integral Ad Science (NASDAQ:IAS) in a report released on Tuesday, MarketBeat Ratings reports. The brokerage set a “buy” rating and a $15.00 price target on the stock. Loop Capital’s target price indicates a potential upside of 54.48% from the company’s current price.

Other equities research analysts have also issued research reports about the stock. Morgan Stanley reiterated an “equal weight” rating and set a $12.00 price objective (down previously from $18.00) on shares of Integral Ad Science in a research note on Tuesday, April 16th. Truist Financial dropped their price target on shares of Integral Ad Science from $26.00 to $17.00 and set a “buy” rating on the stock in a research note on Wednesday, February 28th. Piper Sandler dropped their price target on shares of Integral Ad Science from $20.00 to $18.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 28th. BMO Capital Markets dropped their price target on shares of Integral Ad Science from $18.00 to $16.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 28th. Finally, Bank of America assumed coverage on shares of Integral Ad Science in a research note on Thursday, January 11th. They issued a “buy” rating and a $19.00 price target on the stock. Three investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $17.38.

Integral Ad Science Price Performance

IAS opened at $9.71 on Tuesday. The firm has a market cap of $1.55 billion, a price-to-earnings ratio of 242.75, a price-to-earnings-growth ratio of 1.70 and a beta of 1.60. Integral Ad Science has a fifty-two week low of $8.92 and a fifty-two week high of $20.88. The company’s 50-day moving average price is $10.37 and its 200 day moving average price is $12.91. 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 (NASDAQ:IAS) last released its quarterly earnings data on Tuesday, February 27th. The company reported $0.06 earnings per share for the quarter, topping the consensus estimate of $0.03 by $0.03. The firm had revenue of $134.30 million for the quarter, compared to analyst estimates of $131.27 million. Integral Ad Science had a net margin of 1.53% and a return on equity of 0.83%. Integral Ad Science’s quarterly revenue was up 14.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.07 earnings per share. As a group, sell-side analysts expect that Integral Ad Science will post 0.16 earnings per share for the current year.

Insider Activity at Integral Ad Science

In related news, CFO Tania Secor sold 6,570 shares of the firm’s stock in a transaction that occurred on Wednesday, March 6th. The shares were sold at an average price of $9.71, for a total transaction of $63,794.70. Following the completion of the sale, the chief financial officer now directly owns 230,888 shares in the company, valued at $2,241,922.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In related news, CFO Tania Secor sold 6,570 shares of the firm’s stock in a transaction that occurred on Wednesday, March 6th. The shares were sold at an average price of $9.71, for a total transaction of $63,794.70. Following the completion of the sale, the chief financial officer now directly owns 230,888 shares in the company, valued at $2,241,922.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Lisa Utzschneider sold 30,407 shares of the firm’s stock in a transaction that occurred on Monday, April 8th. The stock was sold at an average price of $10.05, for a total transaction of $305,590.35. Following the sale, the chief executive officer now owns 188,678 shares of the company’s stock, valued at $1,896,213.90. The disclosure for this sale can be found here. Insiders have sold 80,195 shares of company stock worth $876,562 over the last quarter. 2.00% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Integral Ad Science

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Capstone Investment Advisors LLC acquired a new position in Integral Ad Science in the 1st quarter worth approximately $326,000. Principal Financial Group Inc. boosted its stake in Integral Ad Science by 218.8% in the 1st quarter. Principal Financial Group Inc. now owns 55,919 shares of the company’s stock worth $558,000 after purchasing an additional 38,376 shares during the period. Richelieu Gestion SA boosted its stake in Integral Ad Science by 35.0% in the 1st quarter. Richelieu Gestion SA now owns 19,501 shares of the company’s stock worth $194,000 after purchasing an additional 5,055 shares during the period. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in Integral Ad Science in the 4th quarter worth approximately $3,159,000. Finally, HBK Investments L P acquired a new position in Integral Ad Science in the 4th quarter worth approximately $4,317,000. Institutional investors and hedge funds own 95.78% of the company’s stock.

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.