Integral Ad Science (NASDAQ:IAS) Given New $12.50 Price Target at Morgan Stanley

Integral Ad Science (NASDAQ:IAS) had its target price lowered by Morgan Stanley from $13.50 to $12.50 in a report released on Thursday morning,Benzinga reports. The firm currently has an equal weight rating on the stock.

A number of other brokerages also recently weighed in on IAS. Scotiabank began coverage on shares of Integral Ad Science in a research note on Friday, February 28th. They issued a “sector perform” rating and a $12.00 target price for the company. 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 research note on Monday, March 3rd. Barclays restated an “equal weight” rating on shares of Integral Ad Science in a research report on Friday, February 28th. Benchmark reissued a “hold” rating on shares of Integral Ad Science in a research note on Friday, February 28th. Finally, Oppenheimer reaffirmed an “outperform” rating on shares of Integral Ad Science in a report on Friday, February 28th. Six analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $14.35.

Integral Ad Science Trading Up 1.7 %

Shares of Integral Ad Science stock opened at $6.52 on Thursday. The company has a quick ratio of 3.71, a current ratio of 3.71 and a debt-to-equity ratio of 0.07. The stock has a market capitalization of $1.07 billion, a P/E ratio of 32.60, a price-to-earnings-growth ratio of 1.06 and a beta of 1.53. Integral Ad Science has a 12-month low of $6.32 and a 12-month high of $13.62. The company has a 50-day simple moving average of $8.93 and a 200 day simple moving average of $10.12.

Integral Ad Science (NASDAQ:IAS) last released its quarterly earnings results on Friday, February 28th. The company reported $0.09 earnings per share for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.03). The business had revenue of $153.00 million for the quarter, compared to analyst estimates of $148.83 million. Integral Ad Science had a net margin of 6.39% and a return on equity of 3.47%. The company’s revenue for the quarter was up 13.9% on a year-over-year basis. During the same period in the prior year, the business earned $0.06 earnings per share. Research analysts expect that Integral Ad Science will post 0.26 earnings per share for the current fiscal year.

Insider Activity at Integral Ad Science

In other news, CEO Lisa Utzschneider sold 68,671 shares of the company’s stock in a transaction that occurred on Thursday, April 3rd. The shares were sold at an average price of $7.44, for a total value of $510,912.24. Following the completion of the transaction, the chief executive officer now owns 334,051 shares in the company, valued at $2,485,339.44. This represents a 17.05 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In the last three months, insiders sold 90,303 shares of company stock worth $706,660. 2.00% of the stock is owned by company insiders.

Institutional Investors Weigh In On Integral Ad Science

Institutional investors have recently added to or reduced their stakes in the stock. GAMMA Investing LLC raised its stake in shares of Integral Ad Science by 547.1% in the 1st quarter. GAMMA Investing LLC now owns 3,313 shares of the company’s stock valued at $270,000 after purchasing an additional 2,801 shares during the period. State of Wyoming acquired a new stake in shares of Integral Ad Science in the fourth quarter valued at approximately $51,000. Alta Fox Capital Management LLC bought a new stake in shares of Integral Ad Science in the fourth quarter worth $61,000. BNP Paribas Financial Markets acquired a new position in Integral Ad Science during the fourth quarter worth $120,000. Finally, Sherbrooke Park Advisers LLC bought a new position in Integral Ad Science in the fourth quarter valued at $132,000. 95.78% of the stock is owned by institutional investors.

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.