Morgan Stanley Reiterates “Equal Weight” Rating for Integral Ad Science (NASDAQ:IAS)

Integral Ad Science (NASDAQ:IAS)‘s stock had its “equal weight” rating reiterated by equities research analysts at Morgan Stanley in a report released on Tuesday, MarketBeat Ratings reports. They presently have a $12.00 price objective on the stock, down from their previous price objective of $18.00. Morgan Stanley’s price target would indicate a potential upside of 28.07% from the stock’s current price.

Other equities research analysts have also recently issued reports about the company. Piper Sandler reduced their target price on Integral Ad Science from $20.00 to $18.00 and set an “overweight” rating on the stock in a report on Wednesday, February 28th. Raymond James lowered Integral Ad Science from a “strong-buy” rating to an “outperform” rating and dropped their price target for the stock from $20.00 to $16.00 in a research report on Wednesday, February 28th. Oppenheimer dropped their price target on Integral Ad Science from $25.00 to $20.00 and set an “outperform” rating for the company in a research report on Wednesday, February 28th. Truist Financial dropped their price target on 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. Finally, Bank of America assumed coverage on 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. Three research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $17.58.

Integral Ad Science Trading Down 1.7 %

Shares of IAS stock opened at $9.37 on Tuesday. Integral Ad Science has a 12-month low of $9.10 and a 12-month high of $20.88. The company has a current ratio of 3.21, a quick ratio of 3.21 and a debt-to-equity ratio of 0.17. The stock’s 50-day moving average price is $11.56 and its 200-day moving average price is $13.07. The stock has a market capitalization of $1.50 billion, a price-to-earnings ratio of 234.25, a price-to-earnings-growth ratio of 1.65 and a beta of 1.60.

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

Insider Activity

In other news, CFO Tania Secor sold 6,570 shares of Integral Ad Science 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 owns 230,888 shares of the company’s stock, valued at $2,241,922.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CAO Alexis Gil II sold 3,177 shares of Integral Ad Science stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $10.24, for a total transaction of $32,532.48. Following the completion of the sale, the chief accounting officer now owns 120,195 shares of the company’s stock, valued at $1,230,796.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Tania Secor sold 6,570 shares of the business’s stock in a transaction that occurred on Wednesday, March 6th. The stock was sold at an average price of $9.71, for a total transaction of $63,794.70. Following the completion of the transaction, the chief financial officer now directly owns 230,888 shares of the company’s stock, valued at approximately $2,241,922.48. The disclosure for this sale can be found here. Over the last quarter, insiders sold 80,195 shares of company stock valued at $876,562. Corporate insiders own 2.00% of the company’s stock.

Hedge Funds Weigh In On Integral Ad Science

A number of large investors have recently bought and sold shares of IAS. Wellington Management Group LLP raised its stake in Integral Ad Science by 15,557.5% in the first quarter. Wellington Management Group LLP now owns 3,152,174 shares of the company’s stock worth $43,500,000 after buying an additional 3,132,042 shares in the last quarter. Goldman Sachs Group Inc. raised its stake in Integral Ad Science by 605.1% in the fourth quarter. Goldman Sachs Group Inc. now owns 2,740,011 shares of the company’s stock worth $39,429,000 after buying an additional 2,351,414 shares in the last quarter. Vanguard Group Inc. raised its stake in Integral Ad Science by 77.2% in the third quarter. Vanguard Group Inc. now owns 4,752,765 shares of the company’s stock worth $34,409,000 after buying an additional 2,070,907 shares in the last quarter. abrdn plc bought a new position in Integral Ad Science in the fourth quarter worth approximately $25,285,000. Finally, Alliancebernstein L.P. raised its stake in Integral Ad Science by 1,825.9% in the second quarter. Alliancebernstein L.P. now owns 943,681 shares of the company’s stock worth $16,967,000 after buying an additional 894,681 shares in the last quarter. Institutional investors 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.