Peak6 LLC Takes $146,000 Position in Integral Ad Science Holding Corp. (NASDAQ:IAS)

Peak6 LLC bought a new position in shares of Integral Ad Science Holding Corp. (NASDAQ:IAS) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 14,012 shares of the company’s stock, valued at approximately $146,000.

Other hedge funds have also modified their holdings of the company. Handelsbanken Fonder AB acquired a new stake in Integral Ad Science during the 4th quarter valued at $162,000. XTX Topco Ltd purchased a new position in Integral Ad Science during the 4th quarter valued at about $172,000. Cornerstone Investment Partners LLC acquired a new position in shares of Integral Ad Science in the 4th quarter valued at about $187,000. Arizona State Retirement System lifted its position in shares of Integral Ad Science by 12.5% in the fourth quarter. Arizona State Retirement System now owns 23,404 shares of the company’s stock worth $244,000 after purchasing an additional 2,601 shares in the last quarter. Finally, KLP Kapitalforvaltning AS purchased a new position in Integral Ad Science during the fourth quarter valued at approximately $257,000. 95.78% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have recently commented on IAS. Oppenheimer restated an “outperform” rating on shares of Integral Ad Science in a report on Friday, February 28th. Benchmark reaffirmed a “hold” rating on shares of Integral Ad Science in a research note on Friday, February 28th. Truist Financial increased their price objective on Integral Ad Science from $16.00 to $17.00 and gave the stock a “buy” rating in a report on Monday, March 3rd. Morgan Stanley decreased their target price on shares of Integral Ad Science from $13.50 to $12.50 and set an “equal weight” rating for the company in a research report on Thursday, April 17th. Finally, Barclays reduced their price objective on shares of Integral Ad Science from $14.00 to $7.00 and set an “equal weight” rating for the company in a research note on Monday. Six equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $13.75.

Insiders Place Their Bets

In other news, CEO Lisa Utzschneider sold 68,671 shares of Integral Ad Science stock in a transaction that occurred 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 of the company’s stock, valued at approximately $2,485,339.44. This trade represents a 17.05 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders have sold 90,303 shares of company stock worth $706,660 in the last ninety days. Insiders own 2.00% of the company’s stock.

Integral Ad Science Stock Down 2.1 %

IAS stock opened at $6.38 on Tuesday. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.71 and a quick ratio of 3.71. The company has a 50-day moving average of $8.76 and a two-hundred day moving average of $10.07. The stock has a market capitalization of $1.05 billion, a price-to-earnings ratio of 31.90, a price-to-earnings-growth ratio of 1.06 and a beta of 1.53. Integral Ad Science Holding Corp. has a 52-week low of $6.26 and a 52-week high of $13.62.

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