Raymond James Forecasts Strong Price Appreciation for Integral Ad Science (NASDAQ:IAS) Stock

Integral Ad Science (NASDAQ:IAS) had its price target lifted by analysts at Raymond James from $11.00 to $13.00 in a research report issued to clients and investors on Tuesday, MarketBeat reports. The firm currently has an “outperform” rating on the stock. Raymond James’ target price would indicate a potential upside of 60.69% from the company’s current price.

Several other research analysts have also recently weighed in on the stock. Benchmark reissued a “hold” rating on shares of Integral Ad Science in a research report on Friday, February 28th. Robert W. Baird restated a “neutral” rating and issued a $9.00 price objective (down from $16.00) on shares of Integral Ad Science in a report on Friday, March 28th. Oppenheimer reiterated an “outperform” rating on shares of Integral Ad Science in a research note on Friday, February 28th. Barclays boosted their price target on shares of Integral Ad Science from $7.00 to $9.00 and gave the stock an “equal weight” rating in a research note on Tuesday. Finally, Truist Financial upped their target price on shares of Integral Ad Science from $16.00 to $17.00 and gave the stock a “buy” rating in a research note on Monday, March 3rd. Six analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, Integral Ad Science currently has an average rating of “Moderate Buy” and a consensus price target of $13.55.

Integral Ad Science Price Performance

Integral Ad Science stock opened at $8.09 on Tuesday. The company’s fifty day moving average price is $7.74 and its 200 day moving average price is $9.69. Integral Ad Science has a 1 year low of $6.26 and a 1 year high of $13.62. The stock has a market capitalization of $1.33 billion, a P/E ratio of 40.45, a P/E/G ratio of 1.06 and a beta of 1.55. 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 (NASDAQ:IAS) last announced its earnings results on Monday, May 12th. The company reported $0.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.03 by $0.02. Integral Ad Science had a net margin of 6.39% and a return on equity of 3.47%. The company had revenue of $134.07 million for the quarter, compared to analysts’ expectations of $129.20 million. As a group, equities research analysts anticipate that Integral Ad Science will post 0.26 earnings per share for the current fiscal year.

Insider Activity

In related news, CEO Lisa Utzschneider sold 68,671 shares of the 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 completion of the sale, the chief executive officer now directly owns 334,051 shares of the company’s stock, valued at $2,485,339.44. This trade represents a 17.05% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Over the last ninety days, insiders sold 86,222 shares of company stock valued at $636,252. 2.00% of the stock is currently owned by company insiders.

Institutional Trading of Integral Ad Science

Hedge funds and other institutional investors have recently made changes to their positions in the stock. DekaBank Deutsche Girozentrale purchased a new position in shares of Integral Ad Science in the first quarter valued at $42,000. State of Wyoming purchased a new stake in Integral Ad Science during the 4th quarter worth about $51,000. Alta Fox Capital Management LLC acquired a new stake in Integral Ad Science in the 4th quarter worth about $61,000. Virtu Financial LLC acquired a new stake in Integral Ad Science in the 1st quarter worth about $87,000. Finally, AlphaQuest LLC acquired a new stake in Integral Ad Science in the 1st quarter worth about $93,000. 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.