Truist Financial Forecasts Strong Price Appreciation for Integral Ad Science (NASDAQ:IAS) Stock

Integral Ad Science (NASDAQ:IAS) had its price objective hoisted by Truist Financial from $16.00 to $17.00 in a report released on Monday morning,Benzinga reports. The brokerage currently has a buy rating on the stock.

A number of other research analysts have also recently weighed in on IAS. Scotiabank assumed coverage on Integral Ad Science in a research report on Friday, February 28th. They issued a “sector perform” rating and a $12.00 price target for the company. Piper Sandler dropped their price target on Integral Ad Science from $18.00 to $16.00 and set an “overweight” rating for the company in a research report on Wednesday, November 13th. Craig Hallum dropped their price target on Integral Ad Science from $18.00 to $16.00 and set a “buy” rating for the company in a research report on Wednesday, November 13th. Benchmark reaffirmed 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 research note on Friday, February 28th. Four equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $15.06.

Integral Ad Science Price Performance

IAS stock opened at $10.25 on Monday. Integral Ad Science has a twelve month low of $7.98 and a twelve month high of $13.62. The company has a current ratio of 3.71, a quick ratio of 3.71 and a debt-to-equity ratio of 0.07. The business has a 50 day simple moving average of $10.34 and a 200-day simple moving average of $10.81. The company has a market capitalization of $1.67 billion, a P/E ratio of 51.25, a PEG ratio of 1.06 and a beta of 1.46.

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

Insider Transactions at Integral Ad Science

In other news, CEO Lisa Utzschneider sold 12,448 shares of the company’s stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $10.61, for a total value of $132,073.28. Following the completion of the sale, the chief executive officer now owns 278,650 shares in the company, valued at $2,956,476.50. This represents a 4.28 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Over the last quarter, insiders sold 19,109 shares of company stock valued at $197,696. 2.00% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Integral Ad Science

Hedge funds have recently modified their holdings of the stock. Point72 DIFC Ltd purchased a new stake in shares of Integral Ad Science during the third quarter valued at $41,000. State of Wyoming purchased a new stake in Integral Ad Science in the 4th quarter worth about $51,000. Alta Fox Capital Management LLC purchased a new stake in Integral Ad Science in the 4th quarter worth about $61,000. Quantbot Technologies LP purchased a new stake in Integral Ad Science in the 3rd quarter worth about $106,000. Finally, BNP Paribas Financial Markets acquired a new position in Integral Ad Science in the 4th quarter worth about $120,000. 95.78% of the stock is owned by hedge funds and other institutional investors.

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.