Clearbridge Investments LLC Has $28.50 Million Holdings in Integral Ad Science Holding Corp. (NASDAQ:IAS)

Clearbridge Investments LLC decreased its holdings in shares of Integral Ad Science Holding Corp. (NASDAQ:IAS) by 6.4% in the 4th quarter, Holdings Channel reports. The fund owned 2,729,420 shares of the company’s stock after selling 187,007 shares during the period. Clearbridge Investments LLC’s holdings in Integral Ad Science were worth $28,495,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the stock. Barclays PLC increased its position in Integral Ad Science by 207.1% during the 3rd quarter. Barclays PLC now owns 127,733 shares of the company’s stock worth $1,380,000 after purchasing an additional 86,133 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in shares of Integral Ad Science by 47.6% during the third quarter. JPMorgan Chase & Co. now owns 717,528 shares of the company’s stock worth $7,756,000 after buying an additional 231,271 shares in the last quarter. Repertoire Partners LP bought a new position in shares of Integral Ad Science in the 3rd quarter valued at $1,676,000. Janus Henderson Group PLC boosted its holdings in shares of Integral Ad Science by 65.9% during the 3rd quarter. Janus Henderson Group PLC now owns 359,370 shares of the company’s stock valued at $3,884,000 after acquiring an additional 142,741 shares in the last quarter. Finally, Franklin Resources Inc. grew its position in Integral Ad Science by 12.9% during the 3rd quarter. Franklin Resources Inc. now owns 110,449 shares of the company’s stock worth $1,191,000 after acquiring an additional 12,647 shares during the last quarter. 95.78% of the stock is currently owned by institutional investors and hedge funds.

Integral Ad Science Stock Performance

Shares of Integral Ad Science stock opened at $8.07 on Wednesday. The company has a market cap of $1.32 billion, a P/E ratio of 40.35, a PEG ratio of 1.06 and a beta of 1.45. 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 moving average price of $9.93 and a two-hundred day moving average price of $10.51. Integral Ad Science Holding Corp. has a 1-year low of $7.85 and a 1-year high of $13.62.

Integral Ad Science (NASDAQ:IAS) last issued its 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 during the quarter, compared to the consensus estimate of $148.83 million. Integral Ad Science had a return on equity of 3.47% and a net margin of 6.39%. The company’s revenue for the quarter was up 13.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.06 earnings per share. As a group, analysts anticipate that Integral Ad Science Holding Corp. will post 0.26 EPS for the current year.

Insider Buying and Selling

In related news, CEO Lisa Utzschneider sold 5,940 shares of the company’s stock in a transaction that occurred on Tuesday, January 7th. The stock was sold at an average price of $9.75, for a total transaction of $57,915.00. Following the transaction, the chief executive officer now directly owns 266,926 shares of the company’s stock, valued at approximately $2,602,528.50. This represents a 2.18 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders have sold a total of 19,109 shares of company stock valued at $197,696 over the last ninety days. 2.00% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the company. Morgan Stanley reiterated a “mixed” rating on shares of Integral Ad Science in a research report on Monday, March 3rd. Baird R W downgraded shares of Integral Ad Science from a “strong-buy” rating to a “hold” rating in a research report on Friday, March 28th. Scotiabank assumed coverage on shares of 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. Robert W. Baird reiterated a “neutral” rating and set a $9.00 price target (down previously from $16.00) on shares of Integral Ad Science in a report on Friday, March 28th. Finally, Truist Financial increased their price objective on Integral Ad Science from $16.00 to $17.00 and gave the company a “buy” rating in a report on Monday, March 3rd. Five equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Integral Ad Science has a consensus rating of “Moderate Buy” and an average target price of $14.45.

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.