Integral Ad Science (NASDAQ:IAS) Issues Earnings Results, Beats Estimates By $0.02 EPS

Integral Ad Science (NASDAQ:IAS) released its earnings results on Tuesday. The company reported $0.10 earnings per share for the quarter, beating analysts’ consensus estimates of $0.08 by $0.02, Briefing.com reports. The company had revenue of $133.50 million during the quarter, compared to analyst estimates of $138.06 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 11.0% on a year-over-year basis. During the same quarter in the previous year, the company posted ($0.09) EPS. Integral Ad Science updated its FY 2024 guidance to EPS and its Q4 2024 guidance to EPS.

Integral Ad Science Stock Down 0.2 %

NASDAQ:IAS opened at $10.77 on Friday. The firm has a 50-day simple moving average of $11.11 and a two-hundred day simple moving average of $10.47. The firm has a market cap of $1.75 billion, a P/E ratio of 53.83, a P/E/G ratio of 1.46 and a beta of 1.52. Integral Ad Science has a fifty-two week low of $7.98 and a fifty-two week high of $17.53. The company has a debt-to-equity ratio of 0.07, a quick ratio of 3.76 and a current ratio of 3.71.

Analyst Upgrades and Downgrades

IAS has been the subject of a number of analyst reports. Truist Financial dropped their target price on shares of Integral Ad Science from $18.00 to $16.00 and set a “buy” rating for the company in a report on Wednesday. Barclays lifted their price objective on Integral Ad Science from $12.00 to $13.00 and gave the stock an “equal weight” rating in a research report on Monday, August 5th. Morgan Stanley upped their target price on Integral Ad Science from $12.00 to $13.00 and gave the company an “equal weight” rating in a report on Tuesday, July 23rd. Oppenheimer cut their price target on shares of Integral Ad Science from $20.00 to $18.00 and set an “outperform” rating on the stock in a report on Wednesday. Finally, Piper Sandler decreased their price objective on shares of Integral Ad Science from $18.00 to $16.00 and set an “overweight” rating for the company in a report on Wednesday. Three research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $15.70.

Insider Activity

In related news, CEO Lisa Utzschneider sold 10,481 shares of the company’s stock in a transaction on Monday, October 7th. The stock was sold at an average price of $10.11, for a total transaction of $105,962.91. Following the completion of the sale, the chief executive officer now owns 239,709 shares in the company, valued at approximately $2,423,457.99. This represents a 4.19 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Tania Secor sold 5,240 shares of the business’s stock in a transaction dated Monday, October 7th. The shares were sold at an average price of $10.11, for a total value of $52,976.40. Following the sale, the chief financial officer now owns 248,223 shares of the company’s stock, valued at approximately $2,509,534.53. This represents a 2.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 23,006 shares of company stock worth $240,296 over the last 90 days. 2.00% of the stock is currently owned by insiders.

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.