Piper Sandler Issues Pessimistic Forecast for Integral Ad Science (NASDAQ:IAS) Stock Price

Integral Ad Science (NASDAQ:IAS) had its target price reduced by Piper Sandler from $18.00 to $16.00 in a research report released on Wednesday morning,Benzinga reports. They currently have an overweight rating on the stock.

A number of other equities research analysts have also recently commented on the company. Craig Hallum lowered their target price on Integral Ad Science from $18.00 to $16.00 and set a “buy” rating on the stock in a research note on Wednesday. Truist Financial dropped their target price on shares of Integral Ad Science from $18.00 to $16.00 and set a “buy” rating on the stock in a research note on Wednesday. Oppenheimer decreased their price target on shares of Integral Ad Science from $20.00 to $18.00 and set an “outperform” rating for the company in a research note on Wednesday. Raymond James upped their price objective on Integral Ad Science from $13.00 to $15.00 and gave the company an “outperform” rating in a research note on Friday, August 2nd. Finally, Barclays raised their target price 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. Three analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $15.70.

Integral Ad Science Stock Down 6.1 %

IAS opened at $10.11 on Wednesday. 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 current ratio of 3.71 and a quick ratio of 3.76. The company’s 50-day moving average is $11.09 and its 200 day moving average is $10.47. The firm has a market capitalization of $1.64 billion, a P/E ratio of 50.55, a PEG ratio of 1.46 and a beta of 1.52.

Integral Ad Science (NASDAQ:IAS) last announced its earnings results on Tuesday, November 12th. The company reported $0.10 earnings per share for the quarter, topping analysts’ consensus estimates of $0.08 by $0.02. The firm had revenue of $133.50 million for the quarter, compared to the consensus estimate of $138.06 million. Integral Ad Science had a return on equity of 3.47% and a net margin of 6.39%. The company’s revenue was up 11.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.09) EPS. Research analysts expect that Integral Ad Science will post 0.25 earnings per share for the current fiscal year.

Insider Activity at Integral Ad Science

In other Integral Ad Science news, CEO Lisa Utzschneider sold 10,481 shares of Integral Ad Science stock in a transaction that occurred on Monday, October 7th. The shares were 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 directly owns 239,709 shares in the company, valued at $2,423,457.99. The trade was a 4.19 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Tania Secor sold 5,240 shares of the stock in a transaction on Monday, October 7th. The stock was sold at an average price of $10.11, for a total transaction of $52,976.40. Following the completion of the transaction, the chief financial officer now directly owns 248,223 shares in the company, valued at $2,509,534.53. The trade was a 2.07 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 23,006 shares of company stock valued at $240,296. Corporate insiders own 2.00% of the company’s stock.

Hedge Funds Weigh In On Integral Ad Science

Large investors have recently modified their holdings of the company. Geode Capital Management LLC grew its holdings in shares of Integral Ad Science by 6.4% during the 3rd quarter. Geode Capital Management LLC now owns 1,834,659 shares of the company’s stock valued at $19,836,000 after purchasing an additional 110,149 shares during the last quarter. Barclays PLC boosted its position in Integral Ad Science by 207.1% during the third quarter. Barclays PLC now owns 127,733 shares of the company’s stock valued at $1,380,000 after buying an additional 86,133 shares during the period. Public Employees Retirement System of Ohio bought a new position in shares of Integral Ad Science during the third quarter valued at about $138,000. Washington Harbour Partners LP purchased a new position in shares of Integral Ad Science in the third quarter worth about $1,744,000. Finally, Repertoire Partners LP bought a new stake in shares of Integral Ad Science in the 3rd quarter valued at about $1,676,000. 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.