Goldman Sachs Group Inc. Raises Position in Integral Ad Science Holding Corp. (NASDAQ:IAS)

Goldman Sachs Group Inc. lifted its position in Integral Ad Science Holding Corp. (NASDAQ:IAS) by 605.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 2,740,011 shares of the company’s stock after buying an additional 2,351,414 shares during the period. Goldman Sachs Group Inc. owned about 1.72% of Integral Ad Science worth $39,429,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. P2 Capital Partners LLC bought a new stake in Integral Ad Science in the 4th quarter worth about $11,144,000. Nebula Research & Development LLC raised its holdings in shares of Integral Ad Science by 262.1% during the fourth quarter. Nebula Research & Development LLC now owns 88,069 shares of the company’s stock valued at $1,267,000 after purchasing an additional 63,748 shares during the last quarter. Ghisallo Capital Management LLC bought a new position in Integral Ad Science during the fourth quarter valued at approximately $1,204,000. Alpha DNA Investment Management LLC purchased a new stake in Integral Ad Science in the fourth quarter worth approximately $569,000. Finally, Allianz Asset Management GmbH grew its position in Integral Ad Science by 57.6% in the 4th quarter. Allianz Asset Management GmbH now owns 208,122 shares of the company’s stock worth $2,995,000 after purchasing an additional 76,034 shares during the period. Institutional investors own 95.78% of the company’s stock.

Integral Ad Science Stock Performance

NASDAQ:IAS opened at $9.77 on Friday. The stock has a 50-day moving average price of $9.50 and a 200 day moving average price of $11.99. The stock has a market capitalization of $1.57 billion, a P/E ratio of 956.96, a P/E/G ratio of 1.65 and a beta of 1.53. Integral Ad Science Holding Corp. has a 12-month low of $7.98 and a 12-month high of $20.88. The company has a current ratio of 4.32, a quick ratio of 4.32 and a debt-to-equity ratio of 0.13.

Integral Ad Science (NASDAQ:IAS) last announced its quarterly earnings data on Thursday, May 9th. The company reported ($0.01) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.01). Integral Ad Science had a net margin of 0.59% and a return on equity of 0.32%. The business had revenue of $114.50 million during the quarter, compared to analyst estimates of $112.12 million. During the same period last year, the firm posted $0.02 EPS. The company’s revenue was up 7.9% on a year-over-year basis. Equities research analysts forecast that Integral Ad Science Holding Corp. will post 0.22 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CAO Alexis Gil II sold 2,792 shares of Integral Ad Science stock in a transaction dated Tuesday, June 4th. The stock was sold at an average price of $9.09, for a total value of $25,379.28. Following the sale, the chief accounting officer now directly owns 145,550 shares of the company’s stock, valued at $1,323,049.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, CAO Alexis Gil II sold 2,792 shares of the firm’s stock in a transaction on Tuesday, June 4th. The shares were sold at an average price of $9.09, for a total value of $25,379.28. Following the completion of the transaction, the chief accounting officer now directly owns 145,550 shares of the company’s stock, valued at $1,323,049.50. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Lisa Utzschneider sold 8,044 shares of the company’s stock in a transaction on Monday, May 6th. The shares were sold at an average price of $9.97, for a total transaction of $80,198.68. Following the sale, the chief executive officer now directly owns 203,139 shares in the company, valued at approximately $2,025,295.83. The disclosure for this sale can be found here. Insiders have sold a total of 59,242 shares of company stock worth $592,058 in the last 90 days. 2.00% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

IAS has been the subject of several research analyst reports. Raymond James cut their price objective on Integral Ad Science from $16.00 to $13.00 and set an “outperform” rating for the company in a report on Friday, May 10th. Oppenheimer lowered their price objective on shares of Integral Ad Science from $25.00 to $20.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 28th. Truist Financial cut their target price on shares of Integral Ad Science from $26.00 to $17.00 and set a “buy” rating for the company in a research report on Wednesday, February 28th. Loop Capital assumed coverage on shares of Integral Ad Science in a research report on Tuesday, April 30th. They issued a “buy” rating and a $15.00 price target on the stock. Finally, Piper Sandler cut their price objective on shares of Integral Ad Science from $20.00 to $18.00 and set an “overweight” rating for the company in a research report on Wednesday, February 28th. Three research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $16.77.

Integral Ad Science Company Profile

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.