Federated Hermes Inc. Acquires New Shares in Integral Ad Science Holding Corp. (NASDAQ:IAS)

Federated Hermes Inc. acquired a new stake in shares of Integral Ad Science Holding Corp. (NASDAQ:IAS) during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 22,500 shares of the company’s stock, valued at approximately $219,000.

Several other hedge funds also recently modified their holdings of the company. Vanguard Group Inc. boosted its holdings in shares of Integral Ad Science by 7.0% during the 1st quarter. Vanguard Group Inc. now owns 8,673,229 shares of the company’s stock valued at $86,472,000 after acquiring an additional 566,982 shares in the last quarter. Clearbridge Investments LLC raised its position in Integral Ad Science by 11.8% during the 1st quarter. Clearbridge Investments LLC now owns 3,906,652 shares of the company’s stock worth $38,949,000 after purchasing an additional 412,044 shares during the last quarter. TimesSquare Capital Management LLC raised its position in Integral Ad Science by 9.9% during the 1st quarter. TimesSquare Capital Management LLC now owns 2,969,278 shares of the company’s stock worth $29,604,000 after purchasing an additional 268,310 shares during the last quarter. Goldman Sachs Group Inc. raised its position in Integral Ad Science by 605.1% during the 4th quarter. Goldman Sachs Group Inc. now owns 2,740,011 shares of the company’s stock worth $39,429,000 after purchasing an additional 2,351,414 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its position in Integral Ad Science by 10.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,377,272 shares of the company’s stock worth $34,212,000 after purchasing an additional 222,614 shares during the last quarter. Institutional investors and hedge funds own 95.78% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on IAS shares. Morgan Stanley 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 Tuesday, July 23rd. Raymond James raised their target price on Integral Ad Science from $13.00 to $15.00 and gave the stock an “outperform” rating in a research report on Friday, August 2nd. Benchmark reaffirmed a “hold” rating on shares of Integral Ad Science in a research report on Monday, August 5th. 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 nine have issued a buy rating to the company’s stock. According to MarketBeat.com, Integral Ad Science presently has an average rating of “Moderate Buy” and an average price target of $16.36.

Integral Ad Science Stock Performance

Shares of Integral Ad Science stock opened at $11.08 on Wednesday. Integral Ad Science Holding Corp. has a one year low of $7.98 and a one year high of $17.53. The firm has a market capitalization of $1.78 billion, a price-to-earnings ratio of 1,108.00, a PEG ratio of 1.29 and a beta of 1.56. The business has a 50-day simple moving average of $10.95 and a 200 day simple moving average of $10.08. The company has a debt-to-equity ratio of 0.10, a current ratio of 3.76 and a quick ratio of 3.76.

Integral Ad Science (NASDAQ:IAS) last issued its earnings results on Thursday, August 1st. The company reported $0.05 EPS for the quarter, beating analysts’ consensus estimates of $0.02 by $0.03. Integral Ad Science had a return on equity of 0.31% and a net margin of 0.57%. The business had revenue of $129.01 million during the quarter, compared to analyst estimates of $126.31 million. During the same period in the previous year, the company posted $0.05 EPS. The firm’s revenue was up 13.5% compared to the same quarter last year. On average, research analysts anticipate that Integral Ad Science Holding Corp. will post 0.29 earnings per share for the current fiscal year.

Insider Activity at Integral Ad Science

In other Integral Ad Science news, CFO Tania Secor sold 4,564 shares of Integral Ad Science stock in a transaction dated Monday, July 8th. The stock was sold at an average price of $9.68, for a total transaction of $44,179.52. Following the completion of the transaction, the chief financial officer now owns 243,101 shares in the company, valued at approximately $2,353,217.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other Integral Ad Science news, CEO Lisa Utzschneider sold 9,351 shares of Integral Ad Science stock in a transaction dated Tuesday, August 6th. The stock was sold at an average price of $10.92, for a total transaction of $102,112.92. Following the completion of the transaction, the chief executive officer now owns 230,218 shares in the company, valued at approximately $2,513,980.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Tania Secor sold 4,564 shares of Integral Ad Science stock in a transaction dated Monday, July 8th. The shares were sold at an average price of $9.68, for a total value of $44,179.52. Following the transaction, the chief financial officer now owns 243,101 shares of the company’s stock, valued at approximately $2,353,217.68. The disclosure for this sale can be found here. Insiders sold 27,636 shares of company stock valued at $289,513 in the last three months. Corporate insiders own 2.00% of the company’s stock.

Integral Ad Science 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.