Millennium Management LLC Raises Stock Position in Integral Ad Science Holding Corp. (NASDAQ:IAS)

Millennium Management LLC grew its holdings in Integral Ad Science Holding Corp. (NASDAQ:IAS) by 10.8% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,224,138 shares of the company’s stock after purchasing an additional 119,740 shares during the quarter. Millennium Management LLC owned 0.76% of Integral Ad Science worth $11,899,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. AQR Capital Management LLC raised its position in Integral Ad Science by 167.4% in the 2nd quarter. AQR Capital Management LLC now owns 34,685 shares of the company’s stock valued at $337,000 after purchasing an additional 21,714 shares in the last quarter. Alpha DNA Investment Management LLC acquired a new stake in Integral Ad Science in the second quarter valued at approximately $411,000. III Capital Management lifted its stake in Integral Ad Science by 9.8% in the second quarter. III Capital Management now owns 65,158 shares of the company’s stock worth $633,000 after acquiring an additional 5,831 shares during the last quarter. 272 Capital LP grew its holdings in Integral Ad Science by 27.3% during the 2nd quarter. 272 Capital LP now owns 304,254 shares of the company’s stock worth $2,957,000 after acquiring an additional 65,176 shares in the last quarter. Finally, Bank of Montreal Can increased its position in shares of Integral Ad Science by 16.9% in the 2nd quarter. Bank of Montreal Can now owns 65,403 shares of the company’s stock valued at $638,000 after purchasing an additional 9,476 shares during the last quarter. Institutional investors and hedge funds own 95.78% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on IAS. 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. Morgan Stanley upped their price objective on shares of Integral Ad Science from $12.00 to $13.00 and gave the company an “equal weight” rating in a research note on Tuesday, July 23rd. Benchmark reiterated a “hold” rating on shares of Integral Ad Science in a research report on Monday, August 5th. Finally, Barclays upped their target price on Integral Ad Science from $12.00 to $13.00 and gave the company an “equal weight” rating in a research report on Monday, August 5th. Three research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $16.40.

Integral Ad Science Stock Down 1.7 %

IAS stock opened at $10.11 on Tuesday. The stock has a market capitalization of $1.62 billion, a PE ratio of 1,018.00, a price-to-earnings-growth ratio of 1.32 and a beta of 1.54. The company has a fifty day moving average of $10.98 and a 200-day moving average of $10.14. The company has a debt-to-equity ratio of 0.10, a quick ratio of 3.76 and a current ratio of 3.76. Integral Ad Science Holding Corp. has a one year low of $7.98 and a one year high of $17.53.

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

Insiders Place Their Bets

In related news, CEO Lisa Utzschneider sold 9,351 shares of the business’s stock in a transaction dated Tuesday, August 6th. The shares were sold at an average price of $10.92, for a total transaction of $102,112.92. Following the sale, the chief executive officer now owns 230,218 shares of the company’s stock, valued at approximately $2,513,980.56. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other Integral Ad Science news, CEO Lisa Utzschneider sold 9,351 shares of the company’s stock in a transaction on Tuesday, August 6th. The stock was sold at an average price of $10.92, for a total value of $102,112.92. Following the sale, the chief executive officer now owns 230,218 shares of the company’s stock, valued at approximately $2,513,980.56. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Tania Secor sold 6,643 shares of the business’s stock in a transaction dated Friday, September 6th. The stock was sold at an average price of $11.24, for a total transaction of $74,667.32. Following the completion of the sale, the chief financial officer now owns 251,366 shares in the company, valued at $2,825,353.84. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 16,636 shares of company stock worth $183,470. Corporate insiders own 2.00% of the company’s stock.

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.