Geode Capital Management LLC Has $19.84 Million Stake in Integral Ad Science Holding Corp. (NASDAQ:IAS)

Geode Capital Management LLC lifted its position in shares of Integral Ad Science Holding Corp. (NASDAQ:IAS) by 6.4% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,834,659 shares of the company’s stock after acquiring an additional 110,149 shares during the quarter. Geode Capital Management LLC owned approximately 1.13% of Integral Ad Science worth $19,836,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Point72 DIFC Ltd acquired a new stake in shares of Integral Ad Science during the third quarter worth $41,000. nVerses Capital LLC bought a new position in Integral Ad Science during the third quarter worth about $45,000. Quantbot Technologies LP acquired a new stake in Integral Ad Science in the third quarter worth $106,000. XTX Topco Ltd acquired a new stake in shares of Integral Ad Science during the second quarter worth about $113,000. Finally, Edgestream Partners L.P. bought a new stake in shares of Integral Ad Science during the second quarter worth $125,000. Institutional investors own 95.78% of the company’s stock.

Analyst Ratings Changes

IAS has been the subject of several recent research reports. Craig Hallum reduced their price target on Integral Ad Science from $18.00 to $16.00 and set a “buy” rating for the company in a research report on Wednesday, November 13th. Truist Financial lowered their price objective 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, November 13th. Benchmark restated a “hold” rating on shares of Integral Ad Science in a report on Thursday, November 14th. Oppenheimer lowered 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 research report on Wednesday, November 13th. Finally, Scotiabank started coverage on shares of Integral Ad Science in a report on Thursday, December 5th. They issued a “sector perform” rating and a $10.00 price objective for the company. Four research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $15.18.

Integral Ad Science Stock Performance

Shares of NASDAQ:IAS opened at $10.44 on Friday. The company’s 50 day simple moving average is $11.11 and its 200 day simple moving average is $10.74. Integral Ad Science Holding Corp. has a 1 year low of $7.98 and a 1 year 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 3.71. The stock has a market capitalization of $1.70 billion, a price-to-earnings ratio of 52.20, a price-to-earnings-growth ratio of 1.49 and a beta of 1.45.

Integral Ad Science (NASDAQ:IAS) last released its quarterly earnings data on Tuesday, November 12th. The company reported $0.10 earnings per share for the quarter, beating the consensus estimate of $0.08 by $0.02. Integral Ad Science had a return on equity of 3.47% and a net margin of 6.39%. The company had revenue of $133.50 million for the quarter, compared to the consensus estimate of $138.06 million. During the same quarter last year, the business posted ($0.09) EPS. Integral Ad Science’s revenue for the quarter was up 11.0% on a year-over-year basis. As a group, research analysts predict that Integral Ad Science Holding Corp. will post 0.26 EPS for the current fiscal year.

Insider Buying and Selling at Integral Ad Science

In related news, 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 value of $52,976.40. Following the transaction, the chief financial officer now directly owns 248,223 shares in the company, valued at $2,509,534.53. This trade represents a 2.07 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Lisa Utzschneider sold 10,481 shares of the business’s stock in a transaction dated Monday, October 7th. The stock was sold at an average price of $10.11, for a total transaction of $105,962.91. Following the sale, the chief executive officer now directly owns 239,709 shares of the company’s stock, valued at approximately $2,423,457.99. The trade was a 4.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 16,363 shares of company stock valued at $165,629. 2.00% of the stock is currently owned by company 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.