Integral Ad Science Holding Corp. (NASDAQ:IAS) Holdings Raised by Franklin Resources Inc.

Franklin Resources Inc. boosted its stake in Integral Ad Science Holding Corp. (NASDAQ:IAS) by 12.9% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 110,449 shares of the company’s stock after buying an additional 12,647 shares during the period. Franklin Resources Inc. owned 0.07% of Integral Ad Science worth $1,191,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the stock. Crestwood Capital Management L.P. lifted its holdings in shares of Integral Ad Science by 0.3% in the third quarter. Crestwood Capital Management L.P. now owns 650,738 shares of the company’s stock valued at $7,034,000 after buying an additional 1,941 shares during the period. Point72 DIFC Ltd acquired a new stake in Integral Ad Science in the 3rd quarter valued at about $41,000. nVerses Capital LLC bought a new position in shares of Integral Ad Science during the 3rd quarter valued at about $45,000. Principal Financial Group Inc. grew its stake in shares of Integral Ad Science by 9.3% in the 2nd quarter. Principal Financial Group Inc. now owns 61,108 shares of the company’s stock worth $594,000 after purchasing an additional 5,189 shares during the last quarter. Finally, The Manufacturers Life Insurance Company raised its holdings in shares of Integral Ad Science by 18.1% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 37,870 shares of the company’s stock worth $368,000 after purchasing an additional 5,806 shares in the last quarter. Institutional investors and hedge funds own 95.78% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on IAS. Scotiabank assumed coverage on shares of Integral Ad Science in a research report on Thursday, December 5th. They issued a “sector perform” rating and a $10.00 price target on the stock. Benchmark reaffirmed a “hold” rating on shares of Integral Ad Science in a research report on Thursday, November 14th. Oppenheimer reduced their target price on Integral Ad Science from $20.00 to $18.00 and set an “outperform” rating for the company in a report on Wednesday, November 13th. Piper Sandler cut their price objective on Integral Ad Science from $18.00 to $16.00 and set an “overweight” rating on the stock in a report on Wednesday, November 13th. Finally, Craig Hallum decreased their target price on shares of Integral Ad Science from $18.00 to $16.00 and set a “buy” rating for the company in a report on Wednesday, November 13th. Four equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $15.18.

Integral Ad Science Price Performance

Shares of IAS stock opened at $10.44 on Friday. The company has a market capitalization of $1.70 billion, a P/E ratio of 52.20, a P/E/G ratio of 1.49 and a beta of 1.45. The company has a current ratio of 3.71, a quick ratio of 3.71 and a debt-to-equity ratio of 0.07. Integral Ad Science Holding Corp. has a 12 month low of $7.98 and a 12 month high of $17.53. The stock has a 50 day moving average of $11.11 and a two-hundred day moving average of $10.74.

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

Insiders Place Their Bets

In other news, CEO Lisa Utzschneider sold 10,481 shares of the company’s stock in a transaction dated Monday, October 7th. The shares were sold at an average price of $10.11, for a total value of $105,962.91. Following the sale, the chief executive officer now owns 239,709 shares of the company’s stock, valued at approximately $2,423,457.99. This represents a 4.19 % decrease in their position. 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 5,240 shares of the business’s stock in a transaction dated Monday, October 7th. The shares were 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 owns 248,223 shares in the company, valued at approximately $2,509,534.53. This trade represents a 2.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 16,363 shares of company stock worth $165,629 over the last quarter. Company 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.