JPMorgan Chase & Co. Raises Stock Position in Integral Ad Science Holding Corp. (NASDAQ:IAS)

JPMorgan Chase & Co. grew its holdings in Integral Ad Science Holding Corp. (NASDAQ:IAS) by 47.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 717,528 shares of the company’s stock after acquiring an additional 231,271 shares during the period. JPMorgan Chase & Co. owned about 0.44% of Integral Ad Science worth $7,756,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Point72 DIFC Ltd purchased a new position in shares of Integral Ad Science in the third quarter valued at $41,000. nVerses Capital LLC bought a new position in Integral Ad Science during the third quarter valued at $45,000. Quantbot Technologies LP bought a new position in Integral Ad Science during the third quarter valued at $106,000. XTX Topco Ltd purchased a new position in shares of Integral Ad Science in the 2nd quarter worth $113,000. Finally, Edgestream Partners L.P. bought a new stake in shares of Integral Ad Science in the 2nd quarter worth about $125,000. Institutional investors own 95.78% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the company. Truist Financial dropped their target price on Integral Ad Science from $18.00 to $16.00 and set a “buy” rating for the company in a report on Wednesday, November 13th. Scotiabank began coverage on shares of Integral Ad Science in a research report on Thursday, December 5th. They set a “sector perform” rating and a $10.00 price objective on the stock. Craig Hallum lowered 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. Benchmark reiterated a “hold” rating on shares of Integral Ad Science in a report on Thursday, November 14th. Finally, Oppenheimer decreased their price objective on shares of Integral Ad Science from $20.00 to $18.00 and set an “outperform” rating for the company in a research note on Wednesday, November 13th. Four equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $14.80.

Insider Transactions at Integral Ad Science

In other Integral Ad Science news, CEO Lisa Utzschneider sold 5,940 shares of the business’s stock in a transaction on Tuesday, January 7th. The shares were sold at an average price of $9.75, for a total value of $57,915.00. Following the transaction, the chief executive officer now owns 266,926 shares in the company, valued at $2,602,528.50. The trade was a 2.18 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 2.00% of the company’s stock.

Integral Ad Science Stock Performance

NASDAQ:IAS opened at $9.80 on Wednesday. The firm has a market cap of $1.59 billion, a price-to-earnings ratio of 49.00, a price-to-earnings-growth ratio of 1.46 and a beta of 1.46. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.71 and a quick ratio of 3.71. Integral Ad Science Holding Corp. has a 1-year low of $7.98 and a 1-year high of $17.53. The firm’s fifty day moving average price is $10.80 and its 200 day moving average price is $10.80.

Integral Ad Science (NASDAQ:IAS) last announced its quarterly earnings data on Tuesday, November 12th. The company reported $0.10 EPS for the quarter, beating the consensus estimate of $0.08 by $0.02. The firm had revenue of $133.50 million during the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. During the same quarter last year, the business earned ($0.09) earnings per share. On average, sell-side analysts expect that Integral Ad Science Holding Corp. will post 0.26 EPS for the current year.

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.