SG Americas Securities LLC Reduces Holdings in Integral Ad Science Holding Corp. (NASDAQ:IAS)

SG Americas Securities LLC reduced its holdings in shares of Integral Ad Science Holding Corp. (NASDAQ:IAS) by 18.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 30,690 shares of the company’s stock after selling 7,040 shares during the period. SG Americas Securities LLC’s holdings in Integral Ad Science were worth $320,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the business. Point72 DIFC Ltd purchased a new stake in shares of Integral Ad Science in the 3rd quarter worth $41,000. nVerses Capital LLC purchased a new stake in Integral Ad Science in the third quarter worth about $45,000. Quantbot Technologies LP purchased a new position in shares of Integral Ad Science during the 3rd quarter valued at about $106,000. Stoneridge Investment Partners LLC bought a new position in shares of Integral Ad Science during the 3rd quarter valued at approximately $125,000. Finally, Public Employees Retirement System of Ohio purchased a new stake in Integral Ad Science in the 3rd quarter worth approximately $138,000. 95.78% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on IAS. Scotiabank assumed coverage on shares of Integral Ad Science in a report on Thursday, December 5th. They set a “sector perform” rating and a $10.00 price target on the stock. Piper Sandler dropped their target price on shares of Integral Ad Science from $18.00 to $16.00 and set an “overweight” rating for the company in a report on Wednesday, November 13th. Craig Hallum cut their price target on Integral Ad Science from $18.00 to $16.00 and set a “buy” rating for the company in a research note on Wednesday, November 13th. Benchmark reaffirmed a “hold” rating on shares of Integral Ad Science in a research note on Thursday, November 14th. Finally, Truist Financial cut their target price 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. Four research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $14.80.

Insider Transactions at Integral Ad Science

In related news, CEO Lisa Utzschneider sold 5,940 shares of the firm’s stock in a transaction that occurred on Tuesday, January 7th. The stock was sold at an average price of $9.75, for a total transaction of $57,915.00. Following the completion of the sale, the chief executive officer now directly owns 266,926 shares of the company’s stock, valued at approximately $2,602,528.50. This trade represents a 2.18 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 2.00% of the company’s stock.

Integral Ad Science Stock Up 0.4 %

Shares of NASDAQ:IAS opened at $10.74 on Wednesday. The company has a 50-day moving average price of $10.47 and a 200 day moving average price of $10.84. 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 company has a market cap of $1.75 billion, a price-to-earnings ratio of 53.70, a PEG ratio of 1.08 and a beta of 1.46.

Integral Ad Science (NASDAQ:IAS) last released its earnings results 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. The firm had revenue of $133.50 million for the quarter, compared to the consensus estimate of $138.06 million. Integral Ad Science had a return on equity of 3.47% and a net margin of 6.39%. The company’s revenue for the quarter was up 11.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.09) EPS. As a group, equities research analysts predict that Integral Ad Science Holding Corp. will post 0.26 earnings per share for the current year.

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.