Handelsbanken Fonder AB Acquires Shares of 15,500 Integral Ad Science Holding Corp. (NASDAQ:IAS)

Handelsbanken Fonder AB bought a new stake in shares of Integral Ad Science Holding Corp. (NASDAQ:IAS) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 15,500 shares of the company’s stock, valued at approximately $162,000.

A number of other hedge funds and other institutional investors have also modified their holdings of IAS. Crestwood Capital Management L.P. raised its holdings in 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 acquiring an additional 1,941 shares in the last quarter. Jennison Associates LLC increased its position in shares of Integral Ad Science by 3.3% in the 4th quarter. Jennison Associates LLC now owns 63,538 shares of the company’s stock worth $663,000 after purchasing an additional 2,046 shares during the last quarter. Point72 DIFC Ltd acquired a new stake in shares of Integral Ad Science in the 3rd quarter valued at about $41,000. Quantbot Technologies LP bought a new position in shares of Integral Ad Science during the third quarter worth about $106,000. Finally, Stoneridge Investment Partners LLC acquired a new position in Integral Ad Science in the third quarter worth about $125,000. 95.78% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on IAS. Oppenheimer restated an “outperform” rating on shares of Integral Ad Science in a research note on Friday. Morgan Stanley upped their price target on Integral Ad Science from $13.00 to $13.50 and gave the company an “equal weight” rating in a research report on Monday. Benchmark reaffirmed a “hold” rating on shares of Integral Ad Science in a report on Friday. Piper Sandler dropped their target price on shares of 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, Truist Financial raised their price target on shares of Integral Ad Science from $16.00 to $17.00 and gave the stock a “buy” rating in a research report on Monday. Four analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $15.06.

Insider Activity at Integral Ad Science

In related news, CEO Lisa Utzschneider sold 12,448 shares of the stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $10.61, for a total value of $132,073.28. Following the completion of the transaction, the chief executive officer now owns 278,650 shares in the company, valued at $2,956,476.50. This represents a 4.28 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders have sold a total of 19,109 shares of company stock worth $197,696 in the last three months. 2.00% of the stock is owned by company insiders.

Integral Ad Science Stock Up 1.9 %

Integral Ad Science stock opened at $10.72 on Tuesday. The firm has a market capitalization of $1.74 billion, a P/E ratio of 53.60, a P/E/G ratio of 1.06 and a beta of 1.46. The company has a 50-day simple moving average of $10.34 and a 200-day simple moving average of $10.82. Integral Ad Science Holding Corp. has a one year low of $7.98 and a one year high of $13.62. The company has a debt-to-equity ratio of 0.07, a quick ratio of 3.71 and a current ratio of 3.71.

Integral Ad Science (NASDAQ:IAS) last posted its earnings results on Friday, February 28th. The company reported $0.09 EPS for the quarter, missing the consensus estimate of $0.12 by ($0.03). The firm had revenue of $153.00 million during the quarter, compared to the consensus estimate of $148.83 million. Integral Ad Science had a return on equity of 3.47% and a net margin of 6.39%. Integral Ad Science’s revenue for the quarter was up 13.9% on a year-over-year basis. During the same quarter last year, the company posted $0.06 EPS. As a group, equities analysts expect 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.