Victory Capital Management Inc. Acquires 2,695 Shares of Integral Ad Science Holding Corp. (NASDAQ:IAS)

Victory Capital Management Inc. raised its holdings in shares of Integral Ad Science Holding Corp. (NASDAQ:IAS) by 8.9% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 32,880 shares of the company’s stock after purchasing an additional 2,695 shares during the period. Victory Capital Management Inc.’s holdings in Integral Ad Science were worth $343,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in IAS. JPMorgan Chase & Co. grew its holdings in shares of Integral Ad Science by 47.6% during the third quarter. JPMorgan Chase & Co. now owns 717,528 shares of the company’s stock valued at $7,756,000 after buying an additional 231,271 shares during the last quarter. Invenomic Capital Management LP grew its holdings in shares of Integral Ad Science by 57.4% during the third quarter. Invenomic Capital Management LP now owns 585,309 shares of the company’s stock valued at $6,327,000 after buying an additional 213,488 shares during the last quarter. Washington Harbour Partners LP purchased a new stake in shares of Integral Ad Science during the third quarter valued at approximately $1,744,000. Repertoire Partners LP purchased a new stake in shares of Integral Ad Science during the third quarter valued at approximately $1,676,000. Finally, Rice Hall James & Associates LLC grew its holdings in shares of Integral Ad Science by 89.2% during the fourth quarter. Rice Hall James & Associates LLC now owns 314,129 shares of the company’s stock valued at $3,280,000 after buying an additional 148,082 shares during the last quarter. Institutional investors own 95.78% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on IAS. Scotiabank began coverage on shares of Integral Ad Science in a report on Friday, February 28th. They set a “sector perform” rating and a $12.00 price target on the stock. Truist Financial increased their price target on shares of Integral Ad Science from $16.00 to $17.00 and gave the company a “buy” rating in a report on Monday, March 3rd. Morgan Stanley reiterated a “mixed” rating on shares of Integral Ad Science in a report on Monday, March 3rd. Barclays restated an “equal weight” rating on shares of Integral Ad Science in a report on Friday, February 28th. Finally, Benchmark restated a “hold” rating on shares of Integral Ad Science in a report on Friday, February 28th. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, Integral Ad Science currently has a consensus rating of “Moderate Buy” and a consensus target price of $15.06.

Insiders Place Their Bets

In other news, CEO Lisa Utzschneider sold 12,448 shares of the firm’s stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $10.61, for a total transaction of $132,073.28. Following the sale, the chief executive officer now directly owns 278,650 shares in the company, valued at $2,956,476.50. This trade represents a 4.28 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Over the last ninety days, insiders have sold 19,109 shares of company stock worth $197,696. Company insiders own 2.00% of the company’s stock.

Integral Ad Science Stock Down 1.0 %

IAS opened at $8.90 on Friday. 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 1-year low of $7.98 and a 1-year high of $13.62. The company has a market capitalization of $1.46 billion, a PE ratio of 44.50, a PEG ratio of 1.06 and a beta of 1.45. The firm’s 50 day simple moving average is $10.12 and its two-hundred day simple moving average is $10.63.

Integral Ad Science (NASDAQ:IAS) last released its quarterly earnings results on Friday, February 28th. The company reported $0.09 earnings per share for the quarter, missing the consensus estimate of $0.12 by ($0.03). Integral Ad Science had a return on equity of 3.47% and a net margin of 6.39%. The business had revenue of $153.00 million during the quarter, compared to the consensus estimate of $148.83 million. During the same quarter in the previous year, the business posted $0.06 earnings per share. The firm’s revenue was up 13.9% on a year-over-year basis. As a group, equities analysts forecast that Integral Ad Science Holding Corp. will post 0.26 EPS 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.