Integral Ad Science (NASDAQ:IAS) Rating Lowered to “Hold” at Baird R W

Integral Ad Science (NASDAQ:IAS) was downgraded by equities research analysts at Baird R W from a “strong-buy” rating to a “hold” rating in a research note issued to investors on Friday,Zacks.com reports.

Several other equities research analysts have also issued reports on the stock. Oppenheimer reissued an “outperform” rating on shares of Integral Ad Science in a report on Friday, February 28th. Barclays restated an “equal weight” rating on shares of Integral Ad Science in a report on Friday, February 28th. 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 reaffirmed a “mixed” rating on shares of Integral Ad Science in a research note on Monday, March 3rd. Finally, Scotiabank initiated coverage on Integral Ad Science in a report on Friday, February 28th. They issued a “sector perform” rating and a $12.00 price target for the company. Five analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $14.45.

Integral Ad Science Price Performance

NASDAQ IAS opened at $8.24 on Friday. The company has a debt-to-equity ratio of 0.07, a quick ratio of 3.71 and a current ratio of 3.71. The company has a market capitalization of $1.35 billion, a price-to-earnings ratio of 41.20, a PEG ratio of 1.06 and a beta of 1.45. The stock has a 50-day moving average of $10.01 and a 200 day moving average of $10.55. Integral Ad Science has a one year low of $7.98 and a one year high of $13.62.

Integral Ad Science (NASDAQ:IAS) last released its quarterly earnings results on Friday, February 28th. The company reported $0.09 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $153.00 million during the quarter, compared to analysts’ expectations of $148.83 million. During the same quarter last year, the business earned $0.06 earnings per share. The business’s quarterly revenue was up 13.9% on a year-over-year basis. On average, sell-side analysts forecast that Integral Ad Science will post 0.26 EPS for the current year.

Insider Activity at Integral Ad Science

In related news, CEO Lisa Utzschneider sold 12,448 shares of Integral Ad Science stock in a transaction that occurred on 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 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders sold 19,109 shares of company stock valued at $197,696 over the last 90 days. Insiders own 2.00% of the company’s stock.

Institutional Investors Weigh In On Integral Ad Science

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Barclays PLC raised its stake in Integral Ad Science by 207.1% in the 3rd quarter. Barclays PLC now owns 127,733 shares of the company’s stock worth $1,380,000 after acquiring an additional 86,133 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in shares of Integral Ad Science by 47.6% in the third quarter. JPMorgan Chase & Co. now owns 717,528 shares of the company’s stock valued at $7,756,000 after purchasing an additional 231,271 shares during the period. Repertoire Partners LP purchased a new position in shares of Integral Ad Science in the third quarter worth about $1,676,000. Janus Henderson Group PLC lifted its holdings in shares of Integral Ad Science by 65.9% during the third quarter. Janus Henderson Group PLC now owns 359,370 shares of the company’s stock worth $3,884,000 after purchasing an additional 142,741 shares during the period. Finally, Franklin Resources Inc. boosted its position in Integral Ad Science by 12.9% in the third quarter. Franklin Resources Inc. now owns 110,449 shares of the company’s stock valued at $1,191,000 after buying an additional 12,647 shares during the last quarter. 95.78% of the stock is currently owned by institutional investors and hedge funds.

Integral Ad Science Company 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.