Cornerstone Investment Partners LLC Makes New $187,000 Investment in Integral Ad Science Holding Corp. (NASDAQ:IAS)

Cornerstone Investment Partners LLC acquired a new stake in shares of Integral Ad Science Holding Corp. (NASDAQ:IAS) during the fourth quarter, HoldingsChannel.com reports. The firm acquired 17,941 shares of the company’s stock, valued at approximately $187,000.

Several other institutional investors have also modified their holdings of IAS. Barclays PLC boosted its stake in shares of Integral Ad Science by 207.1% during the third quarter. Barclays PLC now owns 127,733 shares of the company’s stock valued at $1,380,000 after purchasing an additional 86,133 shares during the period. JPMorgan Chase & Co. boosted its position in Integral Ad Science by 47.6% in the 3rd 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 period. Repertoire Partners LP purchased a new stake in Integral Ad Science in the 3rd quarter valued at about $1,676,000. Janus Henderson Group PLC grew its stake in Integral Ad Science by 65.9% in the 3rd quarter. Janus Henderson Group PLC now owns 359,370 shares of the company’s stock worth $3,884,000 after acquiring an additional 142,741 shares in the last quarter. Finally, Franklin Resources Inc. increased its position in shares of Integral Ad Science by 12.9% during the third quarter. Franklin Resources Inc. now owns 110,449 shares of the company’s stock worth $1,191,000 after acquiring an additional 12,647 shares during the period. 95.78% of the stock is owned by institutional investors.

Integral Ad Science Stock Down 2.6 %

NASDAQ IAS opened at $10.44 on Wednesday. The company has a quick ratio of 3.71, a current ratio of 3.71 and a debt-to-equity ratio of 0.07. Integral Ad Science Holding Corp. has a 52 week low of $7.98 and a 52 week high of $13.62. The business’s fifty day simple moving average is $10.34 and its 200-day simple moving average is $10.81. The firm has a market cap of $1.70 billion, a PE ratio of 52.20, a P/E/G ratio of 1.06 and a beta of 1.46.

Integral Ad Science (NASDAQ:IAS) last issued its quarterly earnings data 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). The business had revenue of $153.00 million during the quarter, compared to analysts’ expectations of $148.83 million. Integral Ad Science had a return on equity of 3.47% and a net margin of 6.39%. The company’s revenue was up 13.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.06 earnings per share. As a group, equities analysts anticipate that Integral Ad Science Holding Corp. will post 0.26 earnings per share for the current year.

Insider Activity at Integral Ad Science

In related news, CEO Lisa Utzschneider sold 12,448 shares of the firm’s stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $10.61, for a total transaction of $132,073.28. Following the completion of the transaction, 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 legal filing with the SEC, which is available through this link. In the last quarter, insiders sold 19,109 shares of company stock worth $197,696. Insiders own 2.00% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Barclays reaffirmed an “equal weight” rating on shares of Integral Ad Science in a research note on Friday, February 28th. Morgan Stanley boosted their price target on shares of Integral Ad Science from $13.00 to $13.50 and gave the company an “equal weight” rating in a report on Monday. Scotiabank began coverage on shares of Integral Ad Science in a research note on Friday, February 28th. They set a “sector perform” rating and a $12.00 price objective on the stock. Piper Sandler reduced their price objective on shares of Integral Ad Science from $18.00 to $16.00 and set an “overweight” rating for the company in a research note on Wednesday, November 13th. Finally, Benchmark reaffirmed a “hold” rating on shares of Integral Ad Science in a research report on Friday, February 28th. Four equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, Integral Ad Science currently has a consensus rating of “Moderate Buy” and a consensus target price of $15.06.

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.