Essex Investment Management Co. LLC Sells 19,155 Shares of Integral Ad Science Holding Corp. (NASDAQ:IAS)

Essex Investment Management Co. LLC trimmed its position in shares of Integral Ad Science Holding Corp. (NASDAQ:IAS) by 12.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 129,301 shares of the company’s stock after selling 19,155 shares during the quarter. Essex Investment Management Co. LLC owned 0.08% of Integral Ad Science worth $1,350,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of IAS. Point72 DIFC Ltd bought a new stake in Integral Ad Science during the third quarter valued at approximately $41,000. Quantbot Technologies LP purchased a new position in shares of Integral Ad Science during the 3rd quarter worth $106,000. Public Employees Retirement System of Ohio bought a new stake in shares of Integral Ad Science during the 3rd quarter valued at $138,000. Handelsbanken Fonder AB purchased a new stake in shares of Integral Ad Science in the 4th quarter worth $162,000. Finally, Dynamic Technology Lab Private Ltd bought a new position in Integral Ad Science in the 3rd quarter worth $180,000. 95.78% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have commented on IAS. Oppenheimer restated an “outperform” rating on shares of Integral Ad Science in a research report on Friday, February 28th. Truist Financial increased their target price on shares of Integral Ad Science from $16.00 to $17.00 and gave the stock a “buy” rating in a report on Monday, March 3rd. Piper Sandler lowered their price target 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. Barclays reissued an “equal weight” rating on shares of Integral Ad Science in a research note on Friday, February 28th. Finally, Morgan Stanley raised their price objective on shares of Integral Ad Science from $13.00 to $13.50 and gave the company an “equal weight” rating in a research report on Monday, March 3rd. Four research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $15.06.

Insider Activity

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 of the company’s stock, valued at approximately $2,956,476.50. This trade represents a 4.28 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In the last ninety days, insiders sold 19,109 shares of company stock worth $197,696. 2.00% of the stock is currently owned by insiders.

Integral Ad Science Stock Performance

Shares of NASDAQ IAS opened at $10.26 on Monday. The firm’s fifty day moving average is $10.33 and its two-hundred day moving average is $10.79. Integral Ad Science Holding Corp. has a 52-week low of $7.98 and a 52-week high of $13.62. The company has a market cap of $1.68 billion, a P/E ratio of 51.30, a P/E/G ratio of 1.06 and a beta of 1.45. 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 analysts’ consensus estimates of $0.12 by ($0.03). The firm 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%. Integral Ad Science’s quarterly revenue was up 13.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.06 earnings per share. As a group, analysts anticipate that Integral Ad Science Holding Corp. will post 0.26 EPS for the current fiscal 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.