Integral Ad Science (NASDAQ:IAS) Reaches New 52-Week Low – Here’s What Happened

Integral Ad Science Holding Corp. (NASDAQ:IAS) shares hit a new 52-week low during mid-day trading on Monday . The stock traded as low as $7.98 and last traded at $8.06, with a volume of 110069 shares changing hands. The stock had previously closed at $8.24.

Wall Street Analysts Forecast Growth

IAS has been the subject of several recent analyst reports. Oppenheimer restated an “outperform” rating on shares of Integral Ad Science in a research note on Friday, February 28th. Scotiabank assumed coverage on shares of Integral Ad Science in a research report on Friday, February 28th. They issued a “sector perform” rating and a $12.00 price objective for the company. Truist Financial boosted their target price on Integral Ad Science from $16.00 to $17.00 and gave the stock a “buy” rating in a research report on Monday, March 3rd. Benchmark reissued a “hold” rating on shares of Integral Ad Science in a report on Friday, February 28th. Finally, Robert W. Baird reaffirmed a “neutral” rating and set a $9.00 price objective (down previously from $16.00) on shares of Integral Ad Science in a report on Friday, March 28th. Five investment 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, Integral Ad Science currently has a consensus rating of “Moderate Buy” and an average target price of $14.45.

Integral Ad Science Trading Up 0.1 %

The firm has a market cap of $1.32 billion, a PE ratio of 40.35, a PEG ratio of 1.06 and a beta of 1.45. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.71 and a quick ratio of 3.71. The business has a 50-day moving average price of $9.93 and a two-hundred day moving average price of $10.51.

Integral Ad Science (NASDAQ:IAS) last announced its 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 business had revenue of $153.00 million for the quarter, compared to analyst estimates of $148.83 million. During the same quarter in the previous year, the firm posted $0.06 EPS. The business’s revenue was up 13.9% on a year-over-year basis. Analysts forecast that Integral Ad Science Holding Corp. will post 0.26 EPS for the current year.

Insiders Place Their Bets

In other Integral Ad Science news, CEO Lisa Utzschneider sold 12,448 shares of the firm’s stock in a transaction dated 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 of the company’s stock, 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 accessible through this link. Over the last 90 days, insiders sold 19,109 shares of company stock valued at $197,696. Corporate insiders own 2.00% of the company’s stock.

Hedge Funds Weigh In On Integral Ad Science

Institutional investors have recently modified their holdings of the company. Point72 DIFC Ltd purchased a new stake in Integral Ad Science in the 3rd quarter worth approximately $41,000. State of Wyoming acquired a new stake in shares of Integral Ad Science during the fourth quarter worth $51,000. Alta Fox Capital Management LLC purchased a new stake in shares of Integral Ad Science in the fourth quarter valued at $61,000. Quantbot Technologies LP acquired a new position in Integral Ad Science in the third quarter valued at $106,000. Finally, BNP Paribas Financial Markets purchased a new position in Integral Ad Science during the fourth quarter worth about $120,000. Institutional investors and hedge funds own 95.78% of the company’s stock.

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.