Integral Ad Science (NASDAQ:IAS) Announces Earnings Results

Integral Ad Science (NASDAQ:IAS) issued its quarterly earnings results on Tuesday. The company reported $0.10 EPS for the quarter, topping the consensus estimate of $0.08 by $0.02, Briefing.com reports. Integral Ad Science had a return on equity of 3.52% and a net margin of 6.39%. The company had revenue of $133.50 million for the quarter, compared to the consensus estimate of $138.06 million. During the same period in the previous year, the business posted ($0.09) EPS. The company’s revenue for the quarter was up 11.0% on a year-over-year basis. Integral Ad Science updated its FY 2024 guidance to EPS and its Q4 2024 guidance to EPS.

Integral Ad Science Stock Performance

Shares of NASDAQ:IAS traded down $0.23 on Thursday, hitting $10.56. The company had a trading volume of 121,579 shares, compared to its average volume of 1,386,127. The stock has a 50 day moving average price of $11.12 and a 200 day moving average price of $10.46. The company has a current ratio of 3.76, a quick ratio of 3.76 and a debt-to-equity ratio of 0.10. The stock has a market cap of $1.70 billion, a price-to-earnings ratio of 53.45, a P/E/G ratio of 1.90 and a beta of 1.52. Integral Ad Science has a 1-year low of $7.98 and a 1-year high of $17.53.

Insider Activity at Integral Ad Science

In other news, CFO Tania Secor sold 6,643 shares of the stock in a transaction that occurred on Friday, September 6th. The stock was sold at an average price of $11.24, for a total transaction of $74,667.32. Following the transaction, the chief financial officer now owns 251,366 shares in the company, valued at approximately $2,825,353.84. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, CFO Tania Secor sold 6,643 shares of the firm’s stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $11.24, for a total transaction of $74,667.32. Following the transaction, the chief financial officer now directly owns 251,366 shares of the company’s stock, valued at approximately $2,825,353.84. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Lisa Utzschneider sold 10,481 shares of the business’s stock in a transaction dated Monday, October 7th. The shares were sold at an average price of $10.11, for a total transaction of $105,962.91. Following the completion of the sale, the chief executive officer now directly owns 239,709 shares of the company’s stock, valued at $2,423,457.99. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 23,006 shares of company stock worth $240,296. Insiders own 2.00% of the company’s stock.

Analysts Set New Price Targets

IAS has been the topic of several analyst reports. Benchmark reaffirmed a “hold” rating on shares of Integral Ad Science in a report on Thursday. Piper Sandler dropped 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 report on Wednesday. Truist Financial decreased their price target on Integral Ad Science from $18.00 to $16.00 and set a “buy” rating on the stock in a research report on Wednesday. Craig Hallum decreased their price objective on shares of Integral Ad Science from $18.00 to $16.00 and set a “buy” rating on the stock in a report on Wednesday. Finally, Morgan Stanley boosted their price objective on shares of Integral Ad Science from $12.00 to $13.00 and gave the stock an “equal weight” rating in a research report on Tuesday, July 23rd. Three analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $15.70.

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.