PEAK6 Investments LLC Acquires Shares of 19,714 Integral Ad Science Holding Corp. (NASDAQ:IAS)

PEAK6 Investments LLC acquired a new stake in Integral Ad Science Holding Corp. (NASDAQ:IAS) during the third quarter, Holdings Channel.com reports. The institutional investor acquired 19,714 shares of the company’s stock, valued at approximately $213,000.

A number of other hedge funds have also recently bought and sold shares of the company. TimesSquare Capital Management LLC boosted its position in shares of Integral Ad Science by 0.6% in the 3rd quarter. TimesSquare Capital Management LLC now owns 2,772,440 shares of the company’s stock worth $29,970,000 after purchasing an additional 17,166 shares during the last quarter. abrdn plc boosted its position in shares of Integral Ad Science by 12.5% in the 3rd quarter. abrdn plc now owns 2,147,656 shares of the company’s stock worth $23,216,000 after purchasing an additional 237,930 shares during the last quarter. Millennium Management LLC boosted its position in shares of Integral Ad Science by 10.8% in the 2nd quarter. Millennium Management LLC now owns 1,224,138 shares of the company’s stock worth $11,899,000 after purchasing an additional 119,740 shares during the last quarter. Crestwood Capital Management L.P. boosted its position in shares of Integral Ad Science by 0.3% in the 3rd quarter. Crestwood Capital Management L.P. now owns 650,738 shares of the company’s stock worth $7,034,000 after purchasing an additional 1,941 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its position in shares of Integral Ad Science by 7.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 595,907 shares of the company’s stock worth $6,442,000 after purchasing an additional 41,528 shares during the last quarter. 95.78% of the stock is currently owned by institutional investors.

Insider Activity at Integral Ad Science

In related news, CEO Lisa Utzschneider sold 10,481 shares of Integral Ad Science stock in a transaction dated Monday, October 7th. The stock was sold at an average price of $10.11, for a total transaction of $105,962.91. Following the completion of the transaction, the chief executive officer now owns 239,709 shares in the company, valued at approximately $2,423,457.99. This trade represents a 4.19 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Tania Secor sold 5,240 shares of Integral Ad Science stock in a transaction dated Monday, October 7th. The stock was sold at an average price of $10.11, for a total value of $52,976.40. Following the transaction, the chief financial officer now owns 248,223 shares of the company’s stock, valued at $2,509,534.53. The trade was a 2.07 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 23,006 shares of company stock valued at $240,296. 2.00% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

IAS has been the topic of several research analyst reports. Benchmark reaffirmed a “hold” rating on shares of Integral Ad Science in a research note on Thursday, November 14th. Piper Sandler dropped their price objective on Integral Ad Science from $18.00 to $16.00 and set an “overweight” rating on the stock in a research note on Wednesday, November 13th. Truist Financial dropped their price objective on Integral Ad Science from $18.00 to $16.00 and set a “buy” rating on the stock in a research note on Wednesday, November 13th. Craig Hallum dropped their price objective on Integral Ad Science from $18.00 to $16.00 and set a “buy” rating on the stock in a research note on Wednesday, November 13th. Finally, Oppenheimer dropped their price objective on Integral Ad Science from $20.00 to $18.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 13th. Three investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $15.70.

Integral Ad Science Price Performance

NASDAQ:IAS opened at $11.11 on Thursday. 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 stock’s 50-day simple moving average is $11.11 and its 200 day simple moving average is $10.61. The company has a market cap of $1.81 billion, a P/E ratio of 55.85, a P/E/G ratio of 1.59 and a beta of 1.45. Integral Ad Science Holding Corp. has a 52-week low of $7.98 and a 52-week high of $17.53.

Integral Ad Science (NASDAQ:IAS) last released its earnings results on Tuesday, November 12th. The company reported $0.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.08 by $0.02. The business had revenue of $133.50 million for the quarter, compared to the consensus estimate of $138.06 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 11.0% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.09) earnings per share. As a group, sell-side analysts forecast 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.