Insider Selling: Integral Ad Science Holding Corp. (NASDAQ:IAS) CEO Sells $57,915.00 in Stock

Integral Ad Science Holding Corp. (NASDAQ:IAS) CEO Lisa Utzschneider sold 5,940 shares of the business’s stock in a transaction that occurred on Tuesday, January 7th. The shares were sold at an average price of $9.75, for a total value of $57,915.00. Following the transaction, the chief executive officer now owns 266,926 shares of the company’s stock, valued at approximately $2,602,528.50. This trade represents a 2.18 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Integral Ad Science Stock Down 4.0 %

Shares of IAS opened at $9.79 on Friday. The business’s 50 day simple moving average is $10.89 and its 200-day simple moving average is $10.78. Integral Ad Science Holding Corp. has a 1 year low of $7.98 and a 1 year high of $17.53. The stock has a market capitalization of $1.59 billion, a price-to-earnings ratio of 48.95, a price-to-earnings-growth ratio of 1.46 and a beta of 1.46. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.71 and a quick ratio of 3.71.

Integral Ad Science (NASDAQ:IAS) last issued its quarterly earnings data on Tuesday, November 12th. The company reported $0.10 EPS for the quarter, topping analysts’ consensus estimates of $0.08 by $0.02. The business had revenue of $133.50 million during the quarter, compared to analysts’ expectations of $138.06 million. Integral Ad Science had a net margin of 6.39% and a return on equity of 3.47%. The business’s revenue was up 11.0% on a year-over-year basis. During the same period last year, the company posted ($0.09) EPS. As a group, equities analysts expect that Integral Ad Science Holding Corp. will post 0.26 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Integral Ad Science

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Crestwood Capital Management L.P. increased its position in shares of Integral Ad Science by 0.3% during the 3rd quarter. Crestwood Capital Management L.P. now owns 650,738 shares of the company’s stock valued at $7,034,000 after purchasing an additional 1,941 shares during the last quarter. Point72 DIFC Ltd bought a new position in Integral Ad Science during the third quarter valued at $41,000. nVerses Capital LLC bought a new position in Integral Ad Science during the third quarter valued at $45,000. Principal Financial Group Inc. lifted its holdings in shares of Integral Ad Science by 9.3% in the 2nd quarter. Principal Financial Group Inc. now owns 61,108 shares of the company’s stock worth $594,000 after acquiring an additional 5,189 shares during the last quarter. Finally, The Manufacturers Life Insurance Company boosted its stake in shares of Integral Ad Science by 18.1% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 37,870 shares of the company’s stock worth $368,000 after purchasing an additional 5,806 shares during the period. 95.78% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have weighed in on IAS. Scotiabank began coverage on shares of Integral Ad Science in a research report on Thursday, December 5th. They issued a “sector perform” rating and a $10.00 price target for the company. Craig Hallum cut their price target on Integral Ad Science from $18.00 to $16.00 and set a “buy” rating for the company in a research note on Wednesday, November 13th. Oppenheimer decreased their price target on Integral Ad Science from $20.00 to $18.00 and set an “outperform” rating on the stock in a report on Wednesday, November 13th. Piper Sandler cut their target price on Integral Ad Science from $18.00 to $16.00 and set an “overweight” rating for the company in a research report on Wednesday, November 13th. Finally, Truist Financial dropped their price target on Integral Ad Science from $18.00 to $16.00 and set a “buy” rating for the company in a research note on Wednesday, November 13th. Four investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $15.18.

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.