Integral Ad Science (NASDAQ:IAS) Issues Quarterly Earnings Results

Integral Ad Science (NASDAQ:IAS) posted its quarterly earnings data on Tuesday. The company reported $0.10 EPS for the quarter, topping analysts’ consensus estimates of $0.08 by $0.02, Briefing.com reports. The company had revenue of $133.50 million during the quarter, compared to the consensus estimate of $138.06 million. Integral Ad Science had a net margin of 6.39% and a return on equity of 3.47%. The company’s quarterly revenue was up 11.0% on a year-over-year basis. During the same period in the prior year, the business posted ($0.09) EPS. Integral Ad Science updated its FY 2024 guidance to EPS and its Q4 2024 guidance to EPS.

Integral Ad Science Price Performance

Shares of NASDAQ:IAS opened at $10.77 on Friday. The company has a current ratio of 3.71, a quick ratio of 3.76 and a debt-to-equity ratio of 0.07. The stock has a market cap of $1.75 billion, a PE ratio of 53.83, a price-to-earnings-growth ratio of 1.46 and a beta of 1.52. The stock’s fifty day simple moving average is $11.11 and its two-hundred day simple moving average is $10.47. Integral Ad Science has a 1-year low of $7.98 and a 1-year high of $17.53.

Insiders Place Their Bets

In other news, CFO Tania Secor sold 5,240 shares of the firm’s stock in a transaction that occurred on Monday, October 7th. The shares were sold at an average price of $10.11, for a total transaction of $52,976.40. Following the completion of the sale, the chief financial officer now owns 248,223 shares in the company, valued at $2,509,534.53. This trade represents a 2.07 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Lisa Utzschneider sold 10,481 shares of the stock in a transaction on Monday, October 7th. The shares were sold at an average price of $10.11, for a total value of $105,962.91. Following the transaction, the chief executive officer now directly owns 239,709 shares of the company’s stock, valued at approximately $2,423,457.99. This trade represents a 4.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 23,006 shares of company stock valued at $240,296. Corporate insiders own 2.00% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently commented on IAS. Piper Sandler decreased 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 research report on Wednesday. Truist Financial dropped their price target on Integral Ad Science from $18.00 to $16.00 and set a “buy” rating on the stock in a research note on Wednesday. Morgan Stanley upped their price objective on shares of Integral Ad Science from $12.00 to $13.00 and gave the company an “equal weight” rating in a report on Tuesday, July 23rd. Barclays increased their price target on shares of Integral Ad Science from $12.00 to $13.00 and gave the company an “equal weight” rating in a report on Monday, August 5th. Finally, Craig Hallum decreased their target price on Integral Ad Science from $18.00 to $16.00 and set a “buy” rating on the stock in a research report on Wednesday. Three equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat, Integral Ad Science has an average rating of “Moderate Buy” and a consensus price target of $15.70.

Integral Ad Science Company Profile

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.