Clearbridge Investments LLC Sells 187,007 Shares of Integral Ad Science Holding Corp. (NASDAQ:IAS)

Clearbridge Investments LLC lessened its position in shares of Integral Ad Science Holding Corp. (NASDAQ:IAS) by 6.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,729,420 shares of the company’s stock after selling 187,007 shares during the period. Clearbridge Investments LLC owned about 1.68% of Integral Ad Science worth $28,495,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Barclays PLC lifted its position in shares of Integral Ad Science by 207.1% in the third quarter. Barclays PLC now owns 127,733 shares of the company’s stock worth $1,380,000 after purchasing an additional 86,133 shares in the last quarter. JPMorgan Chase & Co. lifted its position in Integral Ad Science by 47.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 717,528 shares of the company’s stock worth $7,756,000 after buying an additional 231,271 shares in the last quarter. Repertoire Partners LP acquired a new position in shares of Integral Ad Science during the 3rd quarter worth about $1,676,000. Janus Henderson Group PLC grew its holdings in shares of Integral Ad Science by 65.9% in the 3rd quarter. Janus Henderson Group PLC now owns 359,370 shares of the company’s stock valued at $3,884,000 after acquiring an additional 142,741 shares in the last quarter. Finally, Franklin Resources Inc. increased its position in shares of Integral Ad Science by 12.9% in the third quarter. Franklin Resources Inc. now owns 110,449 shares of the company’s stock valued at $1,191,000 after acquiring an additional 12,647 shares during the last quarter. 95.78% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have weighed in on the company. Benchmark restated a “hold” rating on shares of Integral Ad Science in a research note on Friday, February 28th. Scotiabank initiated coverage on shares of Integral Ad Science in a report on Friday, February 28th. They set a “sector perform” rating and a $12.00 target price on the stock. Baird R W cut shares of Integral Ad Science from a “strong-buy” rating to a “hold” rating in a research note on Friday, March 28th. Morgan Stanley restated a “mixed” rating on shares of Integral Ad Science in a research note on Monday, March 3rd. Finally, Truist Financial raised their target price on shares of Integral Ad Science from $16.00 to $17.00 and gave the company a “buy” rating in a research note on Monday, March 3rd. Five analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $14.45.

Integral Ad Science Trading Up 0.1 %

Shares of IAS stock opened at $8.07 on Wednesday. Integral Ad Science Holding Corp. has a 12-month low of $7.85 and a 12-month high of $13.62. The company has a market capitalization of $1.32 billion, a PE ratio of 40.35, a price-to-earnings-growth ratio of 1.06 and a beta of 1.45. The firm has a 50 day moving average price of $9.93 and a two-hundred day moving average price of $10.51. The company has a quick ratio of 3.71, a current ratio of 3.71 and a debt-to-equity ratio of 0.07.

Integral Ad Science (NASDAQ:IAS) last released its quarterly earnings results on Friday, February 28th. The company reported $0.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.12 by ($0.03). The firm had revenue of $153.00 million during the quarter, compared to the consensus estimate of $148.83 million. Integral Ad Science had a net margin of 6.39% and a return on equity of 3.47%. The business’s revenue for the quarter was up 13.9% compared to the same quarter last year. During the same quarter last year, the firm earned $0.06 earnings per share. As a group, analysts predict that Integral Ad Science Holding Corp. will post 0.26 earnings per share for the current year.

Insider Activity at Integral Ad Science

In related news, CEO Lisa Utzschneider sold 12,448 shares of the business’s stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $10.61, for a total value of $132,073.28. Following the completion of the sale, the chief executive officer now directly owns 278,650 shares in the company, valued at approximately $2,956,476.50. The trade was a 4.28 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Over the last three months, insiders have sold 19,109 shares of company stock worth $197,696. Corporate insiders own 2.00% of the company’s stock.

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.