Craig Hallum Cuts Integral Ad Science (NASDAQ:IAS) Price Target to $16.00

Integral Ad Science (NASDAQ:IAS) had its target price trimmed by Craig Hallum from $18.00 to $16.00 in a research report report published on Wednesday morning,Benzinga reports. The brokerage currently has a buy rating on the stock.

A number of other equities research analysts also recently weighed in on IAS. Benchmark restated a “hold” rating on shares of Integral Ad Science in a research note on Monday, August 5th. Morgan Stanley raised 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 research note on Tuesday, July 23rd. Raymond James raised their price target on shares of Integral Ad Science from $13.00 to $15.00 and gave the company an “outperform” rating in a research note on Friday, August 2nd. Barclays raised 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 research note on Monday, August 5th. Finally, Oppenheimer cut their target price on shares of Integral Ad Science from $20.00 to $18.00 and set an “outperform” 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. According to MarketBeat.com, Integral Ad Science currently has an average rating of “Moderate Buy” and an average price target of $15.70.

Integral Ad Science Stock Performance

Shares of IAS opened at $10.11 on Wednesday. The stock has a market capitalization of $1.64 billion, a price-to-earnings ratio of 50.55, a PEG ratio of 1.46 and a beta of 1.52. The firm has a fifty day simple moving average of $11.09 and a 200 day simple moving average of $10.47. Integral Ad Science has a 12 month low of $7.98 and a 12 month high of $17.53. The company has a current ratio of 3.71, a quick ratio of 3.76 and a debt-to-equity ratio of 0.07.

Integral Ad Science (NASDAQ:IAS) last released its quarterly earnings results on Tuesday, November 12th. The company reported $0.10 EPS for the quarter, topping analysts’ consensus estimates of $0.08 by $0.02. Integral Ad Science had a net margin of 6.39% and a return on equity of 3.47%. The business had revenue of $133.50 million for the quarter, compared to analyst estimates of $138.06 million. During the same period last year, the firm earned ($0.09) earnings per share. Integral Ad Science’s revenue for the quarter was up 11.0% compared to the same quarter last year. Research analysts forecast that Integral Ad Science will post 0.25 EPS for the current fiscal year.

Insider Activity at Integral Ad Science

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

Institutional Investors Weigh In On Integral Ad Science

A number of institutional investors have recently made changes to their positions in IAS. Vanguard Group Inc. increased its holdings in shares of Integral Ad Science by 7.0% in the first quarter. Vanguard Group Inc. now owns 8,673,229 shares of the company’s stock worth $86,472,000 after buying an additional 566,982 shares during the period. Clearbridge Investments LLC increased its stake in Integral Ad Science by 11.8% in the 1st quarter. Clearbridge Investments LLC now owns 3,906,652 shares of the company’s stock worth $38,949,000 after purchasing an additional 412,044 shares during the period. TimesSquare Capital Management LLC raised its holdings in Integral Ad Science by 0.6% during the 3rd quarter. TimesSquare Capital Management LLC now owns 2,772,440 shares of the company’s stock valued at $29,970,000 after buying an additional 17,166 shares during the last quarter. abrdn plc increased its position in shares of Integral Ad Science by 12.5% in the third quarter. abrdn plc now owns 2,147,656 shares of the company’s stock valued at $23,216,000 after acquiring an additional 237,930 shares during the period. Finally, Geode Capital Management LLC raised its position in Integral Ad Science by 6.4% during the 3rd quarter. Geode Capital Management LLC now owns 1,834,659 shares of the company’s stock valued at $19,836,000 after purchasing an additional 110,149 shares during the last quarter. Hedge funds and other institutional investors own 95.78% of the company’s stock.

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.