Integral Ad Science (NASDAQ:IAS) Releases Quarterly Earnings Results, Beats Expectations By $0.03 EPS

Integral Ad Science (NASDAQ:IAS) posted its earnings results on Thursday. The company reported $0.05 earnings per share for the quarter, beating analysts’ consensus estimates of $0.02 by $0.03, Briefing.com reports. Integral Ad Science had a return on equity of 0.32% and a net margin of 0.57%. The company had revenue of $129.01 million for the quarter, compared to analyst estimates of $126.31 million. During the same quarter last year, the company earned $0.05 earnings per share. The company’s revenue for the quarter was up 13.5% on a year-over-year basis. Integral Ad Science updated its FY 2024 guidance to EPS and its Q3 2024 guidance to EPS.

Integral Ad Science Stock Performance

Shares of NASDAQ IAS traded up $1.41 during trading on Friday, reaching $11.33. 2,198,501 shares of the stock traded hands, compared to its average volume of 1,176,003. The company has a 50-day moving average of $9.82 and a 200-day moving average of $10.99. Integral Ad Science has a 52-week low of $7.98 and a 52-week high of $19.15. The stock has a market capitalization of $1.82 billion, a P/E ratio of 1,134.13, a price-to-earnings-growth ratio of 1.47 and a beta of 1.54. The company has a debt-to-equity ratio of 0.13, a current ratio of 4.32 and a quick ratio of 4.32.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. Raymond James raised their price objective on Integral Ad Science from $13.00 to $15.00 and gave the company an “outperform” rating in a research note on Friday. Craig Hallum dropped their price target on shares of Integral Ad Science from $20.00 to $18.00 and set a “buy” rating on the stock in a research report on Friday, May 10th. Morgan Stanley upped their price objective on shares of Integral Ad Science from $12.00 to $13.00 and gave the stock an “equal weight” rating in a research report on Tuesday, July 23rd. Benchmark reissued a “hold” rating on shares of Integral Ad Science in a research report on Tuesday, May 7th. Finally, Loop Capital initiated coverage on Integral Ad Science in a research note on Tuesday, April 30th. They issued a “buy” rating and a $15.00 target price on the stock. Three investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat, Integral Ad Science has an average rating of “Moderate Buy” and an average target price of $16.50.

Insider Activity at Integral Ad Science

In other Integral Ad Science news, CAO Alexis Gil II sold 2,792 shares of the stock in a transaction dated Tuesday, June 4th. The shares were sold at an average price of $9.09, for a total transaction of $25,379.28. Following the completion of the transaction, the chief accounting officer now owns 145,550 shares in the company, valued at $1,323,049.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other Integral Ad Science news, CAO Alexis Gil II sold 2,792 shares of the stock in a transaction on Tuesday, June 4th. The stock was sold at an average price of $9.09, for a total transaction of $25,379.28. Following the sale, the chief accounting officer now owns 145,550 shares in the company, valued at $1,323,049.50. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Tania Secor sold 4,564 shares of the firm’s stock in a transaction on Monday, July 8th. The stock was sold at an average price of $9.68, for a total value of $44,179.52. Following the completion of the transaction, the chief financial officer now directly owns 243,101 shares of the company’s stock, valued at $2,353,217.68. The disclosure for this sale can be found here. In the last three months, insiders have sold 22,478 shares of company stock worth $218,311. Company 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.