Integral Ad Science (NASDAQ:IAS) Price Target Raised to $9.00

Integral Ad Science (NASDAQ:IAS) had its price objective hoisted by Barclays from $7.00 to $9.00 in a report published on Tuesday,Benzinga reports. They currently have an equal weight rating on the stock.

A number of other research firms also recently issued reports on IAS. Baird R W downgraded shares of Integral Ad Science from a “strong-buy” rating to a “hold” rating in a report on Friday, March 28th. Robert W. Baird reaffirmed a “neutral” rating and set a $9.00 price target (down previously from $16.00) on shares of Integral Ad Science in a report on Friday, March 28th. Benchmark reaffirmed a “hold” rating on shares of Integral Ad Science in a report on Friday, February 28th. Scotiabank started coverage on shares of Integral Ad Science in a report on Friday, February 28th. They set a “sector perform” rating and a $12.00 price target on the stock. Finally, Morgan Stanley lowered their price target on shares of Integral Ad Science from $13.50 to $12.50 and set an “equal weight” rating on the stock in a report on Thursday, April 17th. Six research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $13.55.

Integral Ad Science Stock Performance

NASDAQ IAS opened at $8.04 on Tuesday. The company’s 50 day moving average is $7.70 and its 200-day moving average is $9.66. The company has a quick ratio of 3.71, a current ratio of 3.71 and a debt-to-equity ratio of 0.07. The firm has a market cap of $1.33 billion, a P/E ratio of 40.20, a price-to-earnings-growth ratio of 1.06 and a beta of 1.55. Integral Ad Science has a 12-month low of $6.26 and a 12-month high of $13.62.

Integral Ad Science (NASDAQ:IAS) last released its quarterly earnings results on Monday, May 12th. The company reported $0.05 EPS for the quarter, topping analysts’ consensus estimates of $0.03 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 $134.07 million during the quarter, compared to analysts’ expectations of $129.20 million. Sell-side analysts predict that Integral Ad Science will post 0.26 earnings per share for the current year.

Insider Activity

In other news, CEO Lisa Utzschneider sold 68,671 shares of the stock in a transaction on Thursday, April 3rd. The shares were sold at an average price of $7.44, for a total value of $510,912.24. Following the sale, the chief executive officer now owns 334,051 shares of the company’s stock, valued at approximately $2,485,339.44. This represents a 17.05% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders have sold a total of 86,222 shares of company stock worth $636,252 over the last quarter. Insiders own 2.00% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in IAS. Franklin Resources Inc. grew its holdings 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 worth $1,191,000 after purchasing an additional 12,647 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Integral Ad Science by 47.6% in the third quarter. JPMorgan Chase & Co. now owns 717,528 shares of the company’s stock worth $7,756,000 after purchasing an additional 231,271 shares during the last quarter. Jennison Associates LLC grew its holdings in shares of Integral Ad Science by 3.3% in the fourth quarter. Jennison Associates LLC now owns 63,538 shares of the company’s stock worth $663,000 after purchasing an additional 2,046 shares during the last quarter. Stoneridge Investment Partners LLC grew its holdings in shares of Integral Ad Science by 139.7% in the fourth quarter. Stoneridge Investment Partners LLC now owns 27,808 shares of the company’s stock worth $290,000 after purchasing an additional 16,208 shares during the last quarter. Finally, Rice Hall James & Associates LLC grew its holdings in shares of Integral Ad Science by 89.2% in the fourth quarter. Rice Hall James & Associates LLC now owns 314,129 shares of the company’s stock worth $3,280,000 after purchasing an additional 148,082 shares during the last quarter. 95.78% of the stock is currently owned by institutional investors.

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.