Loop Capital Initiates Coverage on Integral Ad Science (NASDAQ:IAS)

Loop Capital began coverage on shares of Integral Ad Science (NASDAQ:IAS) in a note issued to investors on Tuesday, Briefing.com reports. The firm set a “buy” rating and a $15.00 price target on the stock. Loop Capital’s price target indicates a potential upside of 53.22% from the stock’s previous close.

Other equities research analysts have also issued research reports about the company. Morgan Stanley restated an “equal weight” rating and set a $12.00 price target (down previously from $18.00) on shares of Integral Ad Science in a research note on Tuesday, April 16th. Bank of America began coverage on shares of Integral Ad Science in a research note on Thursday, January 11th. They set a “buy” rating and a $19.00 price target on the stock. Truist Financial cut their target price on Integral Ad Science from $26.00 to $17.00 and set a “buy” rating on the stock in a research report on Wednesday, February 28th. Piper Sandler lowered their price target on Integral Ad Science from $20.00 to $18.00 and set an “overweight” rating for the company in a research report on Wednesday, February 28th. Finally, Oppenheimer dropped their price target on Integral Ad Science from $25.00 to $20.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 28th. Three equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $17.38.

Integral Ad Science Stock Up 1.0 %

NASDAQ:IAS opened at $9.79 on Tuesday. The company’s 50-day simple moving average is $10.50 and its 200-day simple moving average is $12.92. The company has a debt-to-equity ratio of 0.17, a quick ratio of 3.21 and a current ratio of 3.21. Integral Ad Science has a fifty-two week low of $8.92 and a fifty-two week high of $20.88. The stock has a market capitalization of $1.56 billion, a P/E ratio of 244.81, a P/E/G ratio of 1.68 and a beta of 1.60.

Integral Ad Science (NASDAQ:IAS) last released its quarterly earnings results on Tuesday, February 27th. The company reported $0.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.03 by $0.03. The business had revenue of $134.30 million for the quarter, compared to analyst estimates of $131.27 million. Integral Ad Science had a net margin of 1.53% and a return on equity of 0.83%. The business’s revenue for the quarter was up 14.4% on a year-over-year basis. During the same period in the previous year, the company earned $0.07 earnings per share. On average, equities analysts anticipate that Integral Ad Science will post 0.16 earnings per share for the current fiscal year.

Insider Activity at Integral Ad Science

In other news, CEO Lisa Utzschneider sold 13,113 shares of the firm’s stock in a transaction dated Tuesday, February 6th. The stock was sold at an average price of $15.79, for a total transaction of $207,054.27. Following the sale, the chief executive officer now directly owns 148,657 shares in the company, valued at approximately $2,347,294.03. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, CAO Alexis Gil II sold 3,177 shares of Integral Ad Science stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $10.24, for a total value of $32,532.48. Following the sale, the chief accounting officer now owns 120,195 shares in the company, valued at $1,230,796.80. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Lisa Utzschneider sold 13,113 shares of the company’s stock in a transaction dated Tuesday, February 6th. The stock was sold at an average price of $15.79, for a total transaction of $207,054.27. Following the transaction, the chief executive officer now owns 148,657 shares of the company’s stock, valued at approximately $2,347,294.03. The disclosure for this sale can be found here. Insiders sold a total of 80,195 shares of company stock worth $876,562 in the last three months. Company insiders own 2.00% of the company’s stock.

Institutional Investors Weigh In On Integral Ad Science

Several large investors have recently bought and sold shares of IAS. Goldman Sachs Group Inc. grew its stake in Integral Ad Science by 605.1% during the 4th quarter. Goldman Sachs Group Inc. now owns 2,740,011 shares of the company’s stock valued at $39,429,000 after acquiring an additional 2,351,414 shares in the last quarter. abrdn plc acquired a new stake in shares of Integral Ad Science in the fourth quarter valued at approximately $25,285,000. Vanguard Group Inc. lifted its position in Integral Ad Science by 15.2% during the third quarter. Vanguard Group Inc. now owns 7,325,778 shares of the company’s stock worth $87,104,000 after buying an additional 966,280 shares in the last quarter. P2 Capital Partners LLC purchased a new position in Integral Ad Science during the fourth quarter worth approximately $11,144,000. Finally, TimesSquare Capital Management LLC boosted its stake in Integral Ad Science by 32.2% during the third quarter. TimesSquare Capital Management LLC now owns 2,486,748 shares of the company’s stock worth $29,567,000 after buying an additional 605,824 shares during the last quarter. 95.78% of the stock is currently owned by hedge funds and other 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.