Integral Ad Science (NASDAQ:IAS) Issues Earnings Results, Beats Expectations By $0.02 EPS

Integral Ad Science (NASDAQ:IAS) announced its earnings results on Tuesday. The company reported $0.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.08 by $0.02, Briefing.com reports. Integral Ad Science had a net margin of 6.39% and a return on equity of 3.52%. The company had revenue of $133.50 million for the quarter, compared to analysts’ expectations of $138.06 million. During the same quarter in the previous year, the company posted ($0.09) EPS. The firm’s quarterly revenue was up 11.0% on a year-over-year basis. Integral Ad Science updated its FY 2024 guidance to EPS and its Q4 2024 guidance to EPS.

Integral Ad Science Stock Performance

Shares of IAS opened at $10.79 on Thursday. The stock has a 50 day moving average price of $11.12 and a 200 day moving average price of $10.46. The company has a quick ratio of 3.76, a current ratio of 3.76 and a debt-to-equity ratio of 0.10. The company has a market capitalization of $1.74 billion, a price-to-earnings ratio of 53.95, a price-to-earnings-growth ratio of 1.90 and a beta of 1.52. Integral Ad Science has a 52-week low of $7.98 and a 52-week high of $17.53.

Insider Activity at Integral Ad Science

In related news, CFO Tania Secor sold 6,643 shares of the company’s stock in a transaction that occurred on Friday, September 6th. The stock was sold at an average price of $11.24, for a total value of $74,667.32. Following the completion of the transaction, the chief financial officer now directly owns 251,366 shares of the company’s stock, valued at $2,825,353.84. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Integral Ad Science news, CFO Tania Secor sold 6,643 shares of the business’s stock in a transaction that occurred on Friday, September 6th. The stock was sold at an average price of $11.24, for a total value of $74,667.32. Following the completion of the sale, the chief financial officer now owns 251,366 shares in the company, valued at approximately $2,825,353.84. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Lisa Utzschneider sold 10,481 shares of the business’s stock in a transaction that occurred on Monday, October 7th. The shares were sold at an average price of $10.11, for a total value of $105,962.91. Following the completion of the sale, the chief executive officer now owns 239,709 shares of the company’s stock, valued at approximately $2,423,457.99. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 23,006 shares of company stock valued at $240,296 over the last three months. 2.00% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on IAS shares. Oppenheimer lowered 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 note on Wednesday. Barclays lifted their price target on Integral Ad Science from $12.00 to $13.00 and gave the stock an “equal weight” rating in a report on Monday, August 5th. Truist Financial reduced their price target on Integral Ad Science from $18.00 to $16.00 and set a “buy” rating on the stock in a report on Wednesday. Morgan Stanley lifted their price target on Integral Ad Science from $12.00 to $13.00 and gave the stock an “equal weight” rating in a report on Tuesday, July 23rd. Finally, Benchmark reiterated a “hold” rating on shares of Integral Ad Science in a report on Monday, August 5th. Three investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $15.70.

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.