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

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

A number of other equities research analysts have also recently issued reports on IAS. Raymond James upped their price objective 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. Benchmark reaffirmed a “hold” rating on shares of Integral Ad Science in a research note on Monday, August 5th. Morgan Stanley increased their target price on Integral Ad Science from $12.00 to $13.00 and gave the company an “equal weight” rating in a report on Tuesday, July 23rd. 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 research note on Monday, August 5th. Finally, Oppenheimer dropped their price objective on Integral Ad Science from $20.00 to $18.00 and set an “outperform” rating for the company in a research note on Wednesday. Three research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, Integral Ad Science has a consensus rating of “Moderate Buy” and an average target price of $15.70.

Integral Ad Science Stock Down 6.1 %

Shares of NASDAQ IAS opened at $10.11 on Wednesday. The business has a 50-day simple moving average of $11.09 and a two-hundred day simple moving average of $10.47. Integral Ad Science has a 52 week low of $7.98 and a 52 week high of $17.53. The company has a market cap of $1.64 billion, a P/E ratio of 50.55, a P/E/G ratio of 1.40 and a beta of 1.52. The company has a quick ratio of 3.76, a current ratio of 3.71 and a debt-to-equity ratio of 0.07.

Integral Ad Science (NASDAQ:IAS) last posted its earnings results on Tuesday, November 12th. The company reported $0.10 EPS for the quarter, topping the consensus estimate of $0.08 by $0.02. Integral Ad Science had a return on equity of 3.47% and a net margin of 6.39%. The business had revenue of $133.50 million during the quarter, compared to analysts’ expectations of $138.06 million. During the same period in the previous year, the business earned ($0.09) earnings per share. The firm’s revenue was up 11.0% on a year-over-year basis. Research analysts anticipate that Integral Ad Science will post 0.26 earnings per share for the current fiscal year.

Insider Buying and Selling at Integral Ad Science

In other news, CEO Lisa Utzschneider sold 10,481 shares of the firm’s stock in a transaction dated 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 in the company, valued at approximately $2,423,457.99. This trade represents a 4.19 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Tania Secor sold 5,240 shares of the company’s stock in a transaction dated Monday, October 7th. The shares were sold at an average price of $10.11, for a total transaction of $52,976.40. Following the transaction, the chief financial officer now owns 248,223 shares in the company, valued at $2,509,534.53. The trade was a 2.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 23,006 shares of company stock worth $240,296 in the last quarter. 2.00% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Integral Ad Science

Several large investors have recently added to or reduced their stakes in IAS. Point72 DIFC Ltd bought a new stake in shares of Integral Ad Science in the 3rd quarter valued at about $41,000. nVerses Capital LLC bought a new position in Integral Ad Science in the third quarter worth approximately $45,000. Ameritas Investment Partners Inc. lifted its holdings in Integral Ad Science by 40.1% during the first quarter. Ameritas Investment Partners Inc. now owns 6,724 shares of the company’s stock worth $67,000 after buying an additional 1,924 shares during the period. Quantbot Technologies LP purchased a new stake in Integral Ad Science during the third quarter worth $106,000. Finally, XTX Topco Ltd bought a new stake in Integral Ad Science during the 2nd quarter valued at $113,000. 95.78% of the stock is 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.