Integral Ad Science Holding Corp. (NASDAQ:IAS) Short Interest Update

Integral Ad Science Holding Corp. (NASDAQ:IAS) was the recipient of a significant increase in short interest in November. As of November 15th, there was short interest totalling 5,370,000 shares, an increase of 8.5% from the October 31st total of 4,950,000 shares. Based on an average daily trading volume, of 792,700 shares, the days-to-cover ratio is presently 6.8 days. Approximately 7.3% of the shares of the stock are short sold.

Integral Ad Science Stock Down 1.9 %

Shares of NASDAQ IAS opened at $11.32 on Wednesday. The stock has a market capitalization of $1.84 billion, a PE ratio of 56.60, a P/E/G ratio of 1.59 and a beta of 1.45. 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 fifty day moving average of $11.10 and a 200-day moving average of $10.60. Integral Ad Science has a 52-week low of $7.98 and a 52-week high of $17.53.

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

Insider Activity at Integral Ad Science

In related news, CFO Tania Secor sold 5,240 shares of the firm’s stock in a transaction that occurred on Monday, October 7th. The stock was sold at an average price of $10.11, for a total value of $52,976.40. Following the completion of the transaction, the chief financial officer now directly owns 248,223 shares of the company’s stock, valued at $2,509,534.53. This trade represents a 2.07 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Lisa Utzschneider sold 10,481 shares of Integral Ad Science stock in a transaction on Monday, October 7th. The stock was sold at an average price of $10.11, for a total value of $105,962.91. Following the transaction, the chief executive officer now directly owns 239,709 shares of the company’s stock, valued at approximately $2,423,457.99. This represents a 4.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 23,006 shares of company stock worth $240,296 over the last three months. 2.00% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. grew its stake in shares of Integral Ad Science by 7.0% during the first quarter. Vanguard Group Inc. now owns 8,673,229 shares of the company’s stock valued at $86,472,000 after acquiring an additional 566,982 shares in the last quarter. TimesSquare Capital Management LLC raised its position in shares of Integral Ad Science by 0.6% in the 3rd quarter. TimesSquare Capital Management LLC now owns 2,772,440 shares of the company’s stock valued at $29,970,000 after purchasing an additional 17,166 shares in the last quarter. abrdn plc boosted its stake in Integral Ad Science by 12.5% during the 3rd quarter. abrdn plc now owns 2,147,656 shares of the company’s stock valued at $23,216,000 after acquiring an additional 237,930 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of Integral Ad Science by 6.4% in the 3rd quarter. Geode Capital Management LLC now owns 1,834,659 shares of the company’s stock valued at $19,836,000 after acquiring an additional 110,149 shares during the last quarter. Finally, Millennium Management LLC grew its position in shares of Integral Ad Science by 10.8% during the 2nd quarter. Millennium Management LLC now owns 1,224,138 shares of the company’s stock valued at $11,899,000 after buying an additional 119,740 shares during the last quarter. Institutional investors and hedge funds own 95.78% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on IAS shares. Benchmark restated a “hold” rating on shares of Integral Ad Science in a research report on Thursday, November 14th. Piper Sandler lowered their target price on Integral Ad Science from $18.00 to $16.00 and set an “overweight” rating on the stock in a report on Wednesday, November 13th. Oppenheimer cut their price target on Integral Ad Science from $20.00 to $18.00 and set an “outperform” rating for the company in a report on Wednesday, November 13th. Craig Hallum decreased their price objective on Integral Ad Science from $18.00 to $16.00 and set a “buy” rating on the stock in a research note on Wednesday, November 13th. Finally, Truist Financial cut their target price on shares of Integral Ad Science from $18.00 to $16.00 and set a “buy” rating for the company in a research note on Wednesday, November 13th. Three analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, Integral Ad Science currently has an average 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.