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

Integral Ad Science (NASDAQ:IAS) issued its quarterly earnings results on Tuesday. The company reported $0.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.08 by $0.02, Briefing.com reports. The firm had revenue of $133.50 million for the quarter, compared to analyst estimates of $138.06 million. Integral Ad Science had a return on equity of 0.31% and a net margin of 0.57%. The firm’s quarterly revenue was up 11.0% on a year-over-year basis. During the same period last year, the company earned ($0.09) EPS. Integral Ad Science updated its FY 2024 guidance to EPS and its Q4 2024 guidance to EPS.

Integral Ad Science Stock Down 6.3 %

IAS opened at $11.83 on Wednesday. The company has a debt-to-equity ratio of 0.10, a quick ratio of 3.76 and a current ratio of 3.76. The company has a market capitalization of $1.91 billion, a PE ratio of 1,263.26, a P/E/G ratio of 1.91 and a beta of 1.52. The stock’s fifty day moving average is $11.13 and its 200-day moving average is $10.46. Integral Ad Science has a one year low of $7.98 and a one year high of $17.53.

Analyst Ratings Changes

IAS has been the topic of a number of recent research reports. Benchmark reaffirmed a “hold” rating on shares of Integral Ad Science in a research report on Monday, August 5th. Barclays upped their price target on shares of Integral Ad Science from $12.00 to $13.00 and gave the stock an “equal weight” rating in a research report on Monday, August 5th. Raymond James increased their price target on Integral Ad Science from $13.00 to $15.00 and gave the company an “outperform” rating in a report on Friday, August 2nd. Finally, Morgan Stanley boosted their price objective on Integral Ad Science from $12.00 to $13.00 and gave the stock an “equal weight” rating in a research note on Tuesday, July 23rd. Three equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $16.40.

Insider Buying and Selling

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

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.