Integral Ad Science (NASDAQ:IAS) Issues Earnings Results

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

Integral Ad Science Stock Down 0.8 %

Shares of NASDAQ IAS opened at $12.62 on Wednesday. The company has a debt-to-equity ratio of 0.10, a current ratio of 3.76 and a quick ratio of 3.76. The stock has a market capitalization of $2.04 billion, a PE ratio of 1,263.26, a P/E/G ratio of 1.91 and a beta of 1.52. Integral Ad Science has a one year low of $7.98 and a one year high of $17.53. The business’s fifty day moving average price is $11.13 and its 200-day moving average price is $10.46.

Insider Buying and Selling

In related news, CFO Tania Secor sold 5,240 shares of the company’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 transaction of $52,976.40. Following the sale, the chief financial officer now directly owns 248,223 shares in the company, valued at approximately $2,509,534.53. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other Integral Ad Science news, CEO Lisa Utzschneider sold 10,481 shares of the firm’s stock in a transaction dated 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 transaction, the chief executive officer now owns 239,709 shares in the company, valued at $2,423,457.99. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 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 value of $52,976.40. Following the sale, the chief financial officer now owns 248,223 shares in the company, valued at approximately $2,509,534.53. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 23,006 shares of company stock valued at $240,296. 2.00% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of equities analysts have issued reports on IAS shares. Benchmark reaffirmed a “hold” rating on shares of Integral Ad Science in a report on Monday, August 5th. Morgan Stanley lifted their target price 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 Tuesday, July 23rd. Raymond James upped their target price 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, 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. Three analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $16.40.

Integral Ad Science Company Profile

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.