Piper Sandler Issues Pessimistic Forecast for Integral Ad Science (NASDAQ:IAS) Stock Price

Integral Ad Science (NASDAQ:IAS) had its target price reduced by equities research analysts at Piper Sandler from $18.00 to $16.00 in a research note issued on Wednesday,Benzinga reports. The brokerage presently has an “overweight” rating on the stock. Piper Sandler’s price objective indicates a potential upside of 45.06% from the stock’s previous close.

Other equities research analysts have also recently issued research reports about the company. Morgan Stanley raised their target price 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. Benchmark reissued a “hold” rating on shares of Integral Ad Science in a research note on Monday, August 5th. Craig Hallum cut their target price on Integral Ad Science from $18.00 to $16.00 and set a “buy” rating for the company in a research note on Wednesday. Raymond James raised their target price on Integral Ad Science from $13.00 to $15.00 and gave the stock an “outperform” rating in a research note on Friday, August 2nd. Finally, Oppenheimer cut their target price 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 investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $15.70.

Integral Ad Science Price Performance

Shares of NASDAQ:IAS traded down $1.59 during midday trading on Wednesday, hitting $11.03. The company had a trading volume of 887,891 shares, compared to its average volume of 1,386,204. Integral Ad Science has a twelve month low of $7.98 and a twelve month high of $17.53. 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 cap of $1.78 billion, a price-to-earnings ratio of 55.00, a price-to-earnings-growth ratio of 1.90 and a beta of 1.52. The business’s 50-day simple moving average is $11.13 and its 200-day simple moving average is $10.46.

Integral Ad Science (NASDAQ:IAS) last posted its quarterly earnings results on Tuesday, November 12th. The company reported $0.10 EPS for the quarter, beating the consensus estimate of $0.08 by $0.02. The firm 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 3.52% and a net margin of 6.39%. The business’s revenue for the quarter was up 11.0% on a year-over-year basis. During the same quarter last year, the firm earned ($0.09) earnings per share. On average, research analysts predict that Integral Ad Science will post 0.23 earnings per share for the current year.

Insider Transactions at Integral Ad Science

In related news, CEO Lisa Utzschneider sold 10,481 shares of the company’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 $105,962.91. Following 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, CFO Tania Secor sold 5,240 shares of the company’s stock in a transaction on Monday, October 7th. The stock was sold at an average price of $10.11, for a total transaction of $52,976.40. Following the completion of the sale, the chief financial officer now directly owns 248,223 shares in the company, valued at $2,509,534.53. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO Lisa Utzschneider sold 10,481 shares of the company’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 sale, the chief executive officer now owns 239,709 shares of the company’s stock, valued at approximately $2,423,457.99. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 23,006 shares of company stock worth $240,296. Corporate insiders own 2.00% of the company’s stock.

Institutional Trading of Integral Ad Science

A number of institutional investors and hedge funds have recently made changes to their positions in IAS. Swiss National Bank boosted its position in Integral Ad Science by 30.2% in the 1st quarter. Swiss National Bank now owns 140,600 shares of the company’s stock valued at $1,402,000 after buying an additional 32,600 shares during the last quarter. ProShare Advisors LLC purchased a new position in Integral Ad Science in the 1st quarter valued at about $121,000. Jupiter Asset Management Ltd. purchased a new position in Integral Ad Science in the 1st quarter valued at about $3,257,000. Vanguard Group Inc. boosted its position in Integral Ad Science by 7.0% in the 1st quarter. Vanguard Group Inc. now owns 8,673,229 shares of the company’s stock valued at $86,472,000 after buying an additional 566,982 shares during the last quarter. Finally, Ameritas Investment Partners Inc. boosted its position in Integral Ad Science by 40.1% in the 1st quarter. Ameritas Investment Partners Inc. now owns 6,724 shares of the company’s stock valued at $67,000 after buying an additional 1,924 shares during the last quarter. 95.78% of the stock is currently owned by institutional investors and hedge funds.

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.