Integral Ad Science (NASDAQ:IAS) Sees Large Volume Increase

Integral Ad Science Holding Corp. (NASDAQ:IAS) saw unusually-high trading volume on Wednesday . Approximately 5,776,470 shares changed hands during mid-day trading, an increase of 210% from the previous session’s volume of 1,862,476 shares.The stock last traded at $9.77 and had previously closed at $9.74.

Wall Street Analysts Forecast Growth

IAS has been the subject of several research reports. Truist Financial reduced their price target on shares of Integral Ad Science from $26.00 to $17.00 and set a “buy” rating for the company in a research report on Wednesday, February 28th. Benchmark reissued a “hold” rating on shares of Integral Ad Science in a research note on Tuesday, May 7th. Oppenheimer dropped their price objective on shares of Integral Ad Science from $25.00 to $20.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 28th. Loop Capital initiated coverage on shares of Integral Ad Science in a research note on Tuesday, April 30th. They issued a “buy” rating and a $15.00 price objective on the stock. Finally, Raymond James dropped their price objective on shares of Integral Ad Science from $16.00 to $13.00 and set an “outperform” rating on the stock in a research note on Friday, May 10th. Three investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $16.77.

Integral Ad Science Stock Performance

The company has a current ratio of 4.32, a quick ratio of 4.32 and a debt-to-equity ratio of 0.13. The firm has a market capitalization of $1.56 billion, a price-to-earnings ratio of 970.97, a PEG ratio of 1.70 and a beta of 1.58. The stock’s 50 day moving average price is $9.62 and its two-hundred day moving average price is $12.63.

Integral Ad Science (NASDAQ:IAS) last posted its quarterly earnings results on Thursday, May 9th. The company reported ($0.01) earnings per share for the quarter, hitting analysts’ consensus estimates of ($0.01). Integral Ad Science had a net margin of 0.59% and a return on equity of 0.32%. The business had revenue of $114.50 million for the quarter, compared to analysts’ expectations of $112.12 million. During the same period in the prior year, the company posted $0.02 EPS. The business’s revenue for the quarter was up 7.9% on a year-over-year basis. On average, analysts forecast that Integral Ad Science Holding Corp. will post 0.22 EPS for the current year.

Insider Activity at Integral Ad Science

In related news, CAO Alexis Gil II sold 3,177 shares of the stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $10.24, for a total value of $32,532.48. Following the sale, the chief accounting officer now directly owns 120,195 shares of the company’s stock, valued at approximately $1,230,796.80. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, CFO Tania Secor sold 17,999 shares of the stock in a transaction dated Monday, April 8th. The shares were sold at an average price of $10.05, for a total value of $180,889.95. Following the sale, the chief financial officer now directly owns 239,174 shares of the company’s stock, valued at approximately $2,403,698.70. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CAO Alexis Gil II sold 3,177 shares of the company’s stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $10.24, for a total transaction of $32,532.48. Following the completion of the transaction, the chief accounting officer now owns 120,195 shares in the company, valued at $1,230,796.80. The disclosure for this sale can be found here. In the last three months, insiders have sold 75,126 shares of company stock valued at $749,707. Insiders own 2.00% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. M&T Bank Corp lifted its holdings in shares of Integral Ad Science by 5.6% during the 4th quarter. M&T Bank Corp now owns 14,430 shares of the company’s stock worth $207,000 after acquiring an additional 770 shares during the period. Amalgamated Bank lifted its holdings in shares of Integral Ad Science by 19.9% during the 3rd quarter. Amalgamated Bank now owns 6,951 shares of the company’s stock worth $83,000 after acquiring an additional 1,156 shares during the period. American Trust lifted its holdings in shares of Integral Ad Science by 10.8% during the 3rd quarter. American Trust now owns 13,328 shares of the company’s stock worth $158,000 after acquiring an additional 1,302 shares during the period. Ameritas Investment Partners Inc. lifted its holdings in shares of Integral Ad Science by 40.1% during the 1st quarter. Ameritas Investment Partners Inc. now owns 6,724 shares of the company’s stock worth $67,000 after acquiring an additional 1,924 shares during the period. Finally, Quantbot Technologies LP increased its position in Integral Ad Science by 7.1% during the 3rd quarter. Quantbot Technologies LP now owns 37,224 shares of the company’s stock worth $443,000 after purchasing an additional 2,472 shares in the last quarter. 95.78% of the stock is currently owned by hedge funds and other institutional investors.

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.