Shares of ironSource Ltd. (NYSE:IS – Get Rating) have earned a consensus recommendation of “Moderate Buy” from the fifteen analysts that are currently covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a hold recommendation and eleven have assigned a buy recommendation to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $9.29.
Several research firms have weighed in on IS. Citigroup lowered their target price on ironSource from $10.00 to $5.00 and set a “buy” rating on the stock in a research note on Friday, June 10th. Jefferies Financial Group lowered their price target on ironSource from $6.00 to $5.00 in a research note on Thursday, June 16th. The Goldman Sachs Group lowered their price target on ironSource from $5.50 to $4.50 and set a “buy” rating for the company in a research note on Thursday, June 9th. Morgan Stanley lowered their price target on ironSource from $5.00 to $4.75 and set an “overweight” rating for the company in a research note on Monday, June 13th. Finally, BTIG Research cut ironSource from a “buy” rating to a “neutral” rating in a research note on Friday, May 13th.
NYSE:IS opened at $2.29 on Thursday. ironSource has a fifty-two week low of $2.20 and a fifty-two week high of $13.14. The stock’s 50-day moving average is $3.21 and its two-hundred day moving average is $5.26. The stock has a market cap of $2.32 billion, a PE ratio of 38.17, a price-to-earnings-growth ratio of 0.50 and a beta of 0.85.
ironSource Company Profile (Get Rating)
ironSource Ltd. operates a business platform for app developers and telecom operators in Israel and internationally. The company's platforms include Sonic solution suite that supports developers to launch, monetize, and scale their apps and games by providing solutions for app discovery, user growth, content monetization, analytics, and publishing; and Aura solution suite, which allows telecom operators to enrich the device experience by creating new engagement touchpoints that deliver relevant content for their users across the entire lifecycle of the device.
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