Integral Ad Science (NASDAQ:IAS) Sets New 52-Week Low – Here’s Why

Integral Ad Science Holding Corp. (NASDAQ:IAS)’s stock price hit a new 52-week low on Tuesday . The stock traded as low as $6.36 and last traded at $6.58, with a volume of 174 shares changing hands. The stock had previously closed at $6.56.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the stock. Morgan Stanley reiterated a “mixed” rating on shares of Integral Ad Science in a research note on Monday, March 3rd. Benchmark reiterated a “hold” rating on shares of Integral Ad Science in a report on Friday, February 28th. Robert W. Baird restated a “neutral” rating and issued a $9.00 price objective (down from $16.00) on shares of Integral Ad Science in a report on Friday, March 28th. Barclays reissued an “equal weight” rating on shares of Integral Ad Science in a report on Friday, February 28th. Finally, Oppenheimer reiterated an “outperform” rating on shares of Integral Ad Science in a report on Friday, February 28th. Five investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $14.45.

Integral Ad Science Stock Down 2.0 %

The firm has a market capitalization of $1.05 billion, a P/E ratio of 32.05, a P/E/G ratio of 1.06 and a beta of 1.53. The company has a current ratio of 3.71, a quick ratio of 3.71 and a debt-to-equity ratio of 0.07. The company has a 50 day simple moving average of $9.02 and a two-hundred day simple moving average of $10.15.

Integral Ad Science (NASDAQ:IAS) last released its quarterly earnings data on Friday, February 28th. The company reported $0.09 EPS for the quarter, missing the consensus estimate of $0.12 by ($0.03). The company had revenue of $153.00 million for the quarter, compared to the consensus estimate of $148.83 million. Integral Ad Science had a net margin of 6.39% and a return on equity of 3.47%. The firm’s revenue for the quarter was up 13.9% on a year-over-year basis. During the same period last year, the company earned $0.06 EPS. On average, equities analysts predict that Integral Ad Science Holding Corp. will post 0.26 EPS for the current fiscal year.

Insider Transactions at Integral Ad Science

In related news, CEO Lisa Utzschneider sold 8,547 shares of the company’s stock in a transaction on Monday, April 7th. The shares were sold at an average price of $6.85, for a total transaction of $58,546.95. Following the sale, the chief executive officer now owns 341,271 shares of the company’s stock, valued at $2,337,706.35. This represents a 2.44 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders have sold 90,303 shares of company stock valued at $706,660 in the last ninety days. Corporate insiders own 2.00% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Public Employees Retirement System of Ohio purchased a new stake in Integral Ad Science in the third quarter worth $138,000. Barclays PLC increased its stake in Integral Ad Science by 207.1% in the 3rd quarter. Barclays PLC now owns 127,733 shares of the company’s stock worth $1,380,000 after buying an additional 86,133 shares during the period. Geode Capital Management LLC lifted its holdings in Integral Ad Science by 6.4% during the 3rd quarter. Geode Capital Management LLC now owns 1,834,659 shares of the company’s stock valued at $19,836,000 after buying an additional 110,149 shares in the last quarter. Franklin Resources Inc. boosted its position in Integral Ad Science by 12.9% in the 3rd quarter. Franklin Resources Inc. now owns 110,449 shares of the company’s stock valued at $1,191,000 after buying an additional 12,647 shares during the period. Finally, JPMorgan Chase & Co. grew its stake in Integral Ad Science by 47.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 717,528 shares of the company’s stock worth $7,756,000 after acquiring an additional 231,271 shares in the last quarter. Institutional investors own 95.78% of the company’s stock.

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.