Integral Ad Science (NASDAQ:IAS) Hits New 12-Month Low on Insider Selling

Integral Ad Science Holding Corp. (NASDAQ:IAS)’s stock price reached a new 52-week low on Wednesday following insider selling activity. The company traded as low as $8.58 and last traded at $8.58, with a volume of 15871 shares changing hands. The stock had previously closed at $9.90.

Specifically, CAO Alexis Gil II sold 3,177 shares of Integral Ad Science stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $10.24, for a total value of $32,532.48. Following the sale, the chief accounting officer now 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 Securities & Exchange Commission, which is available through the SEC website. In other news, CFO Tania Secor sold 17,999 shares of the business’s stock in a transaction that occurred on Monday, April 8th. The stock was sold at an average price of $10.05, for a total transaction of $180,889.95. Following the sale, the chief financial officer now 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 Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Alexis Gil II sold 3,177 shares of the company’s stock in a transaction on Monday, March 4th. The shares were sold at an average price of $10.24, for a total value of $32,532.48. Following the completion of the sale, the chief accounting officer now directly owns 120,195 shares in the company, valued at approximately $1,230,796.80. The disclosure for this sale can be found here. In the last quarter, insiders sold 75,126 shares of company stock worth $749,707. 2.00% of the stock is owned by insiders.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. Benchmark reaffirmed a “hold” rating on shares of Integral Ad Science in a research note on Tuesday. Loop Capital started coverage on shares of Integral Ad Science in a research note on Tuesday, April 30th. They issued a “buy” rating and a $15.00 target price for the company. Truist Financial dropped their target price on Integral Ad Science from $26.00 to $17.00 and set a “buy” rating for the company in a research note on Wednesday, February 28th. Oppenheimer lowered their price target on Integral Ad Science from $25.00 to $20.00 and set an “outperform” rating for the company in a report on Wednesday, February 28th. Finally, Raymond James lowered shares of Integral Ad Science from a “strong-buy” rating to an “outperform” rating and cut their price objective for the stock from $20.00 to $16.00 in a report on Wednesday, February 28th. Three research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat.com, Integral Ad Science currently has an average rating of “Moderate Buy” and a consensus price target of $17.38.

Integral Ad Science Price Performance

The firm has a market cap of $1.34 billion, a price-to-earnings ratio of 210.30, a price-to-earnings-growth ratio of 1.72 and a beta of 1.58. The company has a debt-to-equity ratio of 0.17, a quick ratio of 3.21 and a current ratio of 3.21. The company’s fifty day moving average is $9.70 and its two-hundred day moving average is $12.84.

Integral Ad Science (NASDAQ:IAS) last issued its quarterly earnings data on Tuesday, February 27th. The company reported $0.06 EPS for the quarter, topping analysts’ consensus estimates of $0.03 by $0.03. The company had revenue of $134.30 million for the quarter, compared to analysts’ expectations of $131.27 million. Integral Ad Science had a return on equity of 0.83% and a net margin of 1.53%. The firm’s quarterly revenue was up 14.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.07 earnings per share. Equities research analysts forecast that Integral Ad Science Holding Corp. will post 0.16 EPS for the current year.

Institutional Trading of Integral Ad Science

Hedge funds have recently made changes to their positions in the company. Skandinaviska Enskilda Banken AB publ purchased a new stake in Integral Ad Science during the 3rd quarter worth $58,000. DekaBank Deutsche Girozentrale acquired a new position in shares of Integral Ad Science in the third quarter worth about $62,000. Amalgamated Bank boosted its holdings in Integral Ad Science by 19.9% in the third quarter. Amalgamated Bank now owns 6,951 shares of the company’s stock valued at $83,000 after purchasing an additional 1,156 shares during the last quarter. Sherbrooke Park Advisers LLC acquired a new stake in Integral Ad Science during the 3rd quarter valued at approximately $140,000. Finally, L2 Asset Management LLC purchased a new stake in Integral Ad Science during the 3rd quarter worth approximately $142,000. Hedge funds and other institutional investors own 95.78% of the company’s stock.

About Integral Ad Science

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.