Integral Ad Science (NASDAQ:IAS) Given New $16.00 Price Target at Craig Hallum

Integral Ad Science (NASDAQ:IAS) had its price objective cut by equities researchers at Craig Hallum from $18.00 to $16.00 in a report released on Wednesday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. Craig Hallum’s target price indicates a potential upside of 43.37% from the stock’s current price.

Several other brokerages also recently weighed in on IAS. Benchmark reaffirmed a “hold” rating on shares of Integral Ad Science in a report on Monday, August 5th. Barclays boosted their price objective on shares of Integral Ad Science from $12.00 to $13.00 and gave the stock an “equal weight” rating in a research report on Monday, August 5th. Raymond James lifted their price objective on Integral Ad Science from $13.00 to $15.00 and gave the stock an “outperform” rating in a research report on Friday, August 2nd. Oppenheimer reduced their price objective on shares of Integral Ad Science from $20.00 to $18.00 and set an “outperform” rating on the stock in a research note on Wednesday. Finally, Morgan Stanley lifted their price target on Integral Ad Science from $12.00 to $13.00 and gave the company an “equal weight” rating in a report on Tuesday, July 23rd. Three investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $16.00.

Integral Ad Science Stock Down 11.6 %

Shares of NASDAQ:IAS traded down $1.46 during trading hours on Wednesday, reaching $11.16. The stock had a trading volume of 671,808 shares, compared to its average volume of 1,385,084. Integral Ad Science has a 1 year low of $7.98 and a 1 year high of $17.53. The firm’s 50 day moving average is $11.13 and its 200-day moving average is $10.46. The stock has a market capitalization of $1.80 billion, a price-to-earnings ratio of 1,117.12, a P/E/G ratio of 1.91 and a beta of 1.52. The company has a debt-to-equity ratio of 0.10, a quick ratio of 3.76 and a current ratio of 3.76.

Integral Ad Science (NASDAQ:IAS) last posted its earnings results on Tuesday, November 12th. The company reported $0.10 EPS for the quarter, beating analysts’ consensus estimates of $0.08 by $0.02. Integral Ad Science had a net margin of 0.57% and a return on equity of 0.31%. The firm had revenue of $133.50 million for the quarter, compared to the consensus estimate of $138.06 million. During the same period last year, the firm posted ($0.09) EPS. The company’s revenue was up 11.0% on a year-over-year basis. Research analysts predict that Integral Ad Science will post 0.23 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Integral Ad Science news, CEO Lisa Utzschneider sold 10,481 shares of the firm’s stock in a transaction on Monday, October 7th. The shares were sold at an average price of $10.11, for a total transaction of $105,962.91. Following the completion of the transaction, the chief executive officer now directly owns 239,709 shares of the company’s stock, valued at $2,423,457.99. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, CEO Lisa Utzschneider sold 10,481 shares of Integral Ad Science 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 completion of the transaction, the chief executive officer now owns 239,709 shares in the company, valued at approximately $2,423,457.99. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Tania Secor sold 6,643 shares of the company’s stock in a transaction that occurred on Friday, September 6th. The shares were sold at an average price of $11.24, for a total value of $74,667.32. Following the sale, the chief financial officer now directly owns 251,366 shares in the company, valued at approximately $2,825,353.84. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 23,006 shares of company stock worth $240,296 in the last three months. 2.00% of the stock is owned by insiders.

Hedge Funds Weigh In On Integral Ad Science

A number of large investors have recently bought and sold shares of the business. Swiss National Bank grew its position in shares of Integral Ad Science by 30.2% during the first quarter. Swiss National Bank now owns 140,600 shares of the company’s stock worth $1,402,000 after acquiring an additional 32,600 shares during the last quarter. ProShare Advisors LLC bought a new position in Integral Ad Science in the 1st quarter worth about $121,000. Jupiter Asset Management Ltd. acquired a new stake in shares of Integral Ad Science in the first quarter valued at approximately $3,257,000. Vanguard Group Inc. raised its holdings in shares of Integral Ad Science by 7.0% during the first 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 shares of Integral Ad Science by 40.1% during the first quarter. Ameritas Investment Partners Inc. now owns 6,724 shares of the company’s stock worth $67,000 after buying an additional 1,924 shares during the period. 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.