Barclays Lowers Integral Ad Science (NASDAQ:IAS) Price Target to $7.00

Integral Ad Science (NASDAQ:IAS) had its price objective dropped by stock analysts at Barclays from $14.00 to $7.00 in a research note issued on Monday,Benzinga reports. The firm currently has an “equal weight” rating on the stock. Barclays‘s price target points to a potential upside of 10.17% from the company’s previous close.

Other research analysts also recently issued research reports about the company. Oppenheimer reiterated an “outperform” rating on shares of Integral Ad Science in a report on Friday, February 28th. Morgan Stanley cut their price objective on Integral Ad Science from $13.50 to $12.50 and set an “equal weight” rating for the company in a report on Thursday. Truist Financial increased their price target on shares of Integral Ad Science from $16.00 to $17.00 and gave the stock a “buy” rating in a research report on Monday, March 3rd. Robert W. Baird restated a “neutral” rating and set a $9.00 target price (down previously from $16.00) on shares of Integral Ad Science in a research note on Friday, March 28th. Finally, Benchmark reaffirmed a “hold” rating on shares of Integral Ad Science in a research note on Friday, February 28th. Six analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $13.75.

Integral Ad Science Stock Performance

NASDAQ:IAS opened at $6.35 on Monday. The business has a 50 day moving average price of $8.85 and a 200-day moving average price of $10.09. Integral Ad Science has a fifty-two week low of $6.32 and a fifty-two week high of $13.62. The company has a debt-to-equity ratio of 0.07, a quick ratio of 3.71 and a current ratio of 3.71. The firm has a market cap of $1.04 billion, a PE ratio of 31.70, a price-to-earnings-growth ratio of 1.06 and a beta of 1.53.

Integral Ad Science (NASDAQ:IAS) last announced its quarterly earnings results on Friday, February 28th. The company reported $0.09 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.03). The business had revenue of $153.00 million for the quarter, compared to analysts’ expectations 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 quarter in the prior year, the firm earned $0.06 EPS. Equities research analysts predict that Integral Ad Science will post 0.26 earnings per share for the current year.

Insider Activity at Integral Ad Science

In related news, CEO Lisa Utzschneider sold 12,448 shares of Integral Ad Science stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $10.61, for a total value of $132,073.28. Following the sale, the chief executive officer now owns 278,650 shares of the company’s stock, valued at approximately $2,956,476.50. This trade represents a 4.28 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders sold a total of 90,303 shares of company stock worth $706,660 in the last three months. Company insiders own 2.00% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of IAS. Barclays PLC grew its position in Integral Ad Science by 207.1% in the third quarter. Barclays PLC now owns 127,733 shares of the company’s stock worth $1,380,000 after acquiring an additional 86,133 shares during the period. Geode Capital Management LLC raised its stake in shares of Integral Ad Science by 6.4% in the 3rd quarter. Geode Capital Management LLC now owns 1,834,659 shares of the company’s stock valued at $19,836,000 after acquiring an additional 110,149 shares during the period. Franklin Resources Inc. lifted its holdings in shares of Integral Ad Science by 12.9% in the 3rd quarter. Franklin Resources Inc. now owns 110,449 shares of the company’s stock worth $1,191,000 after acquiring an additional 12,647 shares during the last quarter. JPMorgan Chase & Co. raised its position in Integral Ad Science by 47.6% in the third quarter. JPMorgan Chase & Co. now owns 717,528 shares of the company’s stock valued at $7,756,000 after purchasing an additional 231,271 shares during the period. Finally, Jennison Associates LLC boosted its position in shares of Integral Ad Science by 3.3% during the fourth quarter. Jennison Associates LLC now owns 63,538 shares of the company’s stock worth $663,000 after buying an additional 2,046 shares during the period. Institutional investors and hedge funds 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.