Stoneridge Investment Partners LLC Grows Stake in Integral Ad Science Holding Corp. (NASDAQ:IAS)

Stoneridge Investment Partners LLC increased its holdings in Integral Ad Science Holding Corp. (NASDAQ:IAS) by 139.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 27,808 shares of the company’s stock after purchasing an additional 16,208 shares during the period. Stoneridge Investment Partners LLC’s holdings in Integral Ad Science were worth $290,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Barclays PLC lifted its position in shares of 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 buying an additional 86,133 shares in the last quarter. JPMorgan Chase & Co. grew its stake in shares of 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 buying an additional 231,271 shares in the last quarter. abrdn plc increased its holdings in shares of Integral Ad Science by 12.5% in the 3rd quarter. abrdn plc now owns 2,147,656 shares of the company’s stock worth $23,216,000 after buying an additional 237,930 shares during the last quarter. Repertoire Partners LP purchased a new stake in Integral Ad Science during the third quarter valued at approximately $1,676,000. Finally, Janus Henderson Group PLC raised its holdings in Integral Ad Science by 65.9% during the 3rd quarter. Janus Henderson Group PLC now owns 359,370 shares of the company’s stock valued at $3,884,000 after buying an additional 142,741 shares during the period. 95.78% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on IAS shares. Craig Hallum dropped their price target on shares of Integral Ad Science from $18.00 to $16.00 and set a “buy” rating for the company in a research note on Wednesday, November 13th. Scotiabank initiated coverage on Integral Ad Science in a report on Thursday, December 5th. They issued a “sector perform” rating and a $10.00 target price for the company. Oppenheimer dropped 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, November 13th. Truist Financial lowered their target price on Integral Ad Science from $18.00 to $16.00 and set a “buy” rating for the company in a report on Wednesday, November 13th. Finally, Benchmark reiterated a “hold” rating on shares of Integral Ad Science in a research note on Thursday, November 14th. Four analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $14.80.

Insider Activity at Integral Ad Science

In other Integral Ad Science news, CEO Lisa Utzschneider sold 12,448 shares of Integral Ad Science stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $10.61, for a total transaction of $132,073.28. Following the completion of the transaction, the chief executive officer now owns 278,650 shares in the company, valued at approximately $2,956,476.50. This trade represents a 4.28 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders sold 19,109 shares of company stock worth $197,696 over the last three months. Company insiders own 2.00% of the company’s stock.

Integral Ad Science Stock Performance

Shares of IAS opened at $10.70 on Friday. The stock has a 50-day moving average of $10.43 and a two-hundred day moving average of $10.84. 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 stock has a market cap of $1.74 billion, a P/E ratio of 53.50, a P/E/G ratio of 1.09 and a beta of 1.46. Integral Ad Science Holding Corp. has a one year low of $7.98 and a one year high of $17.53.

Integral Ad Science (NASDAQ:IAS) last issued 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 return on equity of 3.47% and a net margin of 6.39%. The firm had revenue of $133.50 million for the quarter, compared to analyst estimates of $138.06 million. During the same quarter in the prior year, the firm earned ($0.09) earnings per share. Integral Ad Science’s revenue for the quarter was up 11.0% on a year-over-year basis. As a group, research analysts predict that Integral Ad Science Holding Corp. will post 0.26 EPS for the current year.

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.