Jennison Associates LLC Takes $665,000 Position in Integral Ad Science Holding Corp. (NASDAQ:IAS)

Jennison Associates LLC acquired a new position in shares of Integral Ad Science Holding Corp. (NASDAQ:IAS - Free Report) in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund acquired 61,492 shares of the company's stock, valued at approximately $665,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of IAS. nVerses Capital LLC acquired a new stake in shares of Integral Ad Science during the third quarter worth $45,000. XTX Topco Ltd acquired a new position in shares of Integral Ad Science during the 2nd quarter valued at about $113,000. ProShare Advisors LLC acquired a new position in shares of Integral Ad Science during the 1st quarter valued at about $121,000. Edgestream Partners L.P. purchased a new position in shares of Integral Ad Science during the 2nd quarter worth about $125,000. Finally, Stoneridge Investment Partners LLC acquired a new stake in shares of Integral Ad Science in the third quarter worth approximately $125,000. Hedge funds and other institutional investors own 95.78% of the company's stock.

Insider Buying and Selling

In other Integral Ad Science news, CEO Lisa Utzschneider sold 10,481 shares of the business'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 sale, the chief executive officer now directly owns 239,709 shares of the company's stock, valued at $2,423,457.99. The trade was a 4.19 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Tania Secor sold 6,643 shares of the stock in a transaction 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 completion of the sale, the chief financial officer now owns 251,366 shares of the company's stock, valued at $2,825,353.84. The trade was a 2.57 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 23,006 shares of company stock worth $240,296. Corporate insiders own 2.00% of the company's stock.

Integral Ad Science Stock Performance

Shares of NASDAQ IAS traded down $0.12 during midday trading on Friday, reaching $11.08. 687,321 shares of the company traded hands, compared to its average volume of 1,421,559. The stock has a 50-day moving average price of $11.09 and a 200 day moving average price of $10.51. The company has a market cap of $1.80 billion, a price-to-earnings ratio of 55.40, a PEG ratio of 1.55 and a beta of 1.52. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.71 and a quick ratio of 3.71. Integral Ad Science Holding Corp. has a 52 week low of $7.98 and a 52 week high of $17.53.

Integral Ad Science (NASDAQ:IAS - Get Free Report) last posted its quarterly earnings data on Tuesday, November 12th. The company reported $0.10 EPS for the quarter, topping 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 company had revenue of $133.50 million for the quarter, compared to the consensus estimate of $138.06 million. During the same quarter in the previous year, the business earned ($0.09) EPS. The company's quarterly revenue was up 11.0% compared to the same quarter last year. Sell-side analysts anticipate that Integral Ad Science Holding Corp. will post 0.26 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several brokerages have commented on IAS. Oppenheimer dropped their price target on Integral Ad Science from $20.00 to $18.00 and set an "outperform" rating for the company in a research note on Wednesday, November 13th. Truist Financial reduced their price target on shares of Integral Ad Science from $18.00 to $16.00 and set a "buy" rating on the stock in a research report on Wednesday, November 13th. Piper Sandler decreased their price objective on shares of Integral Ad Science from $18.00 to $16.00 and set an "overweight" rating for the company in a research note on Wednesday, November 13th. Raymond James upped their price target on shares of Integral Ad Science from $13.00 to $15.00 and gave the stock an "outperform" rating in a research report on Friday, August 2nd. Finally, Benchmark reissued a "hold" rating on shares of Integral Ad Science in a research report on Thursday, November 14th. Three analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $15.70.

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.