Bank of New York Mellon Corp Increases Stock Position in Integral Ad Science Holding Corp. (NASDAQ:IAS)

Bank of New York Mellon Corp increased its stake in shares of Integral Ad Science Holding Corp. (NASDAQ:IAS - Free Report) by 13.1% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 251,091 shares of the company's stock after buying an additional 29,145 shares during the quarter. Bank of New York Mellon Corp owned about 0.15% of Integral Ad Science worth $2,621,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Point72 DIFC Ltd purchased a new stake in shares of Integral Ad Science in the 3rd quarter valued at approximately $41,000. Quantbot Technologies LP acquired a new position in Integral Ad Science in the third quarter valued at approximately $106,000. Public Employees Retirement System of Ohio purchased a new position in Integral Ad Science in the third quarter worth approximately $138,000. Handelsbanken Fonder AB acquired a new stake in Integral Ad Science during the fourth quarter worth $162,000. Finally, Dynamic Technology Lab Private Ltd purchased a new stake in Integral Ad Science in the third quarter valued at $180,000. Hedge funds and other institutional investors own 95.78% of the company's stock.

Insider Activity at Integral Ad Science

In related news, CEO Lisa Utzschneider sold 5,940 shares of the company's stock in a transaction that occurred on Tuesday, January 7th. The stock was sold at an average price of $9.75, for a total value of $57,915.00. Following the completion of the transaction, the chief executive officer now directly owns 266,926 shares of the company's stock, valued at $2,602,528.50. This represents a 2.18 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders have sold a total of 19,109 shares of company stock valued at $197,696 over the last 90 days. 2.00% of the stock is owned by corporate insiders.

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Wall Street Analyst Weigh In

IAS has been the subject of a number of recent analyst reports. Barclays reissued an "equal weight" rating on shares of Integral Ad Science in a research report on Friday, February 28th. Benchmark reissued a "hold" rating on shares of Integral Ad Science in a research note on Friday, February 28th. Morgan Stanley reaffirmed a "mixed" rating on shares of Integral Ad Science in a research report on Monday, March 3rd. Scotiabank assumed coverage on shares of Integral Ad Science in a report on Friday, February 28th. They issued a "sector perform" rating and a $12.00 target price for the company. Finally, Truist Financial upped their price target on Integral Ad Science from $16.00 to $17.00 and gave the stock a "buy" rating in a research note on Monday, March 3rd. Three research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat, Integral Ad Science currently has a consensus rating of "Moderate Buy" and a consensus price target of $15.06.

Integral Ad Science Stock Up 2.2 %

Shares of Integral Ad Science stock traded up $0.20 during trading hours on Monday, reaching $9.10. 525,602 shares of the company were exchanged, compared to its average volume of 1,088,109. The firm has a market cap of $1.49 billion, a PE ratio of 45.50, a PEG ratio of 1.06 and a beta of 1.45. The stock's fifty day moving average is $10.12 and its 200 day moving average is $10.63. Integral Ad Science Holding Corp. has a 1 year low of $7.98 and a 1 year 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.

Integral Ad Science (NASDAQ:IAS - Get Free Report) last issued its quarterly earnings results on Friday, February 28th. The company reported $0.09 earnings per share for the quarter, missing the consensus estimate of $0.12 by ($0.03). The company had revenue of $153.00 million for the quarter, compared to analysts' expectations of $148.83 million. Integral Ad Science had a return on equity of 3.47% and a net margin of 6.39%. Integral Ad Science's revenue for the quarter was up 13.9% compared to the same quarter last year. During the same quarter last year, the company earned $0.06 EPS. As a group, equities research analysts forecast that Integral Ad Science Holding Corp. will post 0.26 earnings per share 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.