Sunriver Management LLC Sells 350,432 Shares of Integral Ad Science Holding Corp. (NASDAQ:IAS)

Sunriver Management LLC reduced its position in Integral Ad Science Holding Corp. (NASDAQ:IAS - Free Report) by 4.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 7,291,034 shares of the company's stock after selling 350,432 shares during the quarter. Integral Ad Science accounts for approximately 9.1% of Sunriver Management LLC's holdings, making the stock its 2nd biggest holding. Sunriver Management LLC owned approximately 4.48% of Integral Ad Science worth $76,118,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the company. Public Employees Retirement System of Ohio purchased a new position in shares of Integral Ad Science in the 3rd quarter valued at $138,000. Handelsbanken Fonder AB bought a new stake in Integral Ad Science during the fourth quarter valued at about $162,000. XTX Topco Ltd purchased a new position in Integral Ad Science in the fourth quarter valued at about $172,000. Cornerstone Investment Partners LLC bought a new position in shares of Integral Ad Science during the 4th quarter worth approximately $187,000. Finally, Arizona State Retirement System lifted its holdings in shares of Integral Ad Science by 12.5% during the 4th quarter. Arizona State Retirement System now owns 23,404 shares of the company's stock valued at $244,000 after purchasing an additional 2,601 shares during the last quarter. Institutional investors own 95.78% of the company's stock.

Wall Street Analysts Forecast Growth

IAS has been the subject of a number of research analyst reports. Oppenheimer restated an "outperform" rating on shares of Integral Ad Science in a research note on Friday, February 28th. Scotiabank started coverage on shares of Integral Ad Science in a report on Friday, February 28th. They issued a "sector perform" rating and a $12.00 price objective for the company. Morgan Stanley dropped their target price on Integral Ad Science from $13.50 to $12.50 and set an "equal weight" rating on the stock in a research report on Thursday. Benchmark reaffirmed a "hold" rating on shares of Integral Ad Science in a report on Friday, February 28th. Finally, Baird R W lowered Integral Ad Science from a "strong-buy" rating to a "hold" rating in a report on Friday, March 28th. Six analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $14.35.

Insider Buying and Selling

In other Integral Ad Science news, CEO Lisa Utzschneider sold 68,671 shares of the company's stock in a transaction dated Thursday, April 3rd. The shares were sold at an average price of $7.44, for a total value of $510,912.24. Following the transaction, the chief executive officer now directly owns 334,051 shares in the company, valued at approximately $2,485,339.44. This represents a 17.05 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders sold 90,303 shares of company stock worth $706,660 in the last ninety days. Insiders own 2.00% of the company's stock.

Integral Ad Science Stock Performance

Integral Ad Science stock traded up $0.11 during trading hours on Friday, reaching $6.52. 1,064,614 shares of the stock were exchanged, compared to its average volume of 1,123,936. 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 $1.07 billion, a P/E ratio of 32.60, a P/E/G ratio of 1.06 and a beta of 1.53. Integral Ad Science Holding Corp. has a 52-week low of $6.32 and a 52-week high of $13.62. The firm's 50 day moving average is $8.93 and its 200 day moving average is $10.12.

Integral Ad Science (NASDAQ:IAS - Get Free Report) last announced its quarterly earnings data on Friday, February 28th. The company reported $0.09 EPS for the quarter, missing the consensus estimate of $0.12 by ($0.03). The company had revenue of $153.00 million during the quarter, compared to analyst estimates 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 last year, the business earned $0.06 EPS. Analysts predict that Integral Ad Science Holding Corp. will post 0.26 EPS for the current fiscal year.

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.