Thrivent Financial for Lutherans Sells 63,445 Shares of Integral Ad Science Holding Corp. (NASDAQ:IAS)

Thrivent Financial for Lutherans cut its position in shares of Integral Ad Science Holding Corp. (NASDAQ:IAS - Free Report) by 18.8% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 273,999 shares of the company's stock after selling 63,445 shares during the quarter. Thrivent Financial for Lutherans owned approximately 0.17% of Integral Ad Science worth $2,962,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Vanguard Group Inc. boosted its position in shares of Integral Ad Science by 7.0% in the first quarter. Vanguard Group Inc. now owns 8,673,229 shares of the company's stock worth $86,472,000 after acquiring an additional 566,982 shares during the last quarter. TimesSquare Capital Management LLC lifted its position in shares of Integral Ad Science by 0.6% during the third quarter. TimesSquare Capital Management LLC now owns 2,772,440 shares of the company's stock worth $29,970,000 after purchasing an additional 17,166 shares in the last quarter. abrdn plc lifted its position in shares of Integral Ad Science by 12.5% during the third quarter. abrdn plc now owns 2,147,656 shares of the company's stock worth $23,216,000 after purchasing an additional 237,930 shares in the last quarter. Millennium Management LLC lifted its position in shares of Integral Ad Science by 10.8% during the second quarter. Millennium Management LLC now owns 1,224,138 shares of the company's stock worth $11,899,000 after purchasing an additional 119,740 shares in the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund acquired a new position in shares of Integral Ad Science during the second quarter worth $4,724,000. 95.78% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Integral Ad Science

In other news, CFO Tania Secor sold 5,240 shares of the firm's stock in a transaction on Monday, October 7th. The shares were sold at an average price of $10.11, for a total value of $52,976.40. Following the sale, the chief financial officer now owns 248,223 shares in the company, valued at approximately $2,509,534.53. This trade represents a 2.07 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Lisa Utzschneider sold 10,481 shares of the firm's stock in a transaction on Monday, October 7th. The stock was sold at an average price of $10.11, for a total transaction of $105,962.91. Following the completion of the sale, the chief executive officer now owns 239,709 shares in the company, valued at approximately $2,423,457.99. The trade was a 4.19 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 23,006 shares of company stock valued at $240,296. 2.00% of the stock is currently owned by corporate insiders.

Integral Ad Science Stock Up 0.1 %

Shares of NASDAQ IAS traded up $0.01 during mid-day trading on Wednesday, reaching $11.12. The company had a trading volume of 810,453 shares, compared to its average volume of 1,229,795. The stock has a fifty day moving average of $11.09 and a two-hundred day moving average of $10.54. 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 company has a market capitalization of $1.81 billion, a price-to-earnings ratio of 55.60, a PEG ratio of 1.53 and a beta of 1.52. Integral Ad Science Holding Corp. has a 12-month low of $7.98 and a 12-month high of $17.53.

Integral Ad Science (NASDAQ:IAS - Get Free Report) last posted its quarterly earnings results on Tuesday, November 12th. The company reported $0.10 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.08 by $0.02. The business had revenue of $133.50 million during the quarter, compared to analyst estimates of $138.06 million. Integral Ad Science had a net margin of 6.39% and a return on equity of 3.47%. The firm's revenue was up 11.0% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.09) earnings per share. As a group, equities research analysts expect that Integral Ad Science Holding Corp. will post 0.26 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on IAS. Oppenheimer reduced their target price on shares of Integral Ad Science from $20.00 to $18.00 and set an "outperform" rating on the stock in a research report on Wednesday, November 13th. Piper Sandler dropped their price target 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. Barclays lifted their price target on shares of Integral Ad Science from $12.00 to $13.00 and gave the stock an "equal weight" rating in a research note on Monday, August 5th. Truist Financial 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. Finally, Craig Hallum lowered their target price 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. Three research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $15.70.

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.