Integral Ad Science (NASDAQ:IAS) Posts Earnings Results, Beats Expectations By $0.02 EPS

Integral Ad Science (NASDAQ:IAS - Get Free Report) posted its earnings results on Tuesday. The company reported $0.10 earnings per share for the quarter, topping the consensus estimate of $0.08 by $0.02, Briefing.com reports. Integral Ad Science had a return on equity of 3.52% and a net margin of 6.39%. The firm had revenue of $133.50 million during the quarter, compared to analyst estimates of $138.06 million. During the same period in the previous year, the company earned ($0.09) EPS. The company's revenue for the quarter was up 11.0% on a year-over-year basis. Integral Ad Science updated its FY 2024 guidance to EPS and its Q4 2024 guidance to EPS.

Integral Ad Science Trading Down 14.5 %

NASDAQ IAS traded down $1.83 on Wednesday, reaching $10.79. The company had a trading volume of 2,135,377 shares, compared to its average volume of 1,391,874. The company has a quick ratio of 3.76, a current ratio of 3.76 and a debt-to-equity ratio of 0.10. Integral Ad Science has a 52 week low of $7.98 and a 52 week high of $17.53. The stock has a market cap of $1.74 billion, a price-to-earnings ratio of 55.00, a PEG ratio of 1.90 and a beta of 1.52. The stock's 50 day moving average is $11.13 and its 200-day moving average is $10.46.

Insider Activity

In other news, CEO Lisa Utzschneider sold 10,481 shares of Integral Ad Science 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 transaction, the chief executive officer now directly owns 239,709 shares of the company's stock, valued at $2,423,457.99. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, CFO Tania Secor sold 5,240 shares of the stock in a transaction on Monday, October 7th. The shares were sold at an average price of $10.11, for a total transaction of $52,976.40. Following the completion of the sale, the chief financial officer now owns 248,223 shares of the company's stock, valued at $2,509,534.53. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, 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 completion of the sale, the chief executive officer now directly owns 239,709 shares in the company, valued at $2,423,457.99. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 23,006 shares of company stock valued at $240,296 in the last ninety days. 2.00% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

IAS has been the topic of a number of research reports. Barclays boosted their target price on shares of Integral Ad Science from $12.00 to $13.00 and gave the stock an "equal weight" rating in a research report on Monday, August 5th. Piper Sandler cut 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 report on Wednesday. Benchmark reissued a "hold" rating on shares of Integral Ad Science in a research report on Monday, August 5th. Craig Hallum lowered their price target on Integral Ad Science from $18.00 to $16.00 and set a "buy" rating on the stock in a research note on Wednesday. Finally, Morgan Stanley raised their price objective on Integral Ad Science from $12.00 to $13.00 and gave the stock an "equal weight" rating in a research report on Tuesday, July 23rd. Three equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Integral Ad Science 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.