Integral Ad Science (NASDAQ:IAS) Shares Gap Down - Here's Why

Integral Ad Science Holding Corp. (NASDAQ:IAS - Get Free Report) shares gapped down before the market opened on Monday . The stock had previously closed at $10.71, but opened at $10.19. Integral Ad Science shares last traded at $10.45, with a volume of 193,374 shares trading hands.

Analysts Set New Price Targets

Several research firms have recently weighed in on IAS. Oppenheimer decreased 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. Benchmark reissued a "hold" rating on shares of Integral Ad Science in a research report on Thursday, November 14th. Craig Hallum decreased 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. Truist Financial dropped 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, November 13th. Finally, Scotiabank initiated coverage on Integral Ad Science in a research report on Thursday, December 5th. They set a "sector perform" rating and a $10.00 price objective for the company. Four analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $15.18.

Integral Ad Science Stock Performance

The company has a debt-to-equity ratio of 0.07, a current ratio of 3.71 and a quick ratio of 3.71. The firm's 50-day moving average price is $11.08 and its 200-day moving average price is $10.79. The stock has a market cap of $1.62 billion, a P/E ratio of 49.85, a PEG ratio of 1.46 and a beta of 1.45.

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

Institutional Investors Weigh In On Integral Ad Science

Several large investors have recently bought and sold shares of the business. Point72 DIFC Ltd purchased a new stake in Integral Ad Science during the third quarter valued at approximately $41,000. nVerses Capital LLC purchased a new stake in Integral Ad Science during the 3rd quarter valued at $45,000. Quantbot Technologies LP bought a new stake in Integral Ad Science in the third quarter worth $106,000. XTX Topco Ltd purchased a new position in Integral Ad Science during the second quarter worth $113,000. Finally, Edgestream Partners L.P. bought a new position in Integral Ad Science during the second quarter valued at $125,000. Institutional investors own 95.78% of the company's stock.

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.