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

Integral Ad Science Holding Corp. (NASDAQ:IAS - Get Free Report)'s share price gapped down before the market opened on Friday . The stock had previously closed at $8.64, but opened at $8.15. Integral Ad Science shares last traded at $8.36, with a volume of 171,981 shares.

Analyst Ratings Changes

A number of brokerages have recently commented on IAS. Barclays reiterated an "equal weight" rating on shares of Integral Ad Science in a report on Friday, February 28th. Robert W. Baird reiterated a "neutral" rating and issued a $9.00 price target (down from $16.00) on shares of Integral Ad Science in a report on Friday. Scotiabank started coverage on Integral Ad Science in a report on Friday, February 28th. They set a "sector perform" rating and a $12.00 price objective on the stock. Morgan Stanley reaffirmed a "mixed" rating on shares of Integral Ad Science in a research report on Monday, March 3rd. Finally, Oppenheimer reiterated an "outperform" rating on shares of Integral Ad Science in a research note on Friday, February 28th. Five equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $14.45.

Integral Ad Science Trading Down 1.2 %

The business's 50-day simple moving average is $9.97 and its two-hundred day simple moving average is $10.53. The stock has a market capitalization of $1.30 billion, a price-to-earnings ratio of 39.83, a PEG ratio of 1.06 and a beta of 1.45. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.71 and a quick ratio of 3.71.

Integral Ad Science (NASDAQ:IAS - Get Free Report) last announced its quarterly earnings results on Friday, February 28th. The company reported $0.09 earnings per share for the quarter, missing analysts' consensus estimates of $0.12 by ($0.03). Integral Ad Science had a return on equity of 3.47% and a net margin of 6.39%. The business had revenue of $153.00 million for the quarter, compared to analysts' expectations of $148.83 million. During the same period last year, the company posted $0.06 earnings per share. The firm's revenue for the quarter was up 13.9% on a year-over-year basis. On average, research analysts anticipate that Integral Ad Science Holding Corp. will post 0.26 earnings per share for the current fiscal year.

Insider Activity at Integral Ad Science

In related news, CEO Lisa Utzschneider sold 5,940 shares of the firm's stock in a transaction on Tuesday, January 7th. The shares were sold at an average price of $9.75, for a total transaction of $57,915.00. Following the completion of the sale, the chief executive officer now directly owns 266,926 shares of the company's stock, valued at approximately $2,602,528.50. This trade represents a 2.18 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In the last ninety days, insiders have sold 19,109 shares of company stock worth $197,696. 2.00% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Integral Ad Science

A number of institutional investors and hedge funds have recently added to or reduced their stakes in IAS. Point72 DIFC Ltd acquired a new position in shares of Integral Ad Science in the third quarter worth about $41,000. State of Wyoming purchased a new stake in Integral Ad Science during the 4th quarter worth approximately $51,000. Alta Fox Capital Management LLC acquired a new position in shares of Integral Ad Science in the 4th quarter valued at approximately $61,000. Quantbot Technologies LP purchased a new position in shares of Integral Ad Science during the 3rd quarter valued at approximately $106,000. Finally, BNP Paribas Financial Markets acquired a new stake in shares of Integral Ad Science during the fourth quarter worth approximately $120,000. 95.78% of the stock is owned by hedge funds and other institutional investors.

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.