Integral Ad Science (NASDAQ:IAS) Trading 3.3% Higher - Should You Buy?

Integral Ad Science Holding Corp. (NASDAQ:IAS - Get Free Report)'s stock price rose 3.3% on Wednesday . The company traded as high as $10.13 and last traded at $10.04. Approximately 285,681 shares traded hands during trading, a decline of 67% from the average daily volume of 878,924 shares. The stock had previously closed at $9.72.

Analyst Ratings Changes

A number of equities analysts have commented on the company. Benchmark restated a "hold" rating on shares of Integral Ad Science in a research note on Thursday, November 14th. Piper Sandler decreased their price objective on Integral Ad Science from $18.00 to $16.00 and set an "overweight" rating for the company in a report on Wednesday, November 13th. Scotiabank started coverage on shares of Integral Ad Science in a research report on Thursday, December 5th. They set a "sector perform" rating and a $10.00 price target on the stock. Truist Financial cut their target price on Integral Ad Science from $18.00 to $16.00 and set a "buy" rating for the company in a research report on Wednesday, November 13th. Finally, Oppenheimer dropped their price objective on Integral Ad Science from $20.00 to $18.00 and set an "outperform" rating on the stock in a research note on Wednesday, November 13th. Four equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $15.18.

Integral Ad Science Stock Performance

The stock's 50 day moving average is $11.00 and its two-hundred day moving average is $10.79. 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 has a market capitalization of $1.66 billion, a P/E ratio of 51.00, a P/E/G ratio of 1.46 and a beta of 1.46.

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

Institutional Trading of Integral Ad Science

Institutional investors and hedge funds have recently made changes to their positions in the company. Healthcare of Ontario Pension Plan Trust Fund bought a new position in shares of Integral Ad Science in the 2nd quarter worth about $4,724,000. 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 valued at $23,216,000 after purchasing an additional 237,930 shares in the last quarter. JPMorgan Chase & Co. increased its position in shares of Integral Ad Science by 47.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 717,528 shares of the company's stock valued at $7,756,000 after purchasing an additional 231,271 shares during the last quarter. Invenomic Capital Management LP raised its holdings in shares of Integral Ad Science by 57.4% in the 3rd quarter. Invenomic Capital Management LP now owns 585,309 shares of the company's stock worth $6,327,000 after purchasing an additional 213,488 shares during the period. Finally, Rice Hall James & Associates LLC bought a new position in Integral Ad Science during the third quarter worth about $1,795,000. Institutional investors own 95.78% of the company's stock.

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.