Integral Ad Science (NASDAQ:IAS) Stock Price Up 10.4% - Here's What Happened

Integral Ad Science Holding Corp. (NASDAQ:IAS - Get Free Report) shares rose 10.4% on Friday . The company traded as high as $12.45 and last traded at $11.72. Approximately 1,922,343 shares changed hands during mid-day trading, an increase of 39% from the average daily volume of 1,386,821 shares. The stock had previously closed at $10.62.

Analysts Set New Price Targets

A number of research firms have weighed in on IAS. Benchmark restated a "hold" rating on shares of Integral Ad Science in a research report on Monday, August 5th. Morgan Stanley raised their price objective on Integral Ad Science from $12.00 to $13.00 and gave the company an "equal weight" rating in a report on Tuesday, July 23rd. Barclays upped their target price on 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. Finally, Raymond James lifted their price target on shares of Integral Ad Science from $13.00 to $15.00 and gave the stock an "outperform" rating in a research note on Friday, August 2nd. Three analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $16.40.

Integral Ad Science Stock Up 9.0 %

The company has a market capitalization of $1.86 billion, a P/E ratio of 1,172.00, a price-to-earnings-growth ratio of 1.22 and a beta of 1.54. The company has a current ratio of 3.76, a quick ratio of 3.76 and a debt-to-equity ratio of 0.10. The stock's fifty day moving average is $10.95 and its 200 day moving average is $10.22.

Integral Ad Science (NASDAQ:IAS - Get Free Report) last posted its earnings results on Thursday, August 1st. The company reported $0.05 earnings per share for the quarter, topping analysts' consensus estimates of $0.02 by $0.03. The company had revenue of $129.01 million during the quarter, compared to analyst estimates of $126.31 million. Integral Ad Science had a net margin of 0.57% and a return on equity of 0.31%. Integral Ad Science's revenue for the quarter was up 13.5% on a year-over-year basis. During the same period in the prior year, the business posted $0.05 earnings per share. Research analysts predict that Integral Ad Science Holding Corp. will post 0.29 EPS for the current fiscal year.

Insider Activity at Integral Ad Science

In other news, CFO Tania Secor sold 5,240 shares of the firm's stock in a transaction dated Monday, October 7th. The shares were sold at an average price of $10.11, for a total value of $52,976.40. Following the completion of the sale, the chief financial officer now directly owns 248,223 shares of the company's stock, valued at approximately $2,509,534.53. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, CEO Lisa Utzschneider sold 10,481 shares of Integral Ad Science stock in a transaction that occurred 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 sale, the chief executive officer now directly owns 239,709 shares in the company, valued at $2,423,457.99. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Tania Secor sold 5,240 shares of the company's stock in a transaction on Monday, October 7th. The stock was sold at an average price of $10.11, for a total value of $52,976.40. Following the completion of the sale, the chief financial officer now directly owns 248,223 shares in the company, valued at approximately $2,509,534.53. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 32,357 shares of company stock worth $342,409 over the last quarter. 2.00% of the stock is owned by corporate insiders.

Institutional Trading of Integral Ad Science

Hedge funds have recently modified their holdings of the business. Vanguard Group Inc. boosted its position in shares of Integral Ad Science by 10.7% in the 4th quarter. Vanguard Group Inc. now owns 8,106,247 shares of the company's stock worth $116,649,000 after purchasing an additional 780,469 shares in the last quarter. Principal Financial Group Inc. boosted its holdings in Integral Ad Science by 218.8% in the first quarter. Principal Financial Group Inc. now owns 55,919 shares of the company's stock worth $558,000 after acquiring an additional 38,376 shares in the last quarter. Capstone Investment Advisors LLC purchased a new stake in shares of Integral Ad Science in the first quarter worth $326,000. TimesSquare Capital Management LLC increased its holdings in shares of Integral Ad Science by 9.9% during the first quarter. TimesSquare Capital Management LLC now owns 2,969,278 shares of the company's stock valued at $29,604,000 after acquiring an additional 268,310 shares in the last quarter. Finally, Swiss National Bank raised its position in shares of Integral Ad Science by 30.2% in the 1st quarter. Swiss National Bank now owns 140,600 shares of the company's stock worth $1,402,000 after purchasing an additional 32,600 shares during the last quarter. 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.