TimesSquare Capital Management LLC Trims Stake in Integral Ad Science Holding Corp. (NASDAQ:IAS)

TimesSquare Capital Management LLC cut its stake in Integral Ad Science Holding Corp. (NASDAQ:IAS - Free Report) by 27.9% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 2,000,173 shares of the company's stock after selling 772,267 shares during the quarter. TimesSquare Capital Management LLC owned about 1.23% of Integral Ad Science worth $20,882,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the stock. Point72 DIFC Ltd bought a new stake in Integral Ad Science during the third quarter worth about $41,000. nVerses Capital LLC bought a new stake in Integral Ad Science during the third quarter worth about $45,000. Quantbot Technologies LP bought a new stake in Integral Ad Science during the third quarter worth about $106,000. Stoneridge Investment Partners LLC bought a new stake in Integral Ad Science during the third quarter worth about $125,000. Finally, Public Employees Retirement System of Ohio bought a new stake in Integral Ad Science during the third quarter worth about $138,000. 95.78% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages have issued reports on IAS. Craig Hallum dropped their price target on 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. Oppenheimer decreased their price objective on Integral Ad Science from $20.00 to $18.00 and set an "outperform" rating on the stock in a report on Wednesday, November 13th. Scotiabank assumed coverage on Integral Ad Science in a report on Thursday, December 5th. They issued a "sector perform" rating and a $10.00 price objective on the stock. Piper Sandler decreased their price objective on Integral Ad Science from $18.00 to $16.00 and set an "overweight" rating on the stock in a report on Wednesday, November 13th. Finally, Truist Financial decreased their price objective on Integral Ad Science from $18.00 to $16.00 and set a "buy" rating on the stock in a report on Wednesday, November 13th. Four research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, Integral Ad Science has an average rating of "Moderate Buy" and an average target price of $14.80.

Integral Ad Science Stock Down 0.2 %

Shares of IAS stock traded down $0.02 during midday trading on Friday, reaching $10.36. 468,600 shares of the stock were exchanged, compared to its average volume of 756,429. Integral Ad Science Holding Corp. has a 1 year low of $7.98 and a 1 year high of $17.53. The company's 50 day moving average is $10.37 and its two-hundred day moving average is $10.84. The company has a current ratio of 3.71, a quick ratio of 3.71 and a debt-to-equity ratio of 0.07. The firm has a market cap of $1.69 billion, a PE ratio of 51.85, a price-to-earnings-growth ratio of 1.08 and a beta of 1.46.

Insider Transactions at Integral Ad Science

In other news, CEO Lisa Utzschneider sold 12,448 shares of the stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $10.61, for a total transaction of $132,073.28. Following the transaction, the chief executive officer now directly owns 278,650 shares of the company's stock, valued at $2,956,476.50. This represents a 4.28 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders have sold a total of 19,109 shares of company stock valued at $197,696 in the last ninety days. 2.00% of the stock is currently owned by corporate insiders.

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.