Integral Ad Science (NASDAQ:IAS) Reaches New 1-Year Low at $7.52

Integral Ad Science Holding Corp. (NASDAQ:IASGet Rating) shares hit a new 52-week low during trading on Friday . The company traded as low as $7.52 and last traded at $7.56, with a volume of 16296 shares trading hands. The stock had previously closed at $8.09.

Wall Street Analysts Forecast Growth

IAS has been the subject of several recent research reports. Wells Fargo & Company decreased their target price on shares of Integral Ad Science from $28.00 to $21.00 and set an “overweight” rating for the company in a research report on Monday, August 8th. Barclays dropped their price objective on shares of Integral Ad Science to $10.00 in a research note on Monday, August 15th. Morgan Stanley dropped their target price on shares of Integral Ad Science from $13.00 to $12.00 and set an “overweight” rating for the company in a research report on Monday, August 8th. Jefferies Financial Group decreased their price objective on shares of Integral Ad Science from $18.00 to $15.00 in a report on Thursday, August 4th. Finally, Oppenheimer reduced their target price on shares of Integral Ad Science from $16.00 to $15.00 and set an “outperform” rating on the stock in a research note on Monday, August 8th. One analyst has rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $19.50.

Integral Ad Science Price Performance

The firm has a market capitalization of $1.18 billion, a P/E ratio of -108.56 and a beta of 1.29. The company has a fifty day moving average of $9.13 and a 200 day moving average of $11.34. The company has a debt-to-equity ratio of 0.30, a current ratio of 3.73 and a quick ratio of 3.73.

Integral Ad Science (NASDAQ:IASGet Rating) last posted its quarterly earnings results on Thursday, August 4th. The company reported $0.01 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.01. Integral Ad Science had a negative return on equity of 0.41% and a negative net margin of 3.09%. The firm had revenue of $100.33 million for the quarter, compared to analysts’ expectations of $97.51 million. During the same period in the prior year, the business earned ($0.25) EPS. Sell-side analysts predict that Integral Ad Science Holding Corp. will post 0.04 earnings per share for the current year.

Hedge Funds Weigh In On Integral Ad Science

A number of institutional investors have recently modified their holdings of the company. Ameritas Investment Partners Inc. increased its position in shares of Integral Ad Science by 92.1% during the 1st quarter. Ameritas Investment Partners Inc. now owns 2,499 shares of the company’s stock valued at $34,000 after purchasing an additional 1,198 shares during the last quarter. Amalgamated Bank bought a new position in shares of Integral Ad Science during the 1st quarter worth $43,000. Strs Ohio grew its stake in shares of Integral Ad Science by 33.3% during the 1st quarter. Strs Ohio now owns 5,200 shares of the company’s stock worth $71,000 after acquiring an additional 1,300 shares during the period. Richelieu Gestion PLC bought a new position in shares of Integral Ad Science during the 1st quarter worth $93,000. Finally, Meeder Asset Management Inc. grew its stake in shares of Integral Ad Science by 702.7% during the 1st quarter. Meeder Asset Management Inc. now owns 9,135 shares of the company’s stock worth $126,000 after acquiring an additional 7,997 shares during the period. 96.67% of the stock is owned by institutional investors and hedge funds.

About Integral Ad Science

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Integral Ad Science Holding Corp. operates as a digital advertising verification company in the United States, the United Kingdom, Germany, Italy, Spain, Sweden, Singapore, Australia, France, Japan, Canada, India, and Brazil. The company provides IAS Signal, a cloud-based technology platform that offers actionable insights; and deliver independent measurement and verification of digital advertising across devices, channels, and formats, including desktop, mobile, connected TV, social, display, and video.

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