Oppenheimer & Co. Inc. Invests $50,000 in ironSource Ltd. (NYSE:IS)

Oppenheimer & Co. Inc. purchased a new position in shares of ironSource Ltd. (NYSE:ISGet Rating) in the second quarter, HoldingsChannel reports. The fund purchased 20,800 shares of the company’s stock, valued at approximately $50,000.

A number of other institutional investors have also recently bought and sold shares of IS. Parallel Advisors LLC grew its holdings in ironSource by 109.6% in the first quarter. Parallel Advisors LLC now owns 11,331 shares of the company’s stock valued at $57,000 after purchasing an additional 5,924 shares during the period. First National Trust Co purchased a new stake in ironSource in the first quarter valued at approximately $80,000. DGS Capital Management LLC purchased a new stake in ironSource in the first quarter valued at approximately $60,000. Aigen Investment Management LP lifted its position in ironSource by 49.5% during the first quarter. Aigen Investment Management LP now owns 25,396 shares of the company’s stock valued at $122,000 after buying an additional 8,409 shares in the last quarter. Finally, Qube Research & Technologies Ltd lifted its position in ironSource by 10.9% during the first quarter. Qube Research & Technologies Ltd now owns 569,986 shares of the company’s stock valued at $2,736,000 after buying an additional 55,850 shares in the last quarter. 22.26% of the stock is currently owned by hedge funds and other institutional investors.

ironSource Trading Down 3.2 %

NYSE IS opened at $2.74 on Monday. The company’s fifty day simple moving average is $3.32 and its 200-day simple moving average is $3.33. The stock has a market cap of $2.77 billion, a P/E ratio of 45.67, a PEG ratio of 0.57 and a beta of 1.64. ironSource Ltd. has a 52 week low of $2.20 and a 52 week high of $13.14.

Wall Street Analyst Weigh In

IS has been the topic of a number of recent research reports. Credit Suisse Group cut shares of ironSource from an “outperform” rating to a “neutral” rating and reduced their price target for the company from $13.00 to $5.42 in a research report on Thursday, August 11th. Wolfe Research initiated coverage on shares of ironSource in a research report on Tuesday, August 16th. They set a “market perform” rating on the stock. Five analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $5.83.

About ironSource

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ironSource Ltd. operates a business platform for app developers and telecom operators in Israel and internationally. The company's platforms include Sonic solution suite that supports developers to launch, monetize, and scale their apps and games by providing solutions for app discovery, user growth, content monetization, analytics, and publishing; and Aura solution suite, which allows telecom operators to enrich the device experience by creating new engagement touchpoints that deliver relevant content for their users across the entire lifecycle of the device.

Further Reading

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Institutional Ownership by Quarter for ironSource (NYSE:IS)

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