Integral Ad Science (NASDAQ:IAS) Given New $15.00 Price Target at Wells Fargo & Company

Integral Ad Science (NASDAQ:IAS – Get Rating) had its target price reduced by equities researchers at Wells Fargo & Company from $16.00 to $15.00 in a note issued to investors on Thursday, Benzinga reports. The brokerage presently has an “overweight” rating on the stock. Wells Fargo & Company‘s target price would suggest a potential upside of 51.52% from the stock’s current price.

A number of other equities analysts have also recently commented on the company. Evercore ISI lowered their target price on Integral Ad Science to $13.00 in a report on Wednesday, November 16th. Barclays increased their price target on Integral Ad Science from $8.00 to $10.00 and gave the company an “equal weight” rating in a research report on Friday, November 18th. Raymond James reduced their price target on Integral Ad Science from $15.00 to $12.00 and set a “strong-buy” rating on the stock in a research report on Friday, November 11th. Finally, Morgan Stanley increased their price target on Integral Ad Science from $12.00 to $13.00 and gave the company an “overweight” rating in a research report on Wednesday. One equities research analyst has rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $14.88.

Integral Ad Science Stock Performance

Shares of Integral Ad Science stock opened at $9.90 on Thursday. The business has a 50-day moving average of $9.27 and a 200 day moving average of $8.78. Integral Ad Science has a 12 month low of $6.63 and a 12 month high of $20.39. The stock has a market capitalization of $1.52 billion, a price-to-earnings ratio of -990.00 and a beta of 1.51. The company has a debt-to-equity ratio of 0.30, a current ratio of 3.67 and a quick ratio of 3.67.

Insider Transactions at Integral Ad Science

In other news, CAO Anil Sukumaran sold 3,955 shares of the firm’s stock in a transaction dated Tuesday, December 13th. The stock was sold at an average price of $9.56, for a total transaction of $37,809.80. Following the sale, the chief accounting officer now owns 59,011 shares of the company’s stock, valued at approximately $564,145.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In the last 90 days, insiders have sold 8,732 shares of company stock valued at $79,331. Corporate insiders own 1.00% of the company’s stock.

Institutional Investors Weigh In On Integral Ad Science

Several hedge funds and other institutional investors have recently made changes to their positions in IAS. Wellington Management Group LLP raised its position in shares of Integral Ad Science by 15,557.5% during the 1st quarter. Wellington Management Group LLP now owns 3,152,174 shares of the company’s stock worth $43,500,000 after acquiring an additional 3,132,042 shares in the last quarter. Vanguard Group Inc. increased its position in Integral Ad Science by 77.2% during the third quarter. Vanguard Group Inc. now owns 4,752,765 shares of the company’s stock worth $34,409,000 after buying an additional 2,070,907 shares during the period. Marshall Wace LLP acquired a new position in Integral Ad Science during the third quarter worth approximately $5,250,000. Bank of Montreal Can increased its position in Integral Ad Science by 1,880.3% during the third quarter. Bank of Montreal Can now owns 598,440 shares of the company’s stock worth $4,913,000 after buying an additional 568,221 shares during the period. Finally, BlackRock Inc. increased its position in Integral Ad Science by 47.1% during the first quarter. BlackRock Inc. now owns 1,603,564 shares of the company’s stock worth $22,129,000 after buying an additional 513,654 shares during the period. Institutional investors and hedge funds own 96.83% of the company’s stock.

About Integral Ad Science

(Get Rating)

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.