Marshall Wace LLP Invests $5.25 Million in Integral Ad Science Holding Corp. (NASDAQ:IAS)

Marshall Wace LLP bought a new position in Integral Ad Science Holding Corp. (NASDAQ:IAS – Get Rating) during the third quarter, HoldingsChannel.com reports. The fund bought 724,955 shares of the company’s stock, valued at approximately $5,250,000.

A number of other institutional investors have also recently modified their holdings of IAS. JPMorgan Chase & Co. grew its stake in shares of Integral Ad Science by 286.0% in the first quarter. JPMorgan Chase & Co. now owns 119,294 shares of the company’s stock worth $1,646,000 after acquiring an additional 88,390 shares during the last quarter. Bank of New York Mellon Corp grew its stake in shares of Integral Ad Science by 74.3% in the first quarter. Bank of New York Mellon Corp now owns 87,728 shares of the company’s stock worth $1,210,000 after acquiring an additional 37,393 shares during the last quarter. Bank of Montreal Can grew its stake in shares of Integral Ad Science by 3.5% in the first quarter. Bank of Montreal Can now owns 149,859 shares of the company’s stock worth $2,155,000 after acquiring an additional 5,018 shares during the last quarter. MetLife Investment Management LLC grew its stake in shares of Integral Ad Science by 185.3% in the first quarter. MetLife Investment Management LLC now owns 19,760 shares of the company’s stock worth $273,000 after acquiring an additional 12,835 shares during the last quarter. Finally, Rhumbline Advisers lifted its holdings in shares of Integral Ad Science by 112.4% during the first quarter. Rhumbline Advisers now owns 33,014 shares of the company’s stock valued at $456,000 after purchasing an additional 17,470 shares in the last quarter. 96.83% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, CAO Anil Sukumaran sold 3,956 shares of the firm’s stock in a transaction that occurred on Friday, December 16th. The stock was sold at an average price of $8.96, for a total transaction of $35,445.76. Following the transaction, the chief accounting officer now owns 55,055 shares in the company, valued at approximately $493,292.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 1.00% of the company’s stock.

Integral Ad Science Stock Performance

NASDAQ:IAS opened at $12.00 on Tuesday. The company’s 50-day moving average is $10.56 and its two-hundred day moving average is $9.11. The firm has a market capitalization of $1.85 billion, a price-to-earnings ratio of 133.35 and a beta of 1.56. Integral Ad Science Holding Corp. has a 1-year low of $6.63 and a 1-year high of $16.38. The company has a debt-to-equity ratio of 0.28, a current ratio of 3.26 and a quick ratio of 3.26.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on IAS. Raymond James upped their price target on Integral Ad Science from $12.00 to $17.00 and gave the company a “strong-buy” rating in a report on Friday, March 3rd. Morgan Stanley upped their price target on Integral Ad Science from $12.00 to $13.00 and gave the company an “overweight” rating in a report on Wednesday, January 18th. Barclays upped their price target on Integral Ad Science from $10.00 to $11.00 in a report on Friday, March 3rd. Evercore ISI lowered their price target on Integral Ad Science to $13.00 in a report on Wednesday, November 16th. Finally, Wells Fargo & Company reduced their price objective on Integral Ad Science from $16.00 to $15.00 and set an “overweight” rating for the company in a research report on Thursday, January 19th. One research analyst has rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $14.14.

Integral Ad Science Company Profile

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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.