CenterBook Partners LP Decreases Stock Holdings in Integral Ad Science Holding Corp. (NASDAQ:IAS)

CenterBook Partners LP reduced its holdings in shares of Integral Ad Science Holding Corp. (NASDAQ:IASFree Report) by 23.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 347,522 shares of the company’s stock after selling 107,473 shares during the quarter. CenterBook Partners LP owned 0.22% of Integral Ad Science worth $5,001,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. abrdn plc purchased a new position in shares of Integral Ad Science in the fourth quarter valued at $25,285,000. Vanguard Group Inc. raised its holdings in Integral Ad Science by 15.2% in the third quarter. Vanguard Group Inc. now owns 7,325,778 shares of the company’s stock valued at $87,104,000 after acquiring an additional 966,280 shares in the last quarter. TimesSquare Capital Management LLC raised its holdings in Integral Ad Science by 32.2% in the third quarter. TimesSquare Capital Management LLC now owns 2,486,748 shares of the company’s stock valued at $29,567,000 after acquiring an additional 605,824 shares in the last quarter. Jacobs Levy Equity Management Inc. raised its holdings in Integral Ad Science by 88.4% in the third quarter. Jacobs Levy Equity Management Inc. now owns 1,167,392 shares of the company’s stock valued at $13,880,000 after acquiring an additional 547,856 shares in the last quarter. Finally, Qube Research & Technologies Ltd acquired a new stake in Integral Ad Science in the third quarter valued at $5,548,000. 95.78% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have weighed in on IAS. Loop Capital began coverage on shares of Integral Ad Science in a report on Tuesday, April 30th. They set a “buy” rating and a $15.00 target price on the stock. Truist Financial dropped their price objective on shares of Integral Ad Science from $26.00 to $17.00 and set a “buy” rating on the stock in a report on Wednesday, February 28th. Craig Hallum dropped their price objective on shares of Integral Ad Science from $20.00 to $18.00 and set a “buy” rating on the stock in a report on Friday, May 10th. Morgan Stanley reaffirmed an “equal weight” rating and issued a $12.00 price objective (down previously from $18.00) on shares of Integral Ad Science in a report on Tuesday, April 16th. Finally, Raymond James dropped their price objective on shares of Integral Ad Science from $16.00 to $13.00 and set an “outperform” rating on the stock in a report on Friday, May 10th. Three investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $16.77.

Read Our Latest Stock Analysis on IAS

Integral Ad Science Stock Down 1.9 %

Shares of NASDAQ IAS traded down $0.18 during mid-day trading on Friday, reaching $9.14. The company had a trading volume of 1,246,983 shares, compared to its average volume of 1,823,442. The stock has a fifty day moving average of $9.60 and a two-hundred day moving average of $12.30. The company has a debt-to-equity ratio of 0.13, a quick ratio of 4.32 and a current ratio of 4.32. The company has a market capitalization of $1.47 billion, a price-to-earnings ratio of 914.91, a PEG ratio of 1.62 and a beta of 1.53. Integral Ad Science Holding Corp. has a 12-month low of $7.98 and a 12-month high of $20.88.

Integral Ad Science (NASDAQ:IASGet Free Report) last issued its quarterly earnings data on Thursday, May 9th. The company reported ($0.01) earnings per share for the quarter, meeting the consensus estimate of ($0.01). The firm had revenue of $114.50 million for the quarter, compared to analyst estimates of $112.12 million. Integral Ad Science had a net margin of 0.59% and a return on equity of 0.32%. The company’s revenue for the quarter was up 7.9% on a year-over-year basis. During the same quarter last year, the firm earned $0.02 earnings per share. As a group, equities research analysts expect that Integral Ad Science Holding Corp. will post 0.22 EPS for the current year.

Insider Buying and Selling at Integral Ad Science

In other Integral Ad Science news, CEO Lisa Utzschneider sold 30,407 shares of the stock in a transaction that occurred on Monday, April 8th. The stock was sold at an average price of $10.05, for a total transaction of $305,590.35. Following the transaction, the chief executive officer now owns 188,678 shares in the company, valued at $1,896,213.90. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other Integral Ad Science news, CAO Alexis Gil II sold 2,792 shares of the stock in a transaction that occurred on Tuesday, June 4th. The stock was sold at an average price of $9.09, for a total transaction of $25,379.28. Following the transaction, the chief accounting officer now owns 145,550 shares in the company, valued at $1,323,049.50. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Lisa Utzschneider sold 30,407 shares of the firm’s stock in a transaction on Monday, April 8th. The stock was sold at an average price of $10.05, for a total transaction of $305,590.35. Following the completion of the sale, the chief executive officer now owns 188,678 shares in the company, valued at approximately $1,896,213.90. The disclosure for this sale can be found here. Insiders have sold a total of 59,242 shares of company stock worth $592,058 over the last 90 days. Insiders own 2.00% of the company’s stock.

Integral Ad Science Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Integral Ad Science (NASDAQ:IAS)

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