Short Interest in Integral Ad Science Holding Corp. (NASDAQ:IAS) Increases By 7.6%

Integral Ad Science Holding Corp. (NASDAQ:IAS) was the recipient of a large increase in short interest during the month of March. As of March 31st, there was short interest totalling 2,560,000 shares, an increase of 7.6% from the March 15th total of 2,380,000 shares. Currently, 3.7% of the company’s stock are sold short. Based on an average daily volume of 1,650,000 shares, the short-interest ratio is presently 1.6 days.

Analysts Set New Price Targets

IAS has been the topic of several research reports. Oppenheimer cut their target price on Integral Ad Science from $25.00 to $20.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 28th. Raymond James downgraded Integral Ad Science from a “strong-buy” rating to an “outperform” rating and cut their price target for the stock from $20.00 to $16.00 in a research report on Wednesday, February 28th. Piper Sandler cut their price target on Integral Ad Science from $20.00 to $18.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 28th. BMO Capital Markets cut their price target on Integral Ad Science from $18.00 to $16.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 28th. Finally, Barclays cut their price target on Integral Ad Science from $16.00 to $12.00 and set an “equal weight” rating on the stock in a research report on Monday. Three analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $17.58.

Integral Ad Science Trading Down 1.7 %

Shares of Integral Ad Science stock opened at $9.38 on Tuesday. The firm has a market capitalization of $1.50 billion, a PE ratio of 238.56, a P/E/G ratio of 1.71 and a beta of 1.60. Integral Ad Science has a twelve month low of $9.10 and a twelve month high of $20.88. The firm’s 50-day moving average price is $11.82 and its 200 day moving average price is $13.11. The company has a current ratio of 3.21, a quick ratio of 3.21 and a debt-to-equity ratio of 0.17.

Integral Ad Science (NASDAQ:IAS) last issued its quarterly earnings results on Tuesday, February 27th. The company reported $0.06 earnings per share for the quarter, beating analysts’ consensus estimates of $0.03 by $0.03. The firm had revenue of $134.30 million for the quarter, compared to analyst estimates of $131.27 million. Integral Ad Science had a net margin of 1.53% and a return on equity of 0.83%. Integral Ad Science’s quarterly revenue was up 14.4% compared to the same quarter last year. During the same period last year, the company posted $0.07 EPS. On average, sell-side analysts predict that Integral Ad Science will post 0.16 EPS for the current fiscal year.

Insider Activity

In other news, CAO Alexis Gil II sold 3,177 shares of the stock in a transaction on Monday, March 4th. The stock was sold at an average price of $10.24, for a total transaction of $32,532.48. Following the completion of the sale, the chief accounting officer now owns 120,195 shares in the company, valued at approximately $1,230,796.80. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, CAO Alexis Gil II sold 3,177 shares of the stock in a transaction on Monday, March 4th. The stock was sold at an average price of $10.24, for a total transaction of $32,532.48. Following the completion of the sale, the chief accounting officer now owns 120,195 shares in the company, valued at approximately $1,230,796.80. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Lisa Utzschneider sold 13,113 shares of the company’s stock in a transaction on Tuesday, February 6th. The shares were sold at an average price of $15.79, for a total value of $207,054.27. Following the completion of the transaction, the chief executive officer now directly owns 148,657 shares in the company, valued at $2,347,294.03. The disclosure for this sale can be found here. In the last quarter, insiders sold 80,195 shares of company stock worth $876,562. Insiders own 2.00% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Ameritas Investment Partners Inc. increased its holdings in Integral Ad Science by 92.1% in 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. Skandinaviska Enskilda Banken AB publ acquired a new stake in Integral Ad Science in the 3rd quarter valued at approximately $58,000. DekaBank Deutsche Girozentrale acquired a new stake in Integral Ad Science in the 3rd quarter valued at approximately $62,000. Amalgamated Bank increased its holdings in Integral Ad Science by 19.9% in the 3rd quarter. Amalgamated Bank now owns 6,951 shares of the company’s stock valued at $83,000 after purchasing an additional 1,156 shares during the last quarter. Finally, Tower Research Capital LLC TRC increased its holdings in Integral Ad Science by 493.4% in the 3rd quarter. Tower Research Capital LLC TRC now owns 8,581 shares of the company’s stock valued at $62,000 after purchasing an additional 7,135 shares during the last quarter. 95.78% of the stock is owned by hedge funds and other institutional investors.

Integral Ad Science Company Profile

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.