Clearline Capital LP Purchases Shares of 378,252 Integral Ad Science Holding Corp. (NASDAQ:IAS)

Clearline Capital LP acquired a new position in Integral Ad Science Holding Corp. (NASDAQ:IAS - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 378,252 shares of the company's stock, valued at approximately $3,949,000. Clearline Capital LP owned 0.23% of Integral Ad Science as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Alta Fox Capital Management LLC purchased a new position in Integral Ad Science in the fourth quarter worth $61,000. BNP Paribas Financial Markets purchased a new stake in Integral Ad Science during the 4th quarter worth approximately $120,000. ClearAlpha Technologies LP acquired a new stake in shares of Integral Ad Science during the fourth quarter worth $143,000. PEAK6 LLC acquired a new position in Integral Ad Science in the 4th quarter worth approximately $146,000. Finally, Handelsbanken Fonder AB acquired a new stake in Integral Ad Science during the 4th quarter valued at approximately $162,000. Institutional investors own 95.78% of the company's stock.

Analyst Ratings Changes

A number of research analysts have weighed in on IAS shares. Robert W. Baird reaffirmed a "neutral" rating and issued a $9.00 price objective (down previously from $16.00) on shares of Integral Ad Science in a report on Friday, March 28th. Raymond James upped their target price on Integral Ad Science from $11.00 to $13.00 and gave the stock an "outperform" rating in a research note on Tuesday. Barclays boosted their price target on shares of Integral Ad Science from $7.00 to $9.00 and gave the stock an "equal weight" rating in a report on Tuesday. Benchmark reiterated a "hold" rating on shares of Integral Ad Science in a research note on Friday, February 28th. Finally, Truist Financial boosted their price target on Integral Ad Science from $16.00 to $17.00 and gave the stock a "buy" rating in a research report on Monday, March 3rd. Six investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, Integral Ad Science currently has an average rating of "Moderate Buy" and an average price target of $13.55.

Integral Ad Science Trading Up 0.2%

NASDAQ:IAS traded up $0.02 on Tuesday, hitting $8.17. 1,468,702 shares of the stock were exchanged, compared to its average volume of 1,021,277. The stock has a fifty day moving average of $7.82 and a 200-day moving average of $9.71. The stock has a market cap of $1.34 billion, a PE ratio of 40.85, a PEG ratio of 1.06 and a beta of 1.55. The company has a current ratio of 3.71, a quick ratio of 3.71 and a debt-to-equity ratio of 0.07. Integral Ad Science Holding Corp. has a fifty-two week low of $6.26 and a fifty-two week high of $13.62.

Integral Ad Science (NASDAQ:IAS - Get Free Report) last released its quarterly earnings data on Monday, May 12th. The company reported $0.05 EPS for the quarter, beating the consensus estimate of $0.03 by $0.02. The company had revenue of $134.07 million for the quarter, compared to analyst estimates of $129.20 million. Integral Ad Science had a return on equity of 3.47% and a net margin of 6.39%. As a group, equities analysts expect that Integral Ad Science Holding Corp. will post 0.26 earnings per share for the current fiscal year.

Insider Buying and Selling at Integral Ad Science

In other news, CEO Lisa Utzschneider sold 8,367 shares of the firm's stock in a transaction dated Wednesday, May 7th. The shares were sold at an average price of $7.37, for a total value of $61,664.79. Following the transaction, the chief executive officer now directly owns 349,574 shares in the company, valued at approximately $2,576,360.38. This trade represents a 2.34% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders sold a total of 86,222 shares of company stock worth $636,252 in the last 90 days. 2.00% of the stock is owned by corporate insiders.

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.