Millennium Management LLC Invests $669,000 in Integral Ad Science Holding Corp. (NASDAQ:IAS)

Millennium Management LLC bought a new position in shares of Integral Ad Science Holding Corp. (NASDAQ:IAS - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 64,124 shares of the company's stock, valued at approximately $669,000.

Several other large investors have also added to or reduced their stakes in the business. Jennison Associates LLC raised its position in shares of Integral Ad Science by 3.3% in the fourth quarter. Jennison Associates LLC now owns 63,538 shares of the company's stock valued at $663,000 after purchasing an additional 2,046 shares during the period. Stoneridge Investment Partners LLC lifted its position in shares of Integral Ad Science by 139.7% in the 4th quarter. Stoneridge Investment Partners LLC now owns 27,808 shares of the company's stock worth $290,000 after purchasing an additional 16,208 shares during the period. Rice Hall James & Associates LLC increased its stake in shares of Integral Ad Science by 89.2% in the 4th quarter. Rice Hall James & Associates LLC now owns 314,129 shares of the company's stock valued at $3,280,000 after acquiring an additional 148,082 shares in the last quarter. Handelsbanken Fonder AB acquired a new stake in Integral Ad Science in the 4th quarter valued at $162,000. Finally, Bank of New York Mellon Corp grew its holdings in shares of Integral Ad Science by 13.1% during the fourth quarter. Bank of New York Mellon Corp now owns 251,091 shares of the company's stock valued at $2,621,000 after buying an additional 29,145 shares during the last quarter. Institutional investors and hedge funds own 95.78% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on IAS. Truist Financial raised their price target on shares of Integral Ad Science from $16.00 to $17.00 and gave the company a "buy" rating in a research report on Monday, March 3rd. Morgan Stanley dropped their price target on shares of Integral Ad Science from $13.50 to $12.50 and set an "equal weight" rating on the stock in a research report on Thursday, April 17th. Baird R W lowered shares of Integral Ad Science from a "strong-buy" rating to a "hold" rating in a research report on Friday, March 28th. Stifel Nicolaus dropped their price target on shares of Integral Ad Science from $15.00 to $13.00 and set a "buy" rating on the stock in a research report on Wednesday, April 23rd. Finally, Scotiabank began coverage on shares of Integral Ad Science in a research report on Friday, February 28th. They set a "sector perform" rating and a $12.00 price target on the stock. Seven research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $13.55.

Integral Ad Science Stock Performance

Shares of IAS traded up $0.18 during trading hours on Wednesday, hitting $8.26. The company's stock had a trading volume of 932,103 shares, compared to its average volume of 997,793. The company has a market cap of $1.36 billion, a price-to-earnings ratio of 41.30, a PEG ratio of 1.06 and a beta of 1.59. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.71 and a quick ratio of 3.71. The business has a 50 day simple moving average of $7.47 and a two-hundred day simple moving average of $9.20. Integral Ad Science Holding Corp. has a 52-week low of $6.26 and a 52-week high of $13.62.

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

Insider Activity at Integral Ad Science

In other Integral Ad Science news, CEO Lisa Utzschneider sold 8,547 shares of the business's stock in a transaction that occurred on Monday, April 7th. The shares were sold at an average price of $6.85, for a total value of $58,546.95. Following the completion of the transaction, the chief executive officer now owns 341,271 shares of the company's stock, valued at $2,337,706.35. The trade was a 2.44% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Over the last 90 days, insiders sold 86,222 shares of company stock valued at $636,252. Corporate insiders own 2.00% of the company's stock.

Integral Ad Science 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.