CenterBook Partners LP Sells 367,164 Shares of Integral Ad Science Holding Corp. (NASDAQ:IAS)

CenterBook Partners LP reduced its position in Integral Ad Science Holding Corp. (NASDAQ:IAS - Free Report) by 36.0% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 651,880 shares of the company's stock after selling 367,164 shares during the quarter. CenterBook Partners LP owned approximately 0.40% of Integral Ad Science worth $5,254,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently made changes to their positions in the company. MetLife Investment Management LLC lifted its stake in Integral Ad Science by 10.1% in the 4th quarter. MetLife Investment Management LLC now owns 44,921 shares of the company's stock worth $469,000 after purchasing an additional 4,123 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in Integral Ad Science by 1.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 603,848 shares of the company's stock worth $6,304,000 after buying an additional 7,941 shares during the last quarter. Swiss National Bank boosted its stake in shares of Integral Ad Science by 12.9% in the 4th quarter. Swiss National Bank now owns 158,700 shares of the company's stock valued at $1,657,000 after purchasing an additional 18,100 shares in the last quarter. Vanguard Group Inc. boosted its position in Integral Ad Science by 2.3% during the fourth quarter. Vanguard Group Inc. now owns 9,048,546 shares of the company's stock valued at $94,467,000 after buying an additional 205,562 shares during the period. Finally, Raymond James Financial Inc. bought a new position in Integral Ad Science during the 4th quarter worth approximately $807,000. 95.78% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

IAS has been the topic of a number of recent analyst reports. Stifel Nicolaus cut 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 report on Wednesday, April 23rd. Wall Street Zen raised Integral Ad Science from a "hold" rating to a "buy" rating in a research note on Saturday, June 14th. Baird R W downgraded shares of Integral Ad Science from a "strong-buy" rating to a "hold" rating in a research report on Friday, March 28th. Robert W. Baird restated a "neutral" rating and issued a $9.00 price objective (down from $16.00) on shares of Integral Ad Science in a report on Friday, March 28th. Finally, Raymond James Financial lifted their target price on shares of Integral Ad Science from $11.00 to $13.00 and gave the company an "outperform" rating in a research note on Tuesday, May 13th. Six research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $13.55.

Insider Buying and Selling at Integral Ad Science

In other Integral Ad Science news, CEO Lisa Utzschneider sold 14,904 shares of the company's stock in a transaction dated Tuesday, July 8th. The stock was sold at an average price of $8.31, for a total value of $123,852.24. Following the completion of the sale, the chief executive officer owned 379,316 shares in the company, valued at $3,152,115.96. This represents a 3.78% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In the last 90 days, insiders have sold 33,518 shares of company stock worth $270,739. Company insiders own 2.00% of the company's stock.

Integral Ad Science Stock Up 1.8%

IAS traded up $0.14 during midday trading on Wednesday, reaching $8.04. The company's stock had a trading volume of 541,716 shares, compared to its average volume of 954,331. Integral Ad Science Holding Corp. has a 1 year low of $6.26 and a 1 year high of $13.62. The stock's 50-day moving average is $8.11 and its 200-day moving average is $8.75. The firm has a market capitalization of $1.33 billion, a price-to-earnings ratio of 27.72, a PEG ratio of 1.35 and a beta of 1.57. The company has a current ratio of 4.01, a quick ratio of 4.01 and a debt-to-equity ratio of 0.01.

Integral Ad Science (NASDAQ:IAS - Get Free Report) last issued its quarterly earnings results on Monday, May 12th. The company reported $0.05 earnings per share for the quarter, beating 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 return on equity of 4.74% and a net margin of 8.56%. As a group, research analysts expect that Integral Ad Science Holding Corp. will post 0.26 EPS for the current year.

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.