Corvex Management LP Makes New Investment in Integral Ad Science Holding Corp. $IAS

Key Points

• Corvex Management LP has acquired a new stake in Integral Ad Science Holding Corp., purchasing 2,618,000 shares valued at approximately $21.10 million, which represents around 0.8% of its investment portfolio.
• Integral Ad Science reported earnings per share (EPS) of $0.07 for the last quarter, exceeding analysts' estimates of $0.04, with revenue reaching $149.20 million.
• Hedge funds and other institutional investors hold approximately 95.78% of the company's stock, indicating strong institutional support.

Corvex Management LP bought a new stake in shares of Integral Ad Science Holding Corp. (NASDAQ:IAS - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 2,618,000 shares of the company's stock, valued at approximately $21,101,000. Integral Ad Science makes up about 0.8% of Corvex Management LP's investment portfolio, making the stock its 24th biggest position. Corvex Management LP owned approximately 1.59% of Integral Ad Science as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Nuveen LLC acquired a new position in shares of Integral Ad Science in the first quarter worth about $10,897,000. Alta Fox Capital Management LLC raised its holdings in Integral Ad Science by 20,831.9% in the 1st quarter. Alta Fox Capital Management LLC now owns 1,214,053 shares of the company's stock worth $9,785,000 after purchasing an additional 1,208,253 shares during the period. Cubist Systematic Strategies LLC purchased a new position in Integral Ad Science during the first quarter worth approximately $7,441,000. Sunriver Management LLC grew its holdings in Integral Ad Science by 12.0% in the first quarter. Sunriver Management LLC now owns 8,166,774 shares of the company's stock valued at $65,824,000 after purchasing an additional 875,740 shares during the period. Finally, Clearline Capital LP purchased a new stake in shares of Integral Ad Science in the fourth quarter valued at approximately $3,949,000. 95.78% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Integral Ad Science news, CEO Lisa Utzschneider sold 9,922 shares of the business's stock in a transaction that occurred on Wednesday, August 6th. The stock was sold at an average price of $8.12, for a total value of $80,566.64. Following the sale, the chief executive officer owned 380,557 shares of the company's stock, valued at $3,090,122.84. The trade was a 2.54% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In the last three months, insiders have sold 35,073 shares of company stock valued at $289,641. 2.00% of the stock is currently owned by company insiders.

Integral Ad Science Trading Up 1.0%

IAS traded up $0.09 on Monday, hitting $8.81. The company had a trading volume of 904,152 shares, compared to its average volume of 1,011,500. The company's fifty day moving average price is $8.54 and its 200 day moving average price is $8.29. Integral Ad Science Holding Corp. has a 1 year low of $6.26 and a 1 year high of $13.62. The firm has a market cap of $1.46 billion, a P/E ratio of 25.91, a PEG ratio of 1.24 and a beta of 1.57.

Integral Ad Science (NASDAQ:IAS - Get Free Report) last announced its earnings results on Thursday, August 7th. The company reported $0.07 earnings per share for the quarter, topping the consensus estimate of $0.04 by $0.03. The company had revenue of $149.20 million during the quarter, compared to analyst estimates of $143.02 million. Integral Ad Science had a net margin of 9.79% and a return on equity of 5.00%. Integral Ad Science has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. On average, analysts predict that Integral Ad Science Holding Corp. will post 0.26 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on IAS. Raymond James Financial decreased their target price on Integral Ad Science from $13.00 to $11.00 and set an "outperform" rating on the stock in a research report on Friday, August 8th. Wall Street Zen raised shares of Integral Ad Science from a "hold" rating to a "buy" rating in a report on Sunday, August 10th. Stifel Nicolaus boosted their target price on shares of Integral Ad Science from $13.00 to $14.00 and gave the stock a "buy" rating in a research note on Tuesday, July 22nd. Finally, Barclays upped their price target on shares of Integral Ad Science from $9.00 to $10.00 and gave the stock an "equal weight" rating in a research report on Friday, August 8th. Six research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $13.55.

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.