Integral Ad Science Holding Corp. (NASDAQ:IAS) Shares Acquired by Envestnet Asset Management Inc.

Key Points

• Envestnet Asset Management significantly increased its stake in Integral Ad Science Holding Corp. by 165.6%, now owning a total of 84,471 shares worth approximately $681,000.
• Several institutional investors, including Vanguard Group and Wells Fargo, have also boosted their positions in Integral Ad Science, contributing to a total institutional ownership of 95.78%.
• Analyst ratings for Integral Ad Science show seven hold ratings and six buy ratings, with the stock currently having an average target price of $13.65.

Envestnet Asset Management Inc. lifted its stake in shares of Integral Ad Science Holding Corp. (NASDAQ:IAS - Free Report) by 165.6% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 84,471 shares of the company's stock after acquiring an additional 52,664 shares during the quarter. Envestnet Asset Management Inc. owned approximately 0.05% of Integral Ad Science worth $681,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. State of Wyoming purchased a new position in Integral Ad Science during the fourth quarter valued at approximately $51,000. Alta Fox Capital Management LLC purchased a new position in Integral Ad Science during the fourth quarter valued at approximately $61,000. Teacher Retirement System of Texas purchased a new position in Integral Ad Science during the first quarter valued at approximately $96,000. BNP Paribas Financial Markets purchased a new position in Integral Ad Science in the fourth quarter worth $120,000. Finally, Sherbrooke Park Advisers LLC purchased a new position in Integral Ad Science in the fourth quarter worth $132,000. 95.78% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

IAS has been the topic of several analyst reports. Barclays lifted 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 report on Friday. Morgan Stanley cut 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 report on Thursday, April 17th. Raymond James Financial cut their price target on shares of Integral Ad Science from $13.00 to $11.00 and set an "outperform" rating on the stock in a report on Friday. Stifel Nicolaus lifted their price target on shares of Integral Ad Science from $13.00 to $14.00 and gave the stock a "buy" rating in a report on Tuesday, July 22nd. Finally, Wall Street Zen lowered shares of Integral Ad Science from a "buy" rating to a "hold" rating in a report on Saturday, August 2nd. Seven research analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, Integral Ad Science currently has an average rating of "Hold" and an average target price of $13.55.

Insider Transactions at Integral Ad Science

In related news, CEO Lisa Utzschneider sold 14,904 shares of the business's stock in a transaction on Tuesday, July 8th. The shares were sold at an average price of $8.31, for a total transaction of $123,852.24. Following the completion of the transaction, the chief executive officer directly owned 379,316 shares in the company, valued at $3,152,115.96. The trade was a 3.78% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders have sold 25,151 shares of company stock worth $209,075 in the last three months. Insiders own 2.00% of the company's stock.

Integral Ad Science Stock Performance

Shares of NASDAQ:IAS traded up $0.93 on Friday, hitting $8.89. 1,474,805 shares of the company were exchanged, compared to its average volume of 1,026,525. 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 price is $8.19 and its 200 day moving average price is $8.54. The company has a current ratio of 4.01, a quick ratio of 4.01 and a debt-to-equity ratio of 0.01. The firm has a market capitalization of $1.47 billion, a P/E ratio of 30.64, a price-to-earnings-growth ratio of 1.38 and a beta of 1.57.

Integral Ad Science (NASDAQ:IAS - Get Free Report) last posted its quarterly earnings data on Monday, May 12th. The company reported $0.05 EPS for the quarter, topping the consensus estimate of $0.03 by $0.02. The business 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 8.56% and a return on equity of 4.74%. Sell-side analysts predict that Integral Ad Science Holding Corp. will post 0.26 EPS for the current year.

About Integral Ad Science

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.