Ameriprise Financial Inc. Has $11.51 Million Stake in Integral Ad Science Holding Corp. (NASDAQ:IAS)

Ameriprise Financial Inc. cut its stake in Integral Ad Science Holding Corp. (NASDAQ:IAS - Free Report) by 3.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,102,299 shares of the company's stock after selling 35,642 shares during the quarter. Ameriprise Financial Inc. owned 0.68% of Integral Ad Science worth $11,508,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Franklin Resources Inc. lifted its holdings in Integral Ad Science by 12.9% during the third quarter. Franklin Resources Inc. now owns 110,449 shares of the company's stock worth $1,191,000 after acquiring an additional 12,647 shares in the last quarter. MetLife Investment Management LLC lifted its holdings in shares of Integral Ad Science by 10.1% during the 4th quarter. MetLife Investment Management LLC now owns 44,921 shares of the company's stock valued at $469,000 after purchasing an additional 4,123 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of Integral Ad Science by 1.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 603,848 shares of the company's stock valued at $6,304,000 after purchasing an additional 7,941 shares in the last quarter. Handelsbanken Fonder AB acquired a new position in shares of Integral Ad Science in the 4th quarter valued at approximately $162,000. Finally, Swiss National Bank increased its stake in Integral Ad Science by 12.9% during the 4th quarter. Swiss National Bank now owns 158,700 shares of the company's stock worth $1,657,000 after purchasing an additional 18,100 shares in the last quarter. 95.78% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, CEO Lisa Utzschneider sold 68,671 shares of the business's stock in a transaction dated Thursday, April 3rd. The shares were sold at an average price of $7.44, for a total transaction of $510,912.24. Following the transaction, the chief executive officer now directly owns 334,051 shares in the company, valued at $2,485,339.44. The trade was a 17.05% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In the last 90 days, insiders sold 86,222 shares of company stock valued at $636,252. 2.00% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on IAS. Wall Street Zen lowered shares of Integral Ad Science from a "buy" rating to a "hold" rating in a research note on Thursday. Morgan Stanley cut their price objective 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. Raymond James upped their target price on shares of Integral Ad Science from $11.00 to $13.00 and gave the stock an "outperform" rating in a research note on Tuesday, May 13th. Truist Financial increased their target price on Integral Ad Science from $16.00 to $17.00 and gave the stock a "buy" rating in a report on Monday, March 3rd. Finally, Stifel Nicolaus cut their price target on Integral Ad Science from $15.00 to $13.00 and set a "buy" rating on the stock in a report on Wednesday, April 23rd. 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, Integral Ad Science has an average rating of "Hold" and an average price target of $13.55.

Integral Ad Science Stock Up 1.4%

NASDAQ:IAS traded up $0.11 on Thursday, hitting $8.00. 1,736,355 shares of the company's stock were exchanged, compared to its average volume of 1,044,132. The firm has a 50-day moving average price of $7.60 and a 200-day moving average price of $9.55. Integral Ad Science Holding Corp. has a 52 week low of $6.26 and a 52 week high of $13.62. 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 company has a market cap of $1.32 billion, a P/E ratio of 40.00, a price-to-earnings-growth ratio of 1.06 and a beta of 1.55.

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