Sunriver Management LLC Reduces Holdings in Integral Ad Science Holding Corp. (NASDAQ:IAS)

Sunriver Management LLC lessened its holdings in Integral Ad Science Holding Corp. (NASDAQ:IAS - Free Report) by 4.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,291,034 shares of the company's stock after selling 350,432 shares during the quarter. Integral Ad Science accounts for 9.1% of Sunriver Management LLC's investment portfolio, making the stock its 2nd largest position. Sunriver Management LLC owned approximately 4.48% of Integral Ad Science worth $76,118,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the business. Barclays PLC boosted its position in Integral Ad Science by 207.1% during the third quarter. Barclays PLC now owns 127,733 shares of the company's stock worth $1,380,000 after purchasing an additional 86,133 shares during the period. JPMorgan Chase & Co. grew its stake in Integral Ad Science by 47.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 717,528 shares of the company's stock valued at $7,756,000 after buying an additional 231,271 shares in the last quarter. Franklin Resources Inc. raised its holdings in Integral Ad Science by 12.9% during the 3rd quarter. Franklin Resources Inc. now owns 110,449 shares of the company's stock valued at $1,191,000 after acquiring an additional 12,647 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in shares of Integral Ad Science by 1.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 603,848 shares of the company's stock worth $6,304,000 after acquiring an additional 7,941 shares during the period. Finally, Handelsbanken Fonder AB purchased a new position in shares of Integral Ad Science in the fourth quarter valued at $162,000. 95.78% of the stock is currently owned by institutional investors.

Integral Ad Science Trading Up 1.7 %

Shares of IAS stock traded up $0.11 during mid-day trading on Friday, reaching $6.52. The stock had a trading volume of 1,064,614 shares, compared to its average volume of 1,117,708. The company has a current ratio of 3.71, a quick ratio of 3.71 and a debt-to-equity ratio of 0.07. The firm has a market capitalization of $1.07 billion, a PE ratio of 32.60, a price-to-earnings-growth ratio of 1.06 and a beta of 1.53. Integral Ad Science Holding Corp. has a 52-week low of $6.32 and a 52-week high of $13.62. The stock's 50-day moving average price is $8.85 and its two-hundred day moving average price is $10.10.

Integral Ad Science (NASDAQ:IAS - Get Free Report) last released its quarterly earnings data on Friday, February 28th. The company reported $0.09 earnings per share for the quarter, missing the consensus estimate of $0.12 by ($0.03). The business had revenue of $153.00 million during the quarter, compared to analysts' expectations of $148.83 million. Integral Ad Science had a return on equity of 3.47% and a net margin of 6.39%. The company's quarterly revenue was up 13.9% compared to the same quarter last year. During the same quarter last year, the business posted $0.06 EPS. Equities analysts expect that Integral Ad Science Holding Corp. will post 0.26 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

IAS has been the subject of several analyst reports. Truist Financial raised their target price on Integral Ad Science from $16.00 to $17.00 and gave the stock a "buy" rating in a research note on Monday, March 3rd. Scotiabank started coverage on shares of Integral Ad Science in a research note on Friday, February 28th. They issued a "sector perform" rating and a $12.00 target price on the stock. Barclays reaffirmed an "equal weight" rating on shares of Integral Ad Science in a report on Friday, February 28th. Morgan Stanley dropped their price target on Integral Ad Science from $13.50 to $12.50 and set an "equal weight" rating for the company in a research report on Thursday. Finally, Benchmark reissued a "hold" rating on shares of Integral Ad Science in a report on Friday, February 28th. Six equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat, Integral Ad Science presently has an average rating of "Moderate Buy" and a consensus target price of $14.35.

Insider Transactions at Integral Ad Science

In other news, CEO Lisa Utzschneider sold 8,547 shares of the firm's stock in a transaction that occurred on Monday, April 7th. The stock was 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 in the company, valued at $2,337,706.35. This trade represents a 2.44 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In the last ninety days, insiders sold 90,303 shares of company stock valued at $706,660. Company 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.