Circumference Group LLC Buys 40,000 Shares of Integral Ad Science Holding Corp. (NASDAQ:IAS)

Circumference Group LLC lifted its holdings in shares of Integral Ad Science Holding Corp. (NASDAQ:IAS - Free Report) by 26.7% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 190,000 shares of the company's stock after purchasing an additional 40,000 shares during the quarter. Integral Ad Science comprises about 1.7% of Circumference Group LLC's holdings, making the stock its 22nd biggest holding. Circumference Group LLC owned about 0.12% of Integral Ad Science worth $1,984,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in IAS. Alta Fox Capital Management LLC acquired a new position in shares of Integral Ad Science in the 4th quarter valued at $61,000. BNP Paribas Financial Markets purchased a new position in Integral Ad Science in the 4th quarter valued at $120,000. ClearAlpha Technologies LP acquired a new position in Integral Ad Science during the fourth quarter worth $143,000. PEAK6 LLC purchased a new stake in shares of Integral Ad Science during the 4th quarter worth $146,000. Finally, Handelsbanken Fonder AB purchased a new stake in shares of Integral Ad Science during the 4th quarter worth $162,000. Hedge funds and other institutional investors own 95.78% of the company's stock.

Analyst Upgrades and Downgrades

IAS has been the topic of a number of research reports. Baird R W cut shares of Integral Ad Science from a "strong-buy" rating to a "hold" rating in a research note on Friday, March 28th. Raymond James upped their target price on shares of Integral Ad Science from $11.00 to $13.00 and gave the company an "outperform" rating in a report on Tuesday. Truist Financial increased their price objective on shares of Integral Ad Science from $16.00 to $17.00 and gave the stock a "buy" rating in a report on Monday, March 3rd. Stifel Nicolaus dropped their price objective on shares of Integral Ad Science from $15.00 to $13.00 and set a "buy" rating on the stock in a research note on Wednesday, April 23rd. Finally, Benchmark reissued a "hold" rating on shares of Integral Ad Science in a research report on Friday, February 28th. Six analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $13.55.

Integral Ad Science Price Performance

Shares of NASDAQ:IAS traded up $0.02 during midday trading on Tuesday, reaching $8.17. The company's stock had a trading volume of 1,468,702 shares, compared to its average volume of 1,021,407. Integral Ad Science Holding Corp. has a fifty-two week low of $6.26 and a fifty-two week high of $13.62. The company has a market capitalization of $1.34 billion, a P/E ratio of 40.85, a P/E/G ratio of 1.06 and a beta of 1.55. 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 business's fifty day simple moving average is $7.82 and its 200-day simple moving average is $9.71.

Integral Ad Science (NASDAQ:IAS - Get Free Report) last announced its quarterly earnings data on Monday, May 12th. The company reported $0.05 EPS for the quarter, topping 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 firm had revenue of $134.07 million during the quarter, compared to analyst estimates of $129.20 million. As a group, equities research analysts expect that Integral Ad Science Holding Corp. will post 0.26 EPS for the current fiscal year.

Insider Activity

In related news, CEO Lisa Utzschneider sold 8,547 shares of the business'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 transaction of $58,546.95. Following the transaction, the chief executive officer now directly owns 341,271 shares of the company's stock, valued at approximately $2,337,706.35. The trade was a 2.44% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders have sold 86,222 shares of company stock worth $636,252 in the last 90 days. Corporate insiders own 2.00% of the company's stock.

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.