Integral Ad Science (NASDAQ:IAS) Shares Gap Up After Better-Than-Expected Earnings

Integral Ad Science Holding Corp. (NASDAQ:IAS - Get Free Report)'s stock price gapped up before the market opened on Tuesday following a stronger than expected earnings report. The stock had previously closed at $8.15, but opened at $8.45. Integral Ad Science shares last traded at $8.59, with a volume of 85,262 shares.

The company reported $0.05 EPS for the quarter, beating the consensus estimate of $0.03 by $0.02. The company had revenue of $134.07 million during the quarter, compared to analysts' expectations of $129.20 million. Integral Ad Science had a return on equity of 3.47% and a net margin of 6.39%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on IAS shares. Stifel Nicolaus lowered their price target on Integral Ad Science from $15.00 to $13.00 and set a "buy" rating for the company in a report on Wednesday, April 23rd. Oppenheimer reaffirmed an "outperform" rating on shares of Integral Ad Science in a research report on Friday, February 28th. Truist Financial boosted their target price on Integral Ad Science from $16.00 to $17.00 and gave the stock a "buy" rating in a research report on Monday, March 3rd. Benchmark reaffirmed a "hold" rating on shares of Integral Ad Science in a research report on Friday, February 28th. Finally, Robert W. Baird reissued a "neutral" rating and issued a $9.00 price objective (down from $16.00) on shares of Integral Ad Science in a research note on Friday, March 28th. Six analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $13.55.

Insider Activity at Integral Ad Science

In related news, CEO Lisa Utzschneider sold 68,671 shares of the firm's stock in a transaction that occurred on Thursday, April 3rd. The stock was sold at an average price of $7.44, for a total transaction of $510,912.24. Following the completion of the transaction, the chief executive officer now owns 334,051 shares in the company, valued at $2,485,339.44. This trade represents a 17.05% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders sold a total of 86,222 shares of company stock worth $636,252 in the last 90 days. 2.00% of the stock is owned by company insiders.

Institutional Investors Weigh In On Integral Ad Science

A number of hedge funds and other institutional investors have recently bought and sold shares of IAS. Circumference Group LLC increased its stake in shares of Integral Ad Science by 10.5% in the 1st quarter. Circumference Group LLC now owns 210,000 shares of the company's stock valued at $1,693,000 after buying an additional 20,000 shares during the period. Corvex Management LP acquired a new stake in shares of Integral Ad Science during the first quarter worth $21,101,000. Alta Fox Capital Management LLC grew its stake in Integral Ad Science by 20,831.9% in the first quarter. Alta Fox Capital Management LLC now owns 1,214,053 shares of the company's stock valued at $9,785,000 after acquiring an additional 1,208,253 shares during the period. EP Wealth Advisors LLC acquired a new position in Integral Ad Science in the first quarter valued at about $223,000. Finally, PDT Partners LLC grew its stake in Integral Ad Science by 13.3% in the first quarter. PDT Partners LLC now owns 228,977 shares of the company's stock valued at $1,846,000 after acquiring an additional 26,945 shares during the period. 95.78% of the stock is owned by institutional investors and hedge funds.

Integral Ad Science Trading Down 0.1%

The company has a market capitalization of $1.33 billion, a P/E ratio of 40.23, a price-to-earnings-growth ratio of 1.06 and a beta of 1.55. The business has a fifty day moving average price of $7.70 and a 200 day moving average price of $9.66. The company has a quick ratio of 3.71, a current ratio of 3.71 and a debt-to-equity ratio of 0.07.

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.