Integral Ad Science (NASDAQ:IAS) Price Target Cut to $12.50 by Analysts at Morgan Stanley

Integral Ad Science (NASDAQ:IAS - Free Report) had its price objective decreased by Morgan Stanley from $13.50 to $12.50 in a research note issued to investors on Thursday,Benzinga reports. Morgan Stanley currently has an equal weight rating on the stock.

Other research analysts also recently issued research reports about the company. Oppenheimer reaffirmed an "outperform" rating on shares of Integral Ad Science in a report on Friday, February 28th. Truist Financial raised their price target on Integral Ad Science from $16.00 to $17.00 and gave the company a "buy" rating in a report on Monday, March 3rd. Barclays restated an "equal weight" rating on shares of Integral Ad Science in a research report on Friday, February 28th. Baird R W cut shares of Integral Ad Science from a "strong-buy" rating to a "hold" rating in a research report on Friday, March 28th. Finally, Robert W. Baird restated a "neutral" rating and issued a $9.00 price objective (down from $16.00) on shares of Integral Ad Science in a report on Friday, March 28th. Six investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $13.75.

Integral Ad Science Stock Performance

NASDAQ IAS traded up $0.06 during trading on Thursday, hitting $6.44. The company's stock had a trading volume of 1,234,162 shares, compared to its average volume of 1,108,947. The firm has a 50 day moving average price of $8.76 and a 200 day moving average price of $10.07. The firm has a market cap of $1.05 billion, a P/E ratio of 32.20, a price-to-earnings-growth ratio of 1.06 and a beta of 1.53. The company has a quick ratio of 3.71, a current ratio of 3.71 and a debt-to-equity ratio of 0.07. Integral Ad Science has a 52 week low of $6.26 and a 52 week high of $13.62.

Integral Ad Science (NASDAQ:IAS - Get Free Report) last issued its quarterly earnings results on Friday, February 28th. The company reported $0.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.12 by ($0.03). The firm had revenue of $153.00 million for the quarter, compared to the consensus estimate of $148.83 million. Integral Ad Science had a net margin of 6.39% and a return on equity of 3.47%. The company's revenue was up 13.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.06 earnings per share. Equities research analysts forecast that Integral Ad Science will post 0.26 earnings per share for the current fiscal year.

Insider Transactions at Integral Ad Science

In other news, CEO Lisa Utzschneider sold 68,671 shares of the business's stock in a transaction dated Thursday, April 3rd. The stock was sold at an average price of $7.44, for a total value of $510,912.24. Following the transaction, the chief executive officer now directly owns 334,051 shares of the company's stock, valued at $2,485,339.44. The trade was a 17.05 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Over the last three months, insiders have sold 90,303 shares of company stock worth $706,660. Insiders own 2.00% of the company's stock.

Institutional Investors Weigh In On Integral Ad Science

Hedge funds have recently added to or reduced their stakes in the company. Public Employees Retirement System of Ohio purchased a new position in Integral Ad Science during the 3rd quarter worth $138,000. Barclays PLC increased its stake in Integral Ad Science by 207.1% in the 3rd quarter. Barclays PLC now owns 127,733 shares of the company's stock valued at $1,380,000 after buying an additional 86,133 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of Integral Ad Science by 6.4% during the 3rd quarter. Geode Capital Management LLC now owns 1,834,659 shares of the company's stock worth $19,836,000 after buying an additional 110,149 shares in the last quarter. Franklin Resources Inc. grew its holdings in shares of Integral Ad Science by 12.9% in the third 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 in the last quarter. Finally, JPMorgan Chase & Co. increased its position in shares of Integral Ad Science by 47.6% during the third quarter. JPMorgan Chase & Co. now owns 717,528 shares of the company's stock valued at $7,756,000 after acquiring an additional 231,271 shares during the last quarter. Institutional investors and hedge funds own 95.78% 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.