abrdn plc Makes New Investment in Integral Ad Science Holding Corp. (NASDAQ:IAS)

abrdn plc acquired a new stake in shares of Integral Ad Science Holding Corp. (NASDAQ:IAS - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 1,757,114 shares of the company's stock, valued at approximately $25,285,000. abrdn plc owned approximately 1.11% of Integral Ad Science as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Amalgamated Bank lifted its position in Integral Ad Science by 19.9% in the third quarter. Amalgamated Bank now owns 6,951 shares of the company's stock worth $83,000 after purchasing an additional 1,156 shares during the period. American Trust lifted its holdings in shares of Integral Ad Science by 10.8% during the third quarter. American Trust now owns 13,328 shares of the company's stock valued at $158,000 after acquiring an additional 1,302 shares during the period. Strs Ohio lifted its holdings in shares of Integral Ad Science by 6.5% during the third quarter. Strs Ohio now owns 37,800 shares of the company's stock valued at $449,000 after acquiring an additional 2,300 shares during the period. Quantbot Technologies LP lifted its holdings in shares of Integral Ad Science by 7.1% during the third quarter. Quantbot Technologies LP now owns 37,224 shares of the company's stock valued at $443,000 after acquiring an additional 2,472 shares during the period. Finally, State Board of Administration of Florida Retirement System lifted its holdings in shares of Integral Ad Science by 27.4% during the third quarter. State Board of Administration of Florida Retirement System now owns 13,670 shares of the company's stock valued at $163,000 after acquiring an additional 2,940 shares during the period. Institutional investors own 95.78% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on IAS. Piper Sandler cut their price objective on Integral Ad Science from $20.00 to $18.00 and set an "overweight" rating for the company in a report on Wednesday, February 28th. Oppenheimer cut their price target on Integral Ad Science from $25.00 to $20.00 and set an "outperform" rating for the company in a report on Wednesday, February 28th. Morgan Stanley reaffirmed an "equal weight" rating and issued a $12.00 price target (down from $18.00) on shares of Integral Ad Science in a report on Tuesday, April 16th. Barclays cut their price target on Integral Ad Science from $16.00 to $12.00 and set an "equal weight" rating for the company in a report on Monday, April 15th. Finally, Raymond James cut Integral Ad Science from a "strong-buy" rating to an "outperform" rating and cut their price target for the company from $20.00 to $16.00 in a report on Wednesday, February 28th. Three analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $17.58.

Integral Ad Science Trading Down 0.1 %

IAS stock traded down $0.01 during midday trading on Wednesday, reaching $9.56. The stock had a trading volume of 1,220,516 shares, compared to its average volume of 1,743,262. The business has a fifty day simple moving average of $10.89 and a two-hundred day simple moving average of $12.97. The company has a quick ratio of 3.21, a current ratio of 3.21 and a debt-to-equity ratio of 0.17. The firm has a market cap of $1.53 billion, a price-to-earnings ratio of 239.06, a PEG ratio of 1.59 and a beta of 1.60. Integral Ad Science Holding Corp. has a twelve month low of $8.92 and a twelve month high of $20.88.

Integral Ad Science (NASDAQ:IAS - Get Free Report) last announced its quarterly earnings data on Tuesday, February 27th. The company reported $0.06 EPS for the quarter, topping analysts' consensus estimates of $0.03 by $0.03. The firm had revenue of $134.30 million during the quarter, compared to analyst estimates of $131.27 million. Integral Ad Science had a return on equity of 0.83% and a net margin of 1.53%. The company's revenue was up 14.4% on a year-over-year basis. During the same period last year, the company earned $0.07 earnings per share. As a group, research analysts expect that Integral Ad Science Holding Corp. will post 0.16 EPS for the current fiscal year.

Insider Transactions at Integral Ad Science

In other news, CEO Lisa Utzschneider sold 13,113 shares of the business's stock in a transaction dated Tuesday, February 6th. The stock was sold at an average price of $15.79, for a total transaction of $207,054.27. Following the completion of the transaction, the chief executive officer now directly owns 148,657 shares in the company, valued at approximately $2,347,294.03. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, CEO Lisa Utzschneider sold 13,113 shares of the business's stock in a transaction that occurred on Tuesday, February 6th. The stock was sold at an average price of $15.79, for a total value of $207,054.27. Following the completion of the transaction, the chief executive officer now directly owns 148,657 shares in the company, valued at approximately $2,347,294.03. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Alexis Gil II sold 3,177 shares of the business's stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $10.24, for a total value of $32,532.48. Following the completion of the transaction, the chief accounting officer now owns 120,195 shares of the company's stock, valued at $1,230,796.80. The disclosure for this sale can be found here. In the last ninety days, insiders sold 80,195 shares of company stock worth $876,562. 2.00% of the stock is currently owned by company insiders.

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.