Integral Ad Science Holding Corp. (NASDAQ:IAS) Given Average Rating of “Buy” by Brokerages

Shares of Integral Ad Science Holding Corp. (NASDAQ:IAS) have been given a consensus rating of “Buy” by the eight research firms that are currently covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a hold rating and seven have given a buy rating to the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $24.38.

Several analysts recently issued reports on IAS shares. Raymond James started coverage on shares of Integral Ad Science in a report on Monday, July 26th. They set an “outperform” rating and a $22.00 price objective for the company. Morgan Stanley upped their price objective on shares of Integral Ad Science from $23.00 to $24.00 and gave the stock an “overweight” rating in a report on Friday, August 13th. Barclays upped their price objective on shares of Integral Ad Science from $21.00 to $22.00 and gave the stock an “equal weight” rating in a report on Friday, August 13th. Oppenheimer reiterated an “outperform” rating and set a $23.00 target price on shares of Integral Ad Science in a research note on Monday, July 26th. Finally, Wells Fargo & Company began coverage on shares of Integral Ad Science in a research note on Monday, July 26th. They set an “overweight” rating and a $26.00 target price for the company.

A number of large investors have recently modified their holdings of the business. Marshall Wace North America L.P. bought a new position in shares of Integral Ad Science in the 2nd quarter valued at about $3,087,000. Morgan Stanley bought a new position in shares of Integral Ad Science in the 2nd quarter valued at about $690,000. Blackstone Inc bought a new position in shares of Integral Ad Science in the 2nd quarter valued at about $5,145,000. Walleye Capital LLC bought a new position in shares of Integral Ad Science in the 2nd quarter valued at about $2,675,000. Finally, Washington Harbour Partners LP bought a new position in Integral Ad Science during the 2nd quarter worth approximately $206,000. 93.28% of the stock is currently owned by hedge funds and other institutional investors.

IAS traded up $0.15 on Friday, reaching $23.02. 7,454 shares of the company traded hands, compared to its average volume of 500,813. The business has a 50 day moving average price of $20.98. Integral Ad Science has a 52-week low of $16.23 and a 52-week high of $26.12. The company has a debt-to-equity ratio of 0.81, a quick ratio of 3.35 and a current ratio of 3.35.

Integral Ad Science (NASDAQ:IAS) last announced its quarterly earnings data on Thursday, August 12th. The company reported ($0.25) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.03) by ($0.22). The company had revenue of $75.08 million for the quarter, compared to analysts’ expectations of $70.55 million. On average, equities analysts forecast that Integral Ad Science will post -0.34 earnings per share for the current fiscal year.

Integral Ad Science Company Profile

Integral Ad Science Holding LLC operates as a digital advertising verification company in the United States, the United Kingdom, Germany, Italy, Spain, Sweden, Singapore, Australia, France, Japan, Canada, Hong Kong, and Brazil. The company's cloud-based technology platform offers actionable insights and deliver independent measurement and verification of digital advertising across devices, channels, and formats, including desktop, mobile, connected TV, social, display, and video.

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Analyst Recommendations for Integral Ad Science (NASDAQ:IAS)

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