Integral Ad Science (NASDAQ:IAS) Releases Quarterly Earnings Results, Hits Expectations

Integral Ad Science (NASDAQ:IASGet Rating) released its quarterly earnings data on Thursday. The company reported $0.01 EPS for the quarter, meeting the consensus estimate of $0.01, Fidelity Earnings reports. Integral Ad Science had a negative return on equity of 5.60% and a negative net margin of 14.03%. During the same quarter in the previous year, the firm earned ($0.25) EPS. Integral Ad Science updated its FY 2022 guidance to EPS and its Q3 2022 guidance to EPS.

Integral Ad Science Stock Performance

Shares of NASDAQ IAS traded down $0.83 during trading on Friday, hitting $9.02. The company had a trading volume of 1,156,182 shares, compared to its average volume of 515,809. The stock has a 50 day simple moving average of $10.36 and a 200 day simple moving average of $13.30. The company has a debt-to-equity ratio of 0.31, a quick ratio of 3.37 and a current ratio of 3.37. Integral Ad Science has a 12 month low of $8.52 and a 12 month high of $29.68. The firm has a market capitalization of $1.40 billion and a P/E ratio of -26.50.

Wall Street Analysts Forecast Growth

Several research firms recently commented on IAS. Morgan Stanley dropped their price objective on Integral Ad Science from $15.00 to $13.00 and set an “overweight” rating on the stock in a research report on Friday, June 24th. Oppenheimer dropped their price objective on Integral Ad Science from $24.00 to $19.00 in a research report on Thursday, May 12th. Jefferies Financial Group dropped their target price on Integral Ad Science from $18.00 to $15.00 in a research report on Thursday. Finally, Barclays dropped their target price on Integral Ad Science from $17.00 to $12.00 in a research report on Thursday, May 12th. One equities research analyst has rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Buy” and an average price target of $21.13.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in IAS. JPMorgan Chase & Co. raised its stake in shares of Integral Ad Science by 286.0% in the first quarter. JPMorgan Chase & Co. now owns 119,294 shares of the company’s stock worth $1,646,000 after buying an additional 88,390 shares during the period. Bank of New York Mellon Corp raised its stake in Integral Ad Science by 74.3% during the 1st quarter. Bank of New York Mellon Corp now owns 87,728 shares of the company’s stock valued at $1,210,000 after purchasing an additional 37,393 shares during the period. Bank of Montreal Can raised its stake in Integral Ad Science by 3.5% during the 1st quarter. Bank of Montreal Can now owns 149,859 shares of the company’s stock valued at $2,155,000 after purchasing an additional 5,018 shares during the period. MetLife Investment Management LLC raised its stake in Integral Ad Science by 185.3% during the 1st quarter. MetLife Investment Management LLC now owns 19,760 shares of the company’s stock valued at $273,000 after purchasing an additional 12,835 shares during the period. Finally, Rhumbline Advisers raised its stake in Integral Ad Science by 112.4% during the 1st quarter. Rhumbline Advisers now owns 33,014 shares of the company’s stock valued at $456,000 after purchasing an additional 17,470 shares during the period.

Integral Ad Science Company Profile

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Integral Ad Science Holding Corp. operates as a digital advertising verification company in the United States, the United Kingdom, Germany, Italy, Spain, Sweden, Singapore, Australia, France, Japan, Canada, India, and Brazil. The company provides IAS Signal, a cloud-based technology platform that 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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Earnings History for Integral Ad Science (NASDAQ:IAS)

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