Vestcor Inc Makes New Investment in Integral Ad Science Holding Corp. (NASDAQ:IAS)

Vestcor Inc bought a new position in shares of Integral Ad Science Holding Corp. (NASDAQ:IAS) in the fourth quarter, Holdings Channel.com reports. The firm bought 150,000 shares of the company’s stock, valued at approximately $1,566,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in IAS. JPMorgan Chase & Co. lifted its holdings in shares of Integral Ad Science by 47.6% in the third quarter. JPMorgan Chase & Co. now owns 717,528 shares of the company’s stock worth $7,756,000 after buying an additional 231,271 shares in the last quarter. Invenomic Capital Management LP lifted its holdings in shares of Integral Ad Science by 57.4% in the third quarter. Invenomic Capital Management LP now owns 585,309 shares of the company’s stock worth $6,327,000 after buying an additional 213,488 shares in the last quarter. Washington Harbour Partners LP purchased a new stake in shares of Integral Ad Science in the third quarter worth about $1,744,000. Repertoire Partners LP purchased a new stake in shares of Integral Ad Science in the third quarter worth about $1,676,000. Finally, Rice Hall James & Associates LLC lifted its holdings in shares of Integral Ad Science by 89.2% in the fourth quarter. Rice Hall James & Associates LLC now owns 314,129 shares of the company’s stock worth $3,280,000 after buying an additional 148,082 shares in the last quarter. Institutional investors own 95.78% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the stock. Oppenheimer reaffirmed an “outperform” rating on shares of Integral Ad Science in a research note on Friday, February 28th. Barclays reissued an “equal weight” rating on shares of Integral Ad Science in a research note on Friday, February 28th. Benchmark reissued a “hold” rating on shares of Integral Ad Science in a research note on Friday, February 28th. Scotiabank initiated coverage on shares of Integral Ad Science in a research note on Friday, February 28th. They set a “sector perform” rating and a $12.00 price target on the stock. Finally, Truist Financial lifted their price target on shares of Integral Ad Science from $16.00 to $17.00 and gave the stock a “buy” rating in a research note on Monday, March 3rd. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat, Integral Ad Science currently has a consensus rating of “Moderate Buy” and an average target price of $15.06.

Insider Activity at Integral Ad Science

In related news, CEO Lisa Utzschneider sold 12,448 shares of Integral Ad Science stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $10.61, for a total value of $132,073.28. Following the sale, the chief executive officer now owns 278,650 shares in the company, valued at $2,956,476.50. The trade was a 4.28 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders have sold a total of 19,109 shares of company stock worth $197,696 over the last quarter. Corporate insiders own 2.00% of the company’s stock.

Integral Ad Science Stock Down 0.3 %

Shares of Integral Ad Science stock opened at $9.03 on Friday. The stock has a market capitalization of $1.48 billion, a price-to-earnings ratio of 45.15, a P/E/G ratio of 1.06 and a beta of 1.45. The company’s 50 day moving average price is $10.22 and its 200-day moving average price is $10.73. Integral Ad Science Holding Corp. has a 52-week low of $7.98 and a 52-week high of $13.62. The company has a debt-to-equity ratio of 0.07, a quick ratio of 3.71 and a current ratio of 3.71.

Integral Ad Science (NASDAQ:IAS) last released its quarterly earnings results on Friday, February 28th. The company reported $0.09 earnings per share for the quarter, missing the consensus estimate of $0.12 by ($0.03). The company had revenue of $153.00 million during 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 business’s revenue was up 13.9% on a year-over-year basis. During the same quarter last year, the firm earned $0.06 EPS. Equities research analysts forecast that Integral Ad Science Holding Corp. will post 0.26 EPS for the current year.

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.