Legato Capital Management LLC Trims Stock Position in Integral Ad Science Holding Corp. (NASDAQ:IAS)

Legato Capital Management LLC decreased its position in Integral Ad Science Holding Corp. (NASDAQ:IAS) by 23.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 38,725 shares of the company’s stock after selling 12,163 shares during the quarter. Legato Capital Management LLC’s holdings in Integral Ad Science were worth $404,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in IAS. Point72 DIFC Ltd purchased a new stake in Integral Ad Science in the third quarter valued at approximately $41,000. nVerses Capital LLC acquired a new position in shares of Integral Ad Science in the third quarter worth $45,000. Quantbot Technologies LP acquired a new position in shares of Integral Ad Science in the third quarter worth $106,000. Stoneridge Investment Partners LLC acquired a new position in shares of Integral Ad Science in the third quarter worth $125,000. Finally, Public Employees Retirement System of Ohio acquired a new position in shares of Integral Ad Science in the third quarter worth $138,000. Hedge funds and other institutional investors own 95.78% of the company’s stock.

Insider Buying and Selling at Integral Ad Science

In other news, CEO Lisa Utzschneider sold 12,448 shares of the company’s stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $10.61, for a total value of $132,073.28. Following the completion of the sale, the chief executive officer now directly owns 278,650 shares of the company’s stock, valued at approximately $2,956,476.50. This represents a 4.28 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders sold 19,109 shares of company stock worth $197,696 over the last 90 days. Corporate insiders own 2.00% of the company’s stock.

Integral Ad Science Stock Performance

NASDAQ IAS opened at $10.48 on Friday. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.71 and a quick ratio of 3.71. Integral Ad Science Holding Corp. has a 1 year low of $7.98 and a 1 year high of $17.53. The company has a market capitalization of $1.70 billion, a PE ratio of 52.40, a P/E/G ratio of 1.09 and a beta of 1.46. The company has a fifty day moving average of $10.39 and a two-hundred day moving average of $10.84.

Integral Ad Science (NASDAQ:IAS) last released its quarterly earnings data on Tuesday, November 12th. The company reported $0.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.08 by $0.02. Integral Ad Science had a net margin of 6.39% and a return on equity of 3.47%. The company had revenue of $133.50 million during the quarter, compared to the consensus estimate of $138.06 million. During the same quarter in the prior year, the firm posted ($0.09) earnings per share. Integral Ad Science’s revenue for the quarter was up 11.0% on a year-over-year basis. As a group, analysts expect that Integral Ad Science Holding Corp. will post 0.26 earnings per share for the current year.

Analysts Set New Price Targets

IAS has been the subject of several research reports. Scotiabank initiated coverage on shares of Integral Ad Science in a research note on Thursday, December 5th. They issued a “sector perform” rating and a $10.00 price target for the company. Benchmark restated a “hold” rating on shares of Integral Ad Science in a research note on Thursday, November 14th. Craig Hallum dropped their price target on shares of Integral Ad Science from $18.00 to $16.00 and set a “buy” rating for the company in a research note on Wednesday, November 13th. Piper Sandler lowered their target price on shares of Integral Ad Science from $18.00 to $16.00 and set an “overweight” rating for the company in a research note on Wednesday, November 13th. Finally, Truist Financial lowered their target price on shares of Integral Ad Science from $18.00 to $16.00 and set a “buy” rating for the company in a research note on Wednesday, November 13th. Four investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $14.80.

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.