ClearAlpha Technologies LP Acquires New Stake in Integral Ad Science Holding Corp. (NASDAQ:IAS)

ClearAlpha Technologies LP bought a new position in Integral Ad Science Holding Corp. (NASDAQ:IAS) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 13,670 shares of the company’s stock, valued at approximately $143,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of IAS. Jennison Associates LLC boosted its position in shares of Integral Ad Science by 3.3% in the 4th quarter. Jennison Associates LLC now owns 63,538 shares of the company’s stock worth $663,000 after purchasing an additional 2,046 shares in the last quarter. Oppenheimer & Co. Inc. grew its stake in shares of Integral Ad Science by 8.0% during the 4th quarter. Oppenheimer & Co. Inc. now owns 28,040 shares of the company’s stock worth $293,000 after purchasing an additional 2,069 shares during the period. Envestnet Asset Management Inc. grew its position in Integral Ad Science by 7.4% during the fourth quarter. Envestnet Asset Management Inc. now owns 31,807 shares of the company’s stock valued at $332,000 after buying an additional 2,188 shares during the period. Arizona State Retirement System increased its stake in shares of Integral Ad Science by 12.5% in the 4th quarter. Arizona State Retirement System now owns 23,404 shares of the company’s stock valued at $244,000 after purchasing an additional 2,601 shares in the last quarter. Finally, Victory Capital Management Inc. increased its position in shares of Integral Ad Science by 8.9% in the fourth quarter. Victory Capital Management Inc. now owns 32,880 shares of the company’s stock valued at $343,000 after buying an additional 2,695 shares in the last quarter. Institutional investors own 95.78% of the company’s stock.

Insider Buying and Selling at Integral Ad Science

In other Integral Ad Science news, CEO Lisa Utzschneider sold 68,671 shares of the stock in a transaction on Thursday, April 3rd. The shares were sold at an average price of $7.44, for a total transaction of $510,912.24. Following the transaction, the chief executive officer now directly owns 334,051 shares in the company, valued at $2,485,339.44. This represents a 17.05 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders sold a total of 90,303 shares of company stock valued at $706,660 in the last ninety days. Insiders own 2.00% of the company’s stock.

Integral Ad Science Stock Down 2.1 %

IAS opened at $6.38 on Tuesday. The company has a market cap of $1.05 billion, a PE ratio of 31.90, a price-to-earnings-growth ratio of 1.06 and a beta of 1.53. 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 Holding Corp. has a 1 year low of $6.26 and a 1 year high of $13.62. The firm has a 50 day moving average price of $8.76 and a 200 day moving average price of $10.07.

Integral Ad Science (NASDAQ:IAS) last posted its 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 business had revenue of $153.00 million for the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.06 EPS. Sell-side analysts expect that Integral Ad Science Holding Corp. will post 0.26 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the company. Robert W. Baird reiterated a “neutral” rating and issued a $9.00 price objective (down from $16.00) on shares of Integral Ad Science in a report on Friday, March 28th. Barclays reduced their target price on shares of Integral Ad Science from $14.00 to $7.00 and set an “equal weight” rating on the stock in a research note on Monday. Benchmark reaffirmed a “hold” rating on shares of Integral Ad Science in a research note on Friday, February 28th. Baird R W cut shares of Integral Ad Science from a “strong-buy” rating to a “hold” rating in a research report on Friday, March 28th. Finally, Truist Financial raised their target price on Integral Ad Science from $16.00 to $17.00 and gave the company a “buy” rating in a report on Monday, March 3rd. Six research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $13.75.

Integral Ad Science Company Profile

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.