Integral Ad Science (NASDAQ:IAS) Releases Earnings Results, Beats Estimates By $0.03 EPS

Integral Ad Science (NASDAQ:IAS) posted its quarterly earnings results on Thursday. The company reported $0.05 earnings per share for the quarter, beating analysts’ consensus estimates of $0.02 by $0.03, Briefing.com reports. The company had revenue of $129.01 million for the quarter, compared to analysts’ expectations of $126.31 million. Integral Ad Science had a return on equity of 0.32% and a net margin of 0.57%. Integral Ad Science’s quarterly revenue was up 13.5% on a year-over-year basis. During the same period last year, the firm earned $0.05 earnings per share. Integral Ad Science updated its FY 2024 guidance to EPS and its Q3 2024 guidance to EPS.

Integral Ad Science Stock Performance

Integral Ad Science stock traded up $1.41 during mid-day trading on Friday, reaching $11.33. 2,198,501 shares of the company were exchanged, compared to its average volume of 1,176,003. The firm has a market cap of $1.82 billion, a PE ratio of 1,134.13, a price-to-earnings-growth ratio of 1.47 and a beta of 1.54. The company has a debt-to-equity ratio of 0.13, a quick ratio of 4.32 and a current ratio of 4.32. The firm’s 50-day simple moving average is $9.82 and its two-hundred day simple moving average is $10.99. Integral Ad Science has a twelve month low of $7.98 and a twelve month high of $19.15.

Insider Transactions at Integral Ad Science

In other news, CFO Tania Secor sold 4,564 shares of the firm’s stock in a transaction on Monday, July 8th. The shares were sold at an average price of $9.68, for a total value of $44,179.52. Following the completion of the sale, the chief financial officer now owns 243,101 shares in the company, valued at approximately $2,353,217.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CEO Lisa Utzschneider sold 8,044 shares of the company’s stock in a transaction on Monday, May 6th. The stock was sold at an average price of $9.97, for a total transaction of $80,198.68. Following the transaction, the chief executive officer now owns 203,139 shares of the company’s stock, valued at $2,025,295.83. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Tania Secor sold 4,564 shares of the stock in a transaction on Monday, July 8th. The stock was sold at an average price of $9.68, for a total value of $44,179.52. Following the completion of the transaction, the chief financial officer now owns 243,101 shares of the company’s stock, valued at approximately $2,353,217.68. The disclosure for this sale can be found here. Insiders sold 22,478 shares of company stock worth $218,311 over the last 90 days. 2.00% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on IAS shares. Benchmark reissued a “hold” rating on shares of Integral Ad Science in a research report on Tuesday, May 7th. Morgan Stanley boosted their price objective on shares of Integral Ad Science from $12.00 to $13.00 and gave the stock an “equal weight” rating in a research report on Tuesday, July 23rd. Craig Hallum dropped their target price on shares of Integral Ad Science from $20.00 to $18.00 and set a “buy” rating on the stock in a research report on Friday, May 10th. Raymond James lifted their price target on shares of Integral Ad Science from $13.00 to $15.00 and gave the stock an “outperform” rating in a research note on Friday. Finally, Loop Capital began coverage on shares of Integral Ad Science in a research note on Tuesday, April 30th. They issued a “buy” rating and a $15.00 price objective for the company. Three equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $16.50.

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.