TimesSquare Capital Management LLC Purchases 268,310 Shares of Integral Ad Science Holding Corp. (NASDAQ:IAS)

TimesSquare Capital Management LLC increased its position in shares of Integral Ad Science Holding Corp. (NASDAQ:IAS) by 9.9% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 2,969,278 shares of the company’s stock after buying an additional 268,310 shares during the quarter. TimesSquare Capital Management LLC owned 1.86% of Integral Ad Science worth $29,604,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of IAS. Goldman Sachs Group Inc. grew its holdings in shares of Integral Ad Science by 605.1% during the fourth quarter. Goldman Sachs Group Inc. now owns 2,740,011 shares of the company’s stock worth $39,429,000 after buying an additional 2,351,414 shares in the last quarter. abrdn plc bought a new position in Integral Ad Science in the fourth quarter valued at approximately $25,285,000. Vanguard Group Inc. grew its stake in Integral Ad Science by 15.2% in the third quarter. Vanguard Group Inc. now owns 7,325,778 shares of the company’s stock valued at $87,104,000 after purchasing an additional 966,280 shares in the last quarter. P2 Capital Partners LLC bought a new position in Integral Ad Science in the fourth quarter valued at approximately $11,144,000. Finally, HBK Investments L P bought a new position in Integral Ad Science in the fourth quarter valued at approximately $4,317,000. 95.78% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

IAS has been the subject of a number of recent analyst reports. Morgan Stanley reaffirmed an “equal weight” rating and issued a $12.00 price objective (down from $18.00) on shares of Integral Ad Science in a research report on Tuesday, April 16th. Loop Capital initiated coverage on Integral Ad Science in a research report on Tuesday, April 30th. They issued a “buy” rating and a $15.00 price objective for the company. Raymond James cut their price objective on Integral Ad Science from $16.00 to $13.00 and set an “outperform” rating for the company in a research report on Friday, May 10th. Craig Hallum cut their price objective on Integral Ad Science from $20.00 to $18.00 and set a “buy” rating for the company in a research report on Friday, May 10th. Finally, Benchmark reaffirmed a “hold” rating on shares of Integral Ad Science in a research report on Tuesday, May 7th. Three equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $16.77.

Insider Activity at Integral Ad Science

In related news, CEO Lisa Utzschneider sold 8,044 shares of the company’s stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $9.97, for a total transaction of $80,198.68. Following the sale, the chief executive officer now owns 203,139 shares in the company, valued at approximately $2,025,295.83. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Integral Ad Science news, CAO Alexis Gil II sold 2,792 shares of the stock in a transaction that occurred on Tuesday, June 4th. The stock was sold at an average price of $9.09, for a total value of $25,379.28. Following the transaction, the chief accounting officer now owns 145,550 shares in the company, valued at $1,323,049.50. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Lisa Utzschneider sold 8,044 shares of the stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $9.97, for a total value of $80,198.68. Following the completion of the transaction, the chief executive officer now owns 203,139 shares in the company, valued at approximately $2,025,295.83. The disclosure for this sale can be found here. Insiders have sold a total of 22,478 shares of company stock worth $218,311 in the last 90 days. Corporate insiders own 2.00% of the company’s stock.

Integral Ad Science Trading Up 2.1 %

Shares of IAS stock traded up $0.20 on Friday, hitting $9.94. The company had a trading volume of 722,147 shares, compared to its average volume of 1,124,296. The firm has a market cap of $1.60 billion, a P/E ratio of 994.99, a P/E/G ratio of 1.69 and a beta of 1.53. The stock’s 50-day moving average is $9.54 and its two-hundred day moving average is $11.42. The company has a debt-to-equity ratio of 0.13, a quick ratio of 4.32 and a current ratio of 4.32. Integral Ad Science Holding Corp. has a twelve month low of $7.98 and a twelve month high of $20.88.

Integral Ad Science (NASDAQ:IAS) last issued its quarterly earnings results on Thursday, May 9th. The company reported ($0.01) earnings per share for the quarter, meeting the consensus estimate of ($0.01). The company had revenue of $114.50 million during the quarter, compared to analysts’ expectations of $112.12 million. Integral Ad Science had a return on equity of 0.32% and a net margin of 0.59%. The business’s quarterly revenue was up 7.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.02 earnings per share. On average, equities research analysts anticipate that Integral Ad Science Holding Corp. will post 0.22 earnings per share for the current fiscal 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.