Circumference Group LLC Lowers Stock Position in Integral Ad Science Holding Corp. (NASDAQ:IAS)

Circumference Group LLC decreased its position in Integral Ad Science Holding Corp. (NASDAQ:IAS) by 40.0% in the third quarter, Holdings Channel reports. The institutional investor owned 150,000 shares of the company’s stock after selling 100,000 shares during the period. Integral Ad Science accounts for about 1.7% of Circumference Group LLC’s portfolio, making the stock its 22nd largest position. Circumference Group LLC’s holdings in Integral Ad Science were worth $1,622,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the company. nVerses Capital LLC acquired a new position in Integral Ad Science during the third quarter worth $45,000. Quantbot Technologies LP acquired a new position in shares of Integral Ad Science during the 3rd quarter worth about $106,000. Stoneridge Investment Partners LLC purchased a new position in Integral Ad Science in the 3rd quarter valued at about $125,000. XTX Topco Ltd acquired a new stake in Integral Ad Science in the 2nd quarter worth about $113,000. Finally, Edgestream Partners L.P. purchased a new stake in Integral Ad Science during the 2nd quarter worth approximately $125,000. Institutional investors and hedge funds own 95.78% of the company’s stock.

Insider Buying and Selling at Integral Ad Science

In other Integral Ad Science news, CFO Tania Secor sold 6,643 shares of Integral Ad Science stock in a transaction dated Friday, September 6th. The stock was sold at an average price of $11.24, for a total value of $74,667.32. Following the completion of the transaction, the chief financial officer now directly owns 251,366 shares of the company’s stock, valued at $2,825,353.84. The trade was a 2.57 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Lisa Utzschneider sold 10,481 shares of the stock in a transaction dated Monday, October 7th. The shares were sold at an average price of $10.11, for a total value of $105,962.91. Following the completion of the sale, the chief executive officer now directly owns 239,709 shares in the company, valued at $2,423,457.99. This represents a 4.19 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 23,006 shares of company stock valued at $240,296 over the last quarter. 2.00% of the stock is owned by company insiders.

Integral Ad Science Stock Performance

NASDAQ IAS opened at $11.18 on Monday. The stock has a fifty day simple moving average of $11.09 and a 200-day simple moving average of $10.58. The company has a current ratio of 3.71, a quick ratio of 3.71 and a debt-to-equity ratio of 0.07. The stock has a market cap of $1.82 billion, a PE ratio of 55.90, a P/E/G ratio of 1.54 and a beta of 1.52. Integral Ad Science Holding Corp. has a twelve month low of $7.98 and a twelve month high of $17.53.

Integral Ad Science (NASDAQ:IAS) last announced its earnings results on Tuesday, November 12th. The company reported $0.10 earnings per share for the quarter, topping 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 analyst estimates of $138.06 million. During the same quarter last year, the firm posted ($0.09) earnings per share. Integral Ad Science’s revenue was up 11.0% compared to the same quarter last year. Equities analysts anticipate that Integral Ad Science Holding Corp. will post 0.26 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. Oppenheimer decreased their target price on Integral Ad Science from $20.00 to $18.00 and set an “outperform” rating on the stock in a research report 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 on the stock in a research note on Wednesday, November 13th. Craig Hallum reduced 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 report on Wednesday, November 13th. Truist Financial lowered their price target on shares of Integral Ad Science from $18.00 to $16.00 and set a “buy” rating on the stock in a research report on Wednesday, November 13th. Finally, Benchmark reiterated a “hold” rating on shares of Integral Ad Science in a report on Thursday, November 14th. Three research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $15.70.

Integral Ad Science 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.