Vestcor Inc Makes New $1.57 Million Investment in Integral Ad Science Holding Corp. (NASDAQ:IAS)

Vestcor Inc bought a new position in shares of Integral Ad Science Holding Corp. (NASDAQ:IAS) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund bought 150,000 shares of the company’s stock, valued at approximately $1,566,000. Vestcor Inc owned about 0.09% of Integral Ad Science at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Geode Capital Management LLC boosted its stake in shares of Integral Ad Science by 6.4% in the 3rd quarter. Geode Capital Management LLC now owns 1,834,659 shares of the company’s stock valued at $19,836,000 after purchasing an additional 110,149 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Integral Ad Science by 47.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 717,528 shares of the company’s stock valued at $7,756,000 after purchasing an additional 231,271 shares during the last quarter. Crestwood Capital Management L.P. boosted its stake in shares of Integral Ad Science by 0.3% in the 3rd quarter. Crestwood Capital Management L.P. now owns 650,738 shares of the company’s stock valued at $7,034,000 after purchasing an additional 1,941 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of Integral Ad Science by 1.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 603,848 shares of the company’s stock valued at $6,304,000 after acquiring an additional 7,941 shares during the period. Finally, Invenomic Capital Management LP lifted its position in shares of Integral Ad Science by 57.4% during the 3rd quarter. Invenomic Capital Management LP now owns 585,309 shares of the company’s stock valued at $6,327,000 after acquiring an additional 213,488 shares during the period. 95.78% of the stock is owned by institutional investors.

Integral Ad Science Price Performance

IAS opened at $9.03 on Friday. The firm has a market cap of $1.48 billion, a P/E ratio of 45.15, a PEG ratio of 1.06 and a beta of 1.45. The firm has a 50-day moving average of $10.22 and a 200 day moving average of $10.73. 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 fifty-two week low of $7.98 and a fifty-two week high of $13.62.

Integral Ad Science (NASDAQ:IAS) last posted its quarterly 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 company had revenue of $153.00 million for the quarter, compared to the consensus estimate of $148.83 million. Integral Ad Science had a net margin of 6.39% and a return on equity of 3.47%. Integral Ad Science’s quarterly revenue was up 13.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.06 EPS. On average, research analysts expect that Integral Ad Science Holding Corp. will post 0.26 EPS for the current year.

Wall Street Analyst Weigh In

IAS has been the topic of several research reports. Morgan Stanley restated a “mixed” rating on shares of Integral Ad Science in a report on Monday, March 3rd. Benchmark restated a “hold” rating on shares of Integral Ad Science in a report on Friday, February 28th. Scotiabank initiated coverage on shares of Integral Ad Science in a report on Friday, February 28th. They set a “sector perform” rating and a $12.00 price objective on the stock. Oppenheimer restated an “outperform” rating on shares of Integral Ad Science in a report on Friday, February 28th. Finally, Barclays reiterated an “equal weight” rating on shares of Integral Ad Science in a report on Friday, February 28th. Three equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, Integral Ad Science currently has an average rating of “Moderate Buy” and an average price target of $15.06.

Insider Activity at Integral Ad Science

In other Integral Ad Science news, CEO Lisa Utzschneider sold 12,448 shares of the stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $10.61, for a total transaction of $132,073.28. Following the completion of the transaction, the chief executive officer now owns 278,650 shares in the company, valued at $2,956,476.50. This trade represents a 4.28 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Over the last 90 days, insiders sold 19,109 shares of company stock worth $197,696. 2.00% of the stock is owned by company insiders.

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.