The Vanguard Group, Inc. has recently announced that it has increased stake in Integral Ad Science Holding Corp. (NASDAQ:IAS) by 78.03%. After grabbing 4.71 million shares, the institutional investor is now in possession of 2.06 million shares of the Communication Services Company. The new investment brought the stake of investor firm to 3.06% having worth around $41.38 million. Moreover, Schonfeld Strategic Advisors LLC increased its share by 1.1 million to have a control over 3.4 million shares. And TimesSquare Capital Management LL raised its holdings to 0.77 million shares by acquiring 3.05 million shares or 1.98% of the stake.
Integral Ad Science Holding Corp. (IAS) concluded trading on 01/18/23 at a closing price of $9.36, with 0.33 million shares of worth about $3.07 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -4.59% during that period and on Wednesday the price saw a gain of about 0.21%. Currently the company’s common shares owned by public are about 155.39M shares, out of which, 153.68M shares are available for trading.
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A deeper look into what the analysts at Wall Street are thinking about the price target of this stock provides us with the following: 8 analysts are covering the IAS stock and their offered price forecasts bring an average price target of $13.25. Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $16.00 and could fall to a lowest price of $10.00. The stock’s current price level is 28.66% above of average price target set by the analysts, while a rise to estimated low would result in gain of 6.4% for the stock. However, touching the estimated high of $16.00 would mean a gain of 41.5% for the stock.
Vanguard Total Stock Market Index, Vanguard Small Cap Index Fund, and ClearBridge Small Cap Fund are the top 3 mutual funds which are holding stakes in Integral Ad Science Holding Corp. Vanguard Total Stock Market Index is currently holding 1.68 million shares of worth totaling $14.73 million. The company recently came buying 0.0 shares which brought its stake up to 1.09% of the company’s outstanding shares. Vanguard Small Cap Index Fund bought 116.0 shares, after which its hold over company’s outstanding shares expand to 0.91%, leaving 1.41 million shares with the mutual fund that have a worth of about $12.36 million. ClearBridge Small Cap Fund, after buying 1.05 million shares, have now control over 0.68% of the stake in the company. It holds 0.21 million shares of worth $9.24 million.
Integral Ad Science Holding Corp. (NASDAQ: IAS) started trading at $9.55, above $0.21 from concluding price of the previous day. However, the stock later moved at a day high price of 9.85, or with a gain of 0.21%. Stock saw a price change of -3.60% in past 5 days and over the past one month there was a price change of 2.30%. Year-to-date (YTD), IAS shares are showing a performance of 6.48% which decreased to -46.64% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $6.63 but also hit the highest price of $20.39 during that period. The average intraday trading volume for Integral Ad Science Holding Corp. shares is 343.67K. The stock is currently trading 3.32% above its 20-day simple moving average (SMA20), while that difference is up 3.84% for SMA50 and it goes to -4.24% lower than SMA200.
The Vanguard Group, Inc. acquired 4.71 million shares of Integral Ad Science Holding Corp. having value of about $41.38 million. Data submitted at the U.S SEC by The Vanguard Group, Inc. revealed that the firm now holds 2.06 million shares in the company valued at close to $19313892.0, or have control over 78.03% stake in the company. Integral Ad Science Holding Corp. (NASDAQ: IAS) currently have 155.39M outstanding shares and institutions hold larger chunk of about 99.20% of that. Holding of mutual funds in the company is about 12.87% while other institutional holders and individual stake holders have control over 7.73% and 1.06% of the stake respectively.
The stock has a current market capitalization of $1.45B. It has posted earnings per share of -$0.01 in the same period. It has Quick Ratio of 3.70 while making debt-to-equity ratio of 0.30. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for IAS, volatility over the week remained 3.12% while standing at 4.44% over the month.
Analysts are in expectations that Integral Ad Science Holding Corp. (IAS) stock would likely to be making an EPS of $0 in the current quarter, while forecast for next quarter EPS is $0.02 and it is $0.17 for next year. For the current quarter EPS, analysts have given the company a lowest target -$0.04 which is $0.02 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of -$0.06 in the same quarter a year ago. Stock’s fiscal year EPS is expected to drop by -56.30% while it is estimated to increase by 318.92% in next year.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Jefferies on December 15, 2022 offering a Buy rating for the stock and assigned a target price of $12 to it. Coverage by Raymond James stated Integral Ad Science Holding Corp. (IAS) stock as a Strong buy in their note to investors on March 21, 2022, suggesting a price target of $27 for the stock. On March 04, 2022, Oppenheimer Reiterated their recommendations, while on February 01, 2022, Stifel Initiated their ratings for the stock with a price target of $25. Stock get an Overweight rating from Wells Fargo on July 26, 2021.
