Integral Ad Science Holding Corp. (NASDAQ: IAS) stock fell -1.08% on Tuesday to $17.45 against a previous-day closing price of $17.64. With 1.07 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.72 million shares. During the session, the Advertising Agencies company that operates in wider Communication Services sector, reached to the highest price of $18.07 whereas the lowest price it dropped to was $17.24. The 52-week range on IAS shows that it touched its highest point at $17.78 and its lowest point at $6.63 during that stretch. It currently has a 1-year price target of $19.60.
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Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of IAS was up-trending over the past week, with a rise of 9.47%, but this was up by 14.80% over a month. Three-month performance surged to 57.07% while six-month performance rose 85.64%. The stock gained 47.38% in the past year, while it has gained 98.52% so far this year. A look at the trailing 12-month EPS for IAS yields 0.11 with Next year EPS estimates of 0.27. For the next quarter, that number is 0.03. This implies an EPS growth rate of 128.80% for this year and 145.95% for next year.
Float and Shares Shorts:
At present, 154.31 million IAS shares are outstanding with a float of 153.68 million shares on hand for trading. On Apr 27, 2023, short shares totaled 1.48 million, which was 0.96% higher than short shares on Mar 30, 2023. In addition to Ms. Lisa Utzschneider as the firm’s CEO & Director, Ms. Tania R. Secor serves as its Chief Financial Officer.
Through their ownership of 98.11% of IAS’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 9.59% of IAS, in contrast to 54.80% held by mutual funds. Shares owned by individuals account for 12.39%. As the largest shareholder in IAS with 3.06% of the stake, The Vanguard Group, Inc. holds 4,717,661 shares worth 4,717,661. A second-largest stockholder of IAS, Schonfeld Strategic Advisors LLC, holds 3,008,800 shares, controlling over 1.95% of the firm’s shares. Indaba Capital Management LP is the third largest shareholder in IAS, holding 2,385,840 shares or 1.55% stake. With a 1.27% stake in IAS, the Vanguard Total Stock Market ETF is the largest stakeholder. A total of 1,968,909 shares are owned by the mutual fund manager. The Vanguard Small Cap Index Fund, which owns about 1.04% of IAS stock, is the second-largest Mutual Fund holder. It holds 1,605,545 shares valued at 25.26 million. Fidelity Small Cap Growth Fund holds 0.72% of the stake in IAS, owning 1,104,543 shares worth 17.37 million.
An Overview of Recent Financials:
Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on Mar 30, 2023, IAS reported revenue of $100.33M and operating income of $6.75M. The EBITDA in the recently reported quarter was $19.26M and diluted EPS was $0.01.
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for IAS since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With IAS analysts setting a high price target of $22.00 and a low target of $17.00, the average target price over the next 12 months is $19.89. Based on these targets, IAS could surge 26.07% to reach the target high and fall by -2.58% to reach the target low. Reaching the average price target will result in a growth of 13.98% from current levels.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy.