Integral Ad Science Holding Corp. (NASDAQ: IAS) stock fell -1.92% on Monday to $12.25 against a previous-day closing price of $12.49. With 1.16 million shares changed hands, the volume of the stock remained heavier than its average volume of 1.0 million shares. During the session, the Advertising Agencies company that operates in wider Communication Services sector, reached to the highest price of $12.58 whereas the lowest price it dropped to was $12.15. The 52-week range on IAS shows that it touched its highest point at $20.88 and its lowest point at $6.63 during that stretch. It currently has a 1-year price target of $22.88. Beta for the stock currently stands at 1.66.
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 down-trending over the past week, with a drop of -7.69%, but this was down by -11.62% over a month. Three-month performance dropped to -30.56% while six-month performance fell -4.67%. The stock gained 51.42% in the past year, while it has gained 39.36% so far this year. A look at the trailing 12-month EPS for IAS yields 0.15 with Next year EPS estimates of 0.26. For the next quarter, that number is 0.00. This implies an EPS growth rate of 128.80% for this year and 207.06% for next year.
Float and Shares Shorts:
At present, 155.43 million IAS shares are outstanding with a float of 78.20 million shares on hand for trading. On Aug 30, 2023, short shares totaled 1.19 million, which was 0.76% higher than short shares on Jul 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 88.27% of IAS’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 50.76% of IAS, in contrast to 18.42% held by mutual funds. Shares owned by individuals account for 13.51%. As the largest shareholder in IAS with 3.99% of the stake, The Vanguard Group, Inc. holds 6,255,068 shares worth 6,255,068. A second-largest stockholder of IAS, Lord, Abbett & Co. LLC, holds 3,147,044 shares, controlling over 2.01% of the firm’s shares. ClearBridge Investments LLC is the third largest shareholder in IAS, holding 3,088,840 shares or 1.97% stake. With a 1.39% stake in IAS, the Vanguard Total Stock Market ETF is the largest stakeholder. A total of 2,169,509 shares are owned by the mutual fund manager. The Vanguard Small Cap Index Fund, which owns about 1.16% of IAS stock, is the second-largest Mutual Fund holder. It holds 1,816,687 shares valued at 25.92 million. ClearBridge Small Cap Growth Fund holds 1.08% of the stake in IAS, owning 1,694,168 shares worth 24.18 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 Jun 29, 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 $25.00 and a low target of $19.00, the average target price over the next 12 months is $22.88. Based on these targets, IAS could surge 104.08% to reach the target high and rise by 55.1% to reach the target low. Reaching the average price target will result in a growth of 86.78% 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.