NEW YORK—Tania Secor, the Chief Financial Officer of Integral Ad Science Holding Corp. (NASDAQ:IAS), has sold a portion of her holdings in the company. According to a recent SEC filing, Secor sold 7,504 shares of common stock on December 9, 2024, at a weighted average price of $10.74 per share. This transaction, totaling $80,592, was conducted to cover tax liabilities associated with the settlement of market stock units. The sale comes as IAS maintains strong financial health, with a current ratio of 3.71x and revenue growth of 11.8% in the last twelve months.
Following this sale, Secor retains direct ownership of 226,182 shares in the company. The shares were sold in multiple transactions at prices ranging from $10.68 to $10.89 per share. The CFO remains committed to her role in the company, with this sale being a strategic move to address tax obligations. According to InvestingPro analysis, IAS appears undervalued at current levels, with multiple analysts revising earnings estimates upward for the upcoming period. Discover detailed valuation metrics and 12 additional ProTips with an InvestingPro subscription.
In other recent news, Integral Ad Science (IAS) has been the subject of several analyst adjustments. Jefferies reduced its price target for IAS to $15, maintaining a Buy rating. This change follows IAS's performance not meeting expectations and a less optimistic forecast for future results. Jefferies cited a decrease in both revenue and adjusted EBITDA estimates for the fiscal year 2025 by 8%. Meanwhile, Piper Sandler cut its IAS target to $16 from $18, keeping an Overweight rating. This modification was in response to IAS's third-quarter revenue results and fourth-quarter revenue guidance falling short of expectations. BMO Capital Markets also reduced its target for IAS from $16 to $15, despite maintaining an Outperform rating. This adjustment was in response to IAS's Q3 revenue falling short of analyst expectations by 3.5%.
IAS announced strong third-quarter earnings, reporting an 11% increase in revenue which totaled $133.5 million, and a significant 38% adjusted EBITDA margin. The company's growth was primarily driven by its optimization, measurement, and publisher sectors. However, IAS expects its fourth-quarter growth to mirror the third quarter's performance at 11%. IAS onboarded more than 75 new customers following Oracle (NYSE:ORCL)'s exit from the advertising market and anticipates continued profitability and growth into 2025, driven by new product adoption and market expansion. These are among the recent developments for IAS.
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