Gil Alexis II, Chief Accounting Officer of Integral Ad Science Holding Corp. (NASDAQ:IAS), has recently sold a portion of his holdings in the company. According to a filing with the Securities and Exchange Commission, Alexis sold 3,982 shares of common stock on December 3, 2024, at a weighted average price of $11.41 per share. The transaction was valued at approximately $45,434. The digital advertising verification company, with a market capitalization of $1.77 billion, has demonstrated strong financial health with a gross profit margin of nearly 79% and revenue growth of about 12% over the last twelve months.
The sale was reportedly a mandatory transaction to cover tax liabilities related to the settlement of restricted stock units. Following this sale, Alexis retains ownership of 123,130 shares in the company. The shares were sold in multiple transactions at prices ranging from $11.35 to $11.54 per share. According to InvestingPro analysis, IAS appears undervalued based on its Fair Value metrics, with analysts maintaining a strong buy consensus and setting price targets significantly above current trading levels. For deeper insights into IAS's valuation and 10+ additional ProTips, explore the comprehensive Pro Research Report available on InvestingPro.
In other recent news, Integral Ad Science (IAS) witnessed a series of adjustments from investment firms following their Q3 results and future projections. Jefferies reduced its price target for IAS to $15, maintaining a Buy rating, citing a decrease in both revenue and adjusted EBITDA estimates for fiscal year 2025. Meanwhile, Piper Sandler lowered its target for IAS from $18 to $16, despite maintaining an Overweight rating. BMO Capital Markets also cut its target from $16 to $15, while keeping an Outperform rating.
IAS announced its third-quarter earnings, reporting an 11% increase in revenue totaling $133.5 million, and a significant 38% adjusted EBITDA margin. Despite facing challenges like decreased volume growth from its retail and consumer packaged goods customers, slower ramp-up in new product monetization, and reduced brand spending, IAS management projected double-digit revenue growth and consistent adjusted EBITDA margins into 2025.
Following Oracle (NYSE:ORCL)'s exit from the advertising market, IAS onboarded more than 75 new customers and anticipates continued profitability and growth into 2025, driven by new product adoption and market expansion. These are among the recent developments for IAS. It's important to note that the investment firms' adjustments are based on their analyses and evaluations of the company's performance.
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