Tania Secor, the Chief Financial Officer of Integral Ad Science Holding Corp. (NASDAQ:IAS), a $1.75 billion digital advertising technology company that InvestingPro analysis indicates is currently undervalued, recently sold a portion of her holdings in the company. According to a filing with the Securities and Exchange Commission, Secor sold 6,450 shares of common stock on December 6 at an average price of $10.95 per share, totaling approximately $70,627. This sale was reportedly a mandatory transaction to cover tax liabilities associated with the settlement of restricted stock units. The company maintains strong financial health with a current ratio of 3.71, and analysts maintain a bullish outlook with price targets ranging from $10 to $18.
In addition to the sale, Secor acquired 14,526 shares of common stock on December 5, as part of a vesting of market stock units. This acquisition was at no cost, as the shares were earned through a vesting schedule. Following these transactions, Secor's direct ownership stands at 233,686 shares. The company has demonstrated solid performance with 11.77% revenue growth in the last twelve months. For deeper insights into IAS's valuation and growth prospects, including exclusive ProTips and comprehensive financial analysis, visit InvestingPro.
In other recent news, Integral Ad Science (IAS) reported an 11% increase in Q3 revenue, totaling $133.5 million, and a significant 38% adjusted EBITDA margin. However, the company anticipates Q4 growth to mirror Q3's performance at 11%. Following these results, Jefferies reduced its price target for IAS to $15, while maintaining a Buy rating. Similarly, Piper Sandler lowered its price target from $18 to $16, and BMO Capital Markets cut its target from $16 to $15, despite both firms keeping positive ratings.
IAS is facing challenges such as decreased volume growth from its retail and consumer packaged goods customers, slower ramp-up in new product monetization, and reduced brand spending. In response to these challenges, IAS onboarded more than 75 new customers following Oracle (NYSE:ORCL)'s exit from the advertising market. The company 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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