Added to YB: 2025-05-22
Pitch date: 2025-05-21
IAS [neutral]
Integral Ad Science Holding Corp.
+31.39%
current return
Author Info
P14 Capital is a former buy-side research analyst who uncovers undervalued opportunities in SMID-cap equities. Long-biased and generalist. Sign up for the newsletter.
Company Info
Integral Ad Science Holding Corp. operates as a digital advertising verification company in the United States.
Market Cap
$1.7B
Pitch Price
$7.87
Price Target
14.55 (+41%)
Dividend
N/A
EV/EBITDA
14.08
P/E
37.02
EV/Sales
2.76
Sector
Media
Category
growth
LONG $IAS - 1Q25 Earnings Update
IAS (earnings update): Solid Q1 (+17.1% Y/Y rev, +26% EBITDA), pre-bid optimization +23.5% driving growth (48% of rev). New products improving ad performance, TikTok opportunity ~$188M by 2027. Margins expanding (+211bps to 31%) on S&M efficiency. Trading at ~3x EV/EBITDA discount to DV despite superior margins. PT $14.55 (80% upside) at 9x 2026E EBITDA.
Read full article (8 min)