ironSource Ltd. (NYSE:IS – Get Rating) has earned an average recommendation of “Moderate Buy” from the sixteen brokerages that are covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation and twelve have issued a buy recommendation on the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $8.88.
A number of equities analysts have recently issued reports on the company. Jefferies Financial Group dropped their price target on ironSource from $6.00 to $5.00 in a research note on Thursday, June 16th. KeyCorp assumed coverage on ironSource in a research note on Thursday, June 30th. They issued an “overweight” rating and a $3.50 price target on the stock. Citigroup dropped their price target on ironSource from $5.00 to $4.70 and set a “buy” rating on the stock in a research note on Thursday. Needham & Company LLC dropped their price target on ironSource from $10.00 to $6.00 and set a “buy” rating on the stock in a research note on Friday, May 13th. Finally, Morgan Stanley decreased their target price on ironSource from $5.00 to $4.75 and set an “overweight” rating on the stock in a report on Monday, June 13th.
Large investors have recently bought and sold shares of the business. National Bank of Canada FI bought a new stake in ironSource during the fourth quarter valued at about $27,000. Rockefeller Capital Management L.P. bought a new stake in shares of ironSource in the fourth quarter worth about $77,000. Parallel Advisors LLC increased its holdings in shares of ironSource by 109.6% in the first quarter. Parallel Advisors LLC now owns 11,331 shares of the company’s stock worth $57,000 after purchasing an additional 5,924 shares during the last quarter. Carolinas Wealth Consulting LLC increased its holdings in shares of ironSource by 20.0% in the fourth quarter. Carolinas Wealth Consulting LLC now owns 12,000 shares of the company’s stock worth $93,000 after purchasing an additional 2,000 shares during the last quarter. Finally, DGS Capital Management LLC bought a new stake in shares of ironSource in the first quarter worth about $60,000. 20.99% of the stock is currently owned by institutional investors and hedge funds.
Shares of IS opened at $2.49 on Monday. The business’s fifty day simple moving average is $2.78 and its two-hundred day simple moving average is $4.75. ironSource has a 12 month low of $2.20 and a 12 month high of $13.14. The company has a market cap of $2.52 billion, a price-to-earnings ratio of 41.51, a P/E/G ratio of 0.56 and a beta of 0.90.
ironSource Company Profile (Get Rating)
ironSource Ltd. operates a business platform for app developers and telecom operators in Israel and internationally. The company’s platforms include Sonic solution suite that supports developers to launch, monetize, and scale their apps and games by providing solutions for app discovery, user growth, content monetization, analytics, and publishing; and Aura solution suite, which allows telecom operators to enrich the device experience by creating new engagement touchpoints that deliver relevant content for their users across the entire lifecycle of the device.
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