Multiple Factors Pushed Integral Ad Science Holding Corp. (IAS) in Q2
TimesSquare Capital Management, an equity investment management company, released its “U.S. Small Cap Growth Strategy” second-quarter investor letter. A copy of the same can be downloaded here. In the second quarter, the strategy underperformed the Russell 2000 Growth Index and returned 2.50% (net), and the index return was 7.05%. Consumer Staples, Health Care, Industrials, and Information Technology showed relative weakness. However, Communication Services and Materials showed strength, partially offsetting the weakness. In addition, please check the fund’s top five holdings to know its best picks in 2023.
TimesSquare U.S. Small Cap Growth Strategy highlighted stocks like Integral Ad Science Holding Corp. (NASDAQ:IAS) in the second quarter 2023 investor letter. Headquartered in New York, New York, Integral Ad Science Holding Corp. (NASDAQ:IAS) is a digital advertising verification company. On September 22, 2023, Integral Ad Science Holding Corp. (NASDAQ:IAS) stock closed at $11.76 per share. One-month return of Integral Ad Science Holding Corp. (NASDAQ:IAS) was -13.85%, and its shares gained 63.56% of their value over the last 52 weeks. Integral Ad Science Holding Corp. (NASDAQ:IAS) has a market capitalization of $1.842 billion.
TimesSquare U.S. Small Cap Growth Strategy made the following comment about Integral Ad Science Holding Corp. (NASDAQ:IAS) in its Q2 2023 investor letter:
"Within Communication Services, Integral Ad Science Holding Corp. (NASDAQ:IAS) operates as a digital advertising verification company. The company posted a solid beat and raise quarter. Revenues were ahead of sell-side expectations as were profits. Management increased revenue guidance while still maintaining a conservative posture. Automotive, consumer packaged goods, and financials were called out as strong verticals. This report lifted their stock price by 26% and we trimmed the position on this strength."
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Integral Ad Science Holding Corp. (NASDAQ:IAS) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 28 hedge fund portfolios held Integral Ad Science Holding Corp. (NASDAQ:IAS) at the end of second quarter which was 15 in the previous quarter.
We discussed Integral Ad Science Holding Corp. (NASDAQ:IAS) in another article and shared the list of best advertising agency stocks to buy. In addition, please check out our hedge fund investor letters Q2 2023 page for more investor letters from hedge funds and other leading investors.
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Disclosure: None. This article is originally published at Insider Monkey.
