Press release
Lawsuit filed for Investors who lost money with Integral Ad Science Holding Corp. (NASDAQ: IAS)
An investor, who purchased shares of Integral Ad Science Holding Corp. (NASDAQ: IAS), filed a lawsuit against over alleged violations of Federal Securities Laws by Integral Ad Science Holding Corp. in connection with certain allegedly false and misleading statements.
Investors who purchased shares of Integral Ad Science Holding Corp. (NASDAQ: IAS) have certain options and for certain investors are short and strict deadlines running. Deadline: March 31, 2025. NASDAQ: IAS investors should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
New York based Integral Ad Science Holding Corp. operates as a digital advertising verification company in the United States, the United Kingdom, France, Ireland, Germany, Italy, Singapore, Australia, Japan, India, and the Nordics.
On August 3, 2023, Ad Science Holding Corp reported its financial results for the second quarter of 2023, revealing the growth of its optimization revenue had meaningfully slowed.
Then, on February 27, 2024, Ad Science Holding Corp reported financial results for the fourth quarter of 2023 and issued revenue guidance below analyst expectations. Integral Ad Science Holding Corp. (NASDAQ: IAS) reported that its annual Total Revenue rose from $408.34 million in 2022 to $474.36 million in 2023, and that its Net Income declined from $15.37 million in 2022 to $7.23 million in 2023.
On an earnings call later that day, the Company admitted that these disappointing revenue numbers resulted from pricing cuts issued to customers across the Company's measurement and optimization businesses. Chief Executive Officer Lisa Utzschneider stated that "[w]e are seeing more competitive pricing in measurement on a select group of large contract renewals in exchange for increased volume commitments and multi-year exclusive agreements."
Shares of Integral Ad Science Holding Corp. (NASDAQ: IAS) declined from $17.53 per share on February 27, 2024, to as low as $7.98 per share on May 8, 2024.
The plaintiff claims that between March 2, 2023, and February 27, 2024, the defendants misrepresented and/or failed to disclose that IAS was experiencing a new material trend of increased competitive pricing pressures and that, as a result, IAS had been forced to cut prices to compensate for weakening demand and slowing revenue growth, that IAS's pricing function was no longer 'favorable' and IAS could not sustain its pricing and drive price increases, that pricing had become a key differentiator between IAS and its competitor necessary to close major renewals and new deals, that the risk that competition 'could result in increased pricing pressure' or 'could put pressure on us to change our prices' had in fact transpired, and that as a result, the IAS's public statements were materially false and misleading at all relevant times.
Those who purchased shares of Integral Ad Science Holding Corp. (NASDAQ: IAS) have certain options and should contact the Shareholders Foundation.
Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com
About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities lawsuits, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.
Investors who purchased shares of Integral Ad Science Holding Corp. (NASDAQ: IAS) have certain options and for certain investors are short and strict deadlines running. Deadline: March 31, 2025. NASDAQ: IAS investors should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
New York based Integral Ad Science Holding Corp. operates as a digital advertising verification company in the United States, the United Kingdom, France, Ireland, Germany, Italy, Singapore, Australia, Japan, India, and the Nordics.
On August 3, 2023, Ad Science Holding Corp reported its financial results for the second quarter of 2023, revealing the growth of its optimization revenue had meaningfully slowed.
Then, on February 27, 2024, Ad Science Holding Corp reported financial results for the fourth quarter of 2023 and issued revenue guidance below analyst expectations. Integral Ad Science Holding Corp. (NASDAQ: IAS) reported that its annual Total Revenue rose from $408.34 million in 2022 to $474.36 million in 2023, and that its Net Income declined from $15.37 million in 2022 to $7.23 million in 2023.
On an earnings call later that day, the Company admitted that these disappointing revenue numbers resulted from pricing cuts issued to customers across the Company's measurement and optimization businesses. Chief Executive Officer Lisa Utzschneider stated that "[w]e are seeing more competitive pricing in measurement on a select group of large contract renewals in exchange for increased volume commitments and multi-year exclusive agreements."
Shares of Integral Ad Science Holding Corp. (NASDAQ: IAS) declined from $17.53 per share on February 27, 2024, to as low as $7.98 per share on May 8, 2024.
The plaintiff claims that between March 2, 2023, and February 27, 2024, the defendants misrepresented and/or failed to disclose that IAS was experiencing a new material trend of increased competitive pricing pressures and that, as a result, IAS had been forced to cut prices to compensate for weakening demand and slowing revenue growth, that IAS's pricing function was no longer 'favorable' and IAS could not sustain its pricing and drive price increases, that pricing had become a key differentiator between IAS and its competitor necessary to close major renewals and new deals, that the risk that competition 'could result in increased pricing pressure' or 'could put pressure on us to change our prices' had in fact transpired, and that as a result, the IAS's public statements were materially false and misleading at all relevant times.
Those who purchased shares of Integral Ad Science Holding Corp. (NASDAQ: IAS) have certain options and should contact the Shareholders Foundation.
Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com
About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities lawsuits, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.
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