Wall Street analysts expect ironSource Ltd. (NYSE:IS – Get Rating) reports sales of $183.21 million for the current quarter, according to Zacks Investment Research. Five analysts have released ironSource earnings estimates, with estimates ranging from $182.30 million to $185.00 million. ironSource reported sales of $135.04 million in the same quarter last year, indicating a positive year-over-year growth rate of 35.7%. The company is expected to release its next results on Monday, January 1.
On average, analysts expect ironSource to report annual sales of $770.07 million for the current year, with estimates ranging from $760.97 million to $780.00 million. For the next fiscal year, analysts expect the company to record sales of $976.14 million, with estimates ranging from $953.20 million to $1.00 billion. Zacks sales averages are an average average based on a survey of sell-side analysts who cover ironSource.
ironSource (NYSE:IS – Get Rating) last released its quarterly results on Wednesday, February 16. The company reported earnings per share of $0.03 for the quarter, beating analyst consensus estimates of $0.02 by $0.01. ironSource had a return on equity of 10.11% and a net margin of 10.16%. The company posted revenue of $158.27 million for the quarter, compared to $144.63 million expected by analysts. The company’s quarterly revenue increased 46.1% year over year.
Several brokerages have recently published reports on IS. Needham & Company LLC lowered its price target on ironSource from $10.00 to $6.00 and set a “buy” rating for the company in a Friday, May 13 report. Zacks Investment Research upgraded ironSource shares from a “hold” rating to a “sell” rating in a Wednesday, May 11 research report. Robert W. Baird cut his target price on ironSource shares from $10.00 to $6.00 in a Friday, May 13 report. Goldman Sachs Group cut its price target on ironSource from $12.00 to $7.00 and set a “buy” rating on the stock in a Tuesday, April 19 report. Finally, Deutsche Bank Aktiengesellschaft cut its price target on ironSource from $9.00 to $6.00 in a Friday, May 13 report. One equity research analyst has assigned the stock a sell rating, one has issued a hold rating and fourteen have assigned the stock a buy rating. According to MarketBeat.com, ironSource currently has a consensus buy rating and a consensus target price of $11.00.
Major investors have recently changed their stake in the company. National Bank of Canada FI acquired a new stake in the shares of ironSource in the 4th quarter at a value of $27,000. Advisor Group Holdings Inc. bought a new position in ironSource in Q3 worth $52,000. Parallel Advisors LLC increased its stake in ironSource by 109.6% in the 1st quarter. Parallel Advisors LLC now owns 11,331 shares of the company worth $57,000 after acquiring an additional 5,924 shares during the period. DGS Capital Management LLC bought a new position in ironSource in Q1 worth $60,000. Finally, Prelude Capital Management LLC bought a new position in ironSource in Q1 worth $71,000. 20.99% of the shares are held by institutional investors.
Shares of ironSource opened at $2.80 on Friday. ironSource has a fifty-two week low of $2.40 and a fifty-two week high of $13.14. The company has a market capitalization of $2.84 billion, a PE ratio of 46.67, a P/E/G ratio of 0.52 and a beta of 0.81. The company’s fifty-day moving average is $4.33 and its two-hundred-day moving average is $6.50.
Company Profile (Get an assessment)
ironSource Ltd. operates a business platform for application developers and telecommunications operators in Israel and abroad. The Company’s platforms include the Sonic suite of solutions that helps developers launch, monetize and scale their apps and games by providing solutions for app discovery, user growth, content monetization,… analysis and publication; and the Aura suite of solutions, which enables telecom operators to enrich the device experience by creating new engagement touchpoints that deliver relevant content to their users throughout the lifecycle of the device. ‘device.
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