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Deadline Approaching: Integral Ad Science Holding Corp. (IAS) Investors Who Lost Money Urged To Contact Law Offices of Howard G. Smith

By: Law Offices of Howard G. Smith via Business Wire
February 04, 2025 at 12:00 PM EST

Law Offices of Howard G. Smith reminds investors of the upcoming March 31, 2025 deadline to file a lead plaintiff motion in the case filed on behalf of investors who purchased Integral Ad Science Holding Corp. (“IAS” or the “Company”) (NASDAQ: IAS) common stock between March 2, 2023, and February 27, 2024, inclusive (the “Class Period”).

IF YOU ARE AN INVESTOR WHO SUFFERED A LOSS IN INTEGRAL AD SCIENCE HOLDING CORP. (IAS), CONTACT THE LAW OFFICES OF HOWARD G. SMITH TO PARTICIPATE IN THE ONGOING SECURITIES FRAUD LAWSUIT.

Contact the Law Offices of Howard G. Smith to discuss your legal rights by email at howardsmith@howardsmithlaw.com, by telephone at (215) 638-4847 or visit our website at www.howardsmithlaw.com.

What Happened?

On August 3, 2023, after market hours, IAS released its second quarter 2023 financial results, revealing that the growth of its optimization revenue had slowed, citing “maturing Context Control growth” and “slower demand from tech/telco clients.” On this news, IAS’s stock price fell $3.66, or 19.4%, to close at $15.17 per share on August 4, 2023, thereby injuring investors.

Then, on February 27, 2024, after market hours, IAS released its fourth quarter 2023 financial results, missing consensus estimates due to pricing cuts issued to customers across the Company’s measurement and optimization businesses and “more competitive pricing.”

On this news, IAS’s stock price fell $7.09, or 41.5%, to close at $10.01 per share on February 28, 2024, thereby injuring investors further.

What Is The Lawsuit About?

The complaint filed in this class action alleges that throughout the Class Period, Defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the Company’s business, operations, and prospects. Specifically, Defendants failed to disclose to investors: (1) 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; (2) that IAS’s pricing function was no longer “favorable” and IAS could not sustain its pricing and drive price increases; (3) that pricing had become a key differentiator between IAS and its competitor necessary to close major renewals and new deals; and (4) as a result, Defendants’ positive statements about the Company’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis at all relevant times.

If you purchased or otherwise acquired IAS securities during the Class Period, you may move the Court no later than March 31, 2025 to ask the Court to appoint you as lead plaintiff if you meet certain legal requirements.

Contact Us To Participate or Learn More:

If you wish to learn more about this class action, or if you have any questions concerning this announcement or your rights or interests with respect to these matters, please contact us:

Law Offices of Howard G. Smith,

3070 Bristol Pike, Suite 112,

Bensalem, Pennsylvania 19020,

Telephone: (215) 638-4847

Email: howardsmith@howardsmithlaw.com,

Visit our website at: www.howardsmithlaw.com.

To be a member of the class action you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent member of the class action.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

View source version on businesswire.com: https://www.businesswire.com/news/home/20250204939064/en/

Contacts

Law Offices of Howard G. Smith

Howard G. Smith, Esquire

215-638-4847

howardsmith@howardsmithlaw.com

www.howardsmithlaw.com

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