Integral Ad Science Holding Corp. Class Action Lawsuit - IAS
Case Summary
Investors who suffered a loss and would like to learn more, click here to contact us.
The Integral Ad Science class action lawsuit seeks to represent purchasers of Integral Ad Science Holding Corp. (NASDAQ: IAS) common stock between March 2, 2023 and February 27, 2024, inclusive (the “Class Period”). Captioned Oklahoma Firefighters Pension and Retirement System v. Integral Ad Science Holding Corp., No. 25-cv-00847 (S.D.N.Y.), the Integral Ad Science class action lawsuit charges Integral Ad Science and certain of Integral Ad Science’s top current and former executives, as well as Vista Equity Partners Management, LLC with violations of the Securities Exchange Act of 1934.
If you suffered substantial losses and wish to serve as lead plaintiff of the Integral Ad Science class action lawsuit, please provide your information in the form on this page. You can also contact attorney J.C. Sanchez or Jennifer N. Caringal of Robbins Geller by calling 800/449-4900 or via e-mail at info@rgrdlaw.com. Lead plaintiff motions for the Integral Ad Science class action lawsuit must be filed with the court no later than March 31, 2025.
CASE ALLEGATIONS: Integral Ad Science operates as a digital advertising verification company.
The Integral Ad Science class action lawsuit alleges that defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (i) Integral Ad Science was experiencing a new material trend of increased competitive pricing pressures and that, as a result, Integral Ad Science had been forced to cut prices to compensate for weakening demand and slowing revenue growth; (ii) Integral Ad Science’s pricing function was no longer “favorable” and Integral Ad Science could not sustain its pricing and drive price increases; (iii) pricing had become a key differentiator between Integral Ad Science and its competitor necessary to close major renewals and new deals; and (iv) the risks that competition “could result in increased pricing pressure” or “could put pressure on us to change our prices” had in fact transpired.
The Integral Ad Science class action lawsuit further alleges that on August 3, 2023, Integral Ad Science reported its second quarter financial results, revealing that the growth of its optimization revenue had meaningfully slowed. On this news, the price of Integral Ad Science stock fell more than 19%, according to the complaint.
Then, on February 27, 2024, the Integral Ad Science class action lawsuit further alleges that Integral Ad Science reported fourth quarter and full year ended December 31, 2023 financial results and reported lackluster guidance for 2024. Specifically, revenue guidance for the first quarter of 2024 was “$111 million to $113 million,” which was below analyst estimates of $119.8 million, and revenue guidance for the full year 2024 was “$530 million to $540 million,” which was below analyst estimates of $544.2 million, according to the complaint. The Integral Ad Science class action lawsuit alleges that on this news, the price of Integral Ad Science stock fell more than 41%.
THE LEAD PLAINTIFF PROCESS: The Private Securities Litigation Reform Act of 1995 permits any investor who purchased Integral Ad Science common stock during the Class Period to seek appointment as lead plaintiff in the Integral Ad Science class action lawsuit. A lead plaintiff is generally the movant with the greatest financial interest in the relief sought by the putative class who is also typical and adequate of the putative class. A lead plaintiff acts on behalf of all other class members in directing the Integral Ad Science class action lawsuit. The lead plaintiff can select a law firm of its choice to litigate the Integral Ad Science class action lawsuit. An investor’s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff of the Integral Ad Science class action lawsuit.
ABOUT ROBBINS GELLER: Robbins Geller Rudman & Dowd LLP is one of the world’s leading law firms representing investors in securities fraud cases. Our Firm has been #1 in the ISS Securities Class Action Services rankings for six out of the last ten years for securing the most monetary relief for investors. We recovered $6.6 billion for investors in securities-related class action cases – over $2.2 billion more than any other law firm in the last four years. With 200 lawyers in 10 offices, Robbins Geller is one of the largest plaintiffs’ firms in the world and the Firm’s attorneys have obtained many of the largest securities class action recoveries in history, including the largest securities class action recovery ever – $7.2 billion – in In re Enron Corp. Sec. Litig.