Zacks: Analysts Anticipate ironSource Ltd. (NYSE:IS) Will Post Quarterly Sales of $144.28 Million

Analysts predict that ironSource Ltd. (NYSE:IS) will post $144.28 million in sales for the current quarter, Zacks reports. Four analysts have issued estimates for ironSource’s earnings, with estimates ranging from $142.60 million to $147.50 million. The company is expected to report its next earnings results on Wednesday, February 9th.

According to Zacks, analysts expect that ironSource will report full-year sales of $539.85 million for the current year, with estimates ranging from $537.80 million to $542.70 million. For the next financial year, analysts expect that the firm will post sales of $701.53 million, with estimates ranging from $687.00 million to $716.50 million. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research firms that that provide coverage for ironSource.

IS has been the topic of a number of recent research reports. Credit Suisse Group initiated coverage on shares of ironSource in a research note on Thursday, October 14th. They set an “outperform” rating and a $16.00 price target on the stock. Tigress Financial initiated coverage on shares of ironSource in a research note on Friday, November 5th. They set a “buy” rating and a $16.00 price target on the stock. BTIG Research initiated coverage on shares of ironSource in a research note on Wednesday, October 27th. They set a “buy” rating and a $15.00 price target on the stock. Macquarie initiated coverage on shares of ironSource in a research note on Tuesday, August 31st. They set a “neutral” rating and a $11.00 price target on the stock. Finally, Wedbush upped their price target on shares of ironSource from $12.00 to $14.00 and gave the company an “outperform” rating in a research note on Thursday, October 14th. Two investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of $13.06.

Shares of ironSource stock traded up $0.04 on Thursday, reaching $9.11. 1,334,549 shares of the company traded hands, compared to its average volume of 1,762,159. ironSource has a 52 week low of $7.80 and a 52 week high of $13.14. The business has a 50 day moving average of $11.07.

Several institutional investors have recently bought and sold shares of the company. Morgan Stanley raised its position in shares of ironSource by 37.6% during the 3rd quarter. Morgan Stanley now owns 24,627,999 shares of the company’s stock valued at $267,707,000 after buying an additional 6,727,564 shares in the last quarter. Capital World Investors raised its position in shares of ironSource by 57.6% during the 3rd quarter. Capital World Investors now owns 23,644,317 shares of the company’s stock valued at $257,014,000 after buying an additional 8,644,317 shares in the last quarter. Neuberger Berman Group LLC raised its position in shares of ironSource by 9,773.4% during the 3rd quarter. Neuberger Berman Group LLC now owns 15,108,832 shares of the company’s stock valued at $164,233,000 after buying an additional 14,955,807 shares in the last quarter. Wellington Management Group LLP raised its position in shares of ironSource by 51.7% during the 3rd quarter. Wellington Management Group LLP now owns 12,483,772 shares of the company’s stock valued at $135,699,000 after buying an additional 4,254,959 shares in the last quarter. Finally, Indaba Capital Management L.P. raised its position in shares of ironSource by 9.8% during the 3rd quarter. Indaba Capital Management L.P. now owns 9,248,263 shares of the company’s stock valued at $100,529,000 after buying an additional 825,500 shares in the last quarter. Hedge funds and other institutional investors own 15.90% of the company’s stock.

About ironSource

ironSource Ltd. operates a business platform for app developers and telecom operators. Its platforms include Sonic solution suite that supports developers to launch, monetize, and scale their apps and games by providing solutions for app discovery, user growth, content monetization, analytics, and publishing; and Aura solution suite, which allows telecom operators to enrich the device experience by creating new engagement touchpoints that deliver relevant content for their users across the entire lifecycle of the device.

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Earnings History and Estimates for ironSource (NYSE:IS)

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