Overview

A class action lawsuit has been filed against Integral Ad Science Holding Corp. (“IAS” or the “Company”) and certain of the Company’s former senior executive officers alleging violations of the federal securities laws.  The Company’s common stock trades in an efficient market on the NASDAQ under the ticker symbol “IAS.”

The IAS class action lawsuit is brought on behalf of all persons and entities who purchased or otherwise acquired IAS common stock between March 2, 2023, and February 27, 2024, both dates inclusive (the “Class Period”).  Investors have until March 31, 2025, to seek appointment as lead plaintiff in the IAS class action lawsuit.

IAS is a global software company specializing in digital advertising.  IAS offers a suite of digital ad verification and optimization solutions, which helps advertisers and publishers ensure that every digital ad reaches real consumers in brand-appropriate environments and has the opportunity to be seen by consumers.  These solutions are designed to enable advertisers to optimize their ad spending and better measure consumer engagement with campaigns across platforms, while enabling publishers to improve their inventory yield and revenue.  The ad verification and measurement industry are dominated by IAS and its main competitor DoubleVerify, Inc.

The IAS class action lawsuit alleges that IAS emphasized strong demand and pricing power.  However, by February 2023, senior management privately acknowledged weakening demand and increasing pricing pressure.  Internal reports revealed that IAS was cutting rates to retain customers, but the Company concealed these issues from investors, instead touting its favorable pricing structure and growing demand.

On August 3, 2023, IAS reported slowing optimization revenue growth, leading to a 20% stock decline.  However, the Company continued to downplay pricing challenges.  The full impact was disclosed on February 27, 2024, when IAS reported disappointing fourth quarter of 2023 results and admitted to widespread price cuts.  The next day, its stock price plummeted by 41% to $10.01 per share.  Analysts were shocked, stating that IAS’s competitive pricing struggles had been unexpected.

*          *          *

If you purchased or otherwise acquired IAS common stock between March 2, 2023, and February 27, 2024, both dates inclusive, and you wish to serve as lead plaintiff in this lawsuit, we encourage you to submit your information to DiCello Levitt LLP via the form on this page. 

You can also contact DiCello Levitt partner Brian O’Mara by calling (888) 287-9005 or at investors@dicellolevitt.com. 

The deadline to apply to the Court to serve as lead plaintiff in the IAS class action lawsuit is March 31, 2025.