NEW YORK, NY / ACCESSWIRE / March 27, 2024 / Levi & Korsinsky notifies investors that it has commenced an investigation of Integral Ad Science Holding Corp. ("Integral Ad Science") (NASDAQ:IAS) concerning possible violations of federal securities laws.
On February 27, 2024, Integral guided its top-line growth would be cut in half for the first quarter 2024. This guidance was substantially below that anticipated by financial analysts, with one analyst expressing being "blindsided" by the announcement. The reduction was due to heavy pricing concessions IAS gave to nearly a dozen major customers during a recent round of contract negotiations, which eroded the Company's revenues. The Company cited enhanced competition as the reason for the pricing incentives. Following this news about the pricing incentives, IAS shares tumbled $7.09/share, closing at $10.01 on February 28, 2024. To obtain additional information, go to:
https://zlk.com/pslra-1/integral-ad-science-lawsuit-submission-form?prid=72899&wire=1
or contact Joseph E. Levi, Esq. either via email at [email protected] or by telephone at (212) 363-7500.
WHY LEVI & KORSINSKY: Over the past 20 years, Levi & Korsinsky LLP has established itself as a nationally-recognized securities litigation firm that has secured hundreds of millions of dollars for aggrieved shareholders and built a track record of winning high-stakes cases. The firm has extensive expertise representing investors in complex securities litigation and a team of over 70 employees to serve our clients. For seven years in a row, Levi & Korsinsky has ranked in ISS Securities Class Action Services' Top 50 Report as one of the top securities litigation firms in the United States. Attorney Advertising. Prior results do not guarantee similar outcomes.
CONTACT:
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
Ed Korsinsky, Esq.
33 Whitehall Street, 17th Floor
New York, NY 10004
[email protected]
Tel: (212) 363-7500
Fax: (212) 363-7171
https://zlk.com/
SOURCE: Levi & Korsinsky, LLP