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Times Square Capital Management, an equity investment management firm, has released its “US Small Cap Growth Strategy” Investor Letter for Q1 2024. A copy of the letter can be downloaded here. During the quarter, the fund returned 5.77% (net), outperforming the Russell 2000 Growth Index’s 7.58% return. Many stock markets fell in January, but recovered in the following two months, resulting in a strong Q1 2024. Additionally, to learn about the best picks for 2024, check out the fund’s top five holdings.
TimesSquare Capital US Small Cap Growth Strategy covered stocks such as Integral Ad Science Holding Corp. (NASDAQ:IAS) in its Q1 2024 investor letter. Integral Ad Science Holding Corp. (NASDAQ:IAS) is a digital advertising verification company. Integral Ad Science Holding Corp. (NASDAQ:IAS)’s one-month return was -3.46%, and the stock price fell 45.92% over the past 52 weeks. On June 18, 2024, Integral Ad Science Holding Corp. (NASDAQ:IAS)’s stock price closed at $9.48 per share, with a market capitalization of $1.522 billion.
TimesSquare Capital US Small Cap Growth Strategy said the following about Integral Ad Science Holding Corp. (NASDAQ:IAS) in its Q1 2024 investor letter:
“In the communications services sector, we generally prefer to invest in media and services companies that are well positioned in terms of advertising to their target audiences or offer differentiated services. Integral Ad Science Holdings (NASDAQ:IAS) provides digital ad verification services. The company reported a decent fourth quarter, beating revenue and profit expectations. However, its initial 2024 guidance disappointed investors, causing the stock to fall 31%. Management revealed that it is offering more competitive pricing to strategic customers, and while near-term revenue will be affected, it believes there are significant upsell and cross-sell opportunities for this cohort.
Small business owners sitting in a coffee shop discussing digital advertising strategies on a laptop.
Integral Ad Science Holding Corp. (NASDAQ:IAS) is not included in our list of the 31 most popular stocks among hedge funds. According to our database, 24 hedge fund portfolios held Integral Ad Science Holding Corp. (NASDAQ:IAS) at the end of the first quarter, up from 26 in the previous quarter. Integral Ad Science Holding Corp. (NASDAQ:IAS)’s total revenues increased 8% to $114.5 million in the first quarter. While we recognize the investment potential of Integral Ad Science Holding Corp. (NASDAQ:IAS), we believe that AI stocks offer a better chance of delivering higher returns in a shorter time frame. If you are looking for AI stocks that are as promising as NVIDIA but trade at less than 5x price to earnings, check out our report. Cheapest AI Stocks.
In another article, we discussed Integral Ad Science Holding Corp. (NASDAQ:IAS) and shared a list of the best marketing stocks to buy. Additionally, you can find more investor letters from hedge funds and other leading investors on our Hedge Fund Investor Letters Q1 2024 page.
Read next: Michael Burry is selling these shares. and A new dawn dawns for US stocks.
Disclosures: None. This article was originally published on Insider Monkey.
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