William Blair & Company LLC

07/26/2021 | Press release | Distributed by Public on 07/26/2021 08:23

ironSource Ltd.: Initiation of Research Coverage

William Blair initiated research coverage of ironSource Ltd. (IS $9.05), is a leading platform provider of tools to help content creators grow and prosper in the app economy.

Analyst Bhavan Suri estimated that the company would generate revenue of $487 million in 2021 and $648 million in 2022.

'The company's end-to-end platform allows developers to scale their apps from idea to sustainable businesses by connecting user growth and monetization strategies and leveraging data and analytics to fuel a robust cycle of profitable reinvestment,' Suri said. 'Effectively, the ironSource platform allows app developers to focus on what they do best-creating engaging and differentiated content for their users. In addition, the company offers telecom operators the ability to monetize the most valuable device real estate-the home screen-with an on-device distribution channel that enhances the overall user experience by generating relevant content and engaging touchpoints across the lifecycle of a device.'

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*Includes strategic partnerships with Allier Capital, BDA Partners, and Poalim Capital Markets.

William Blair or an affiliate does and seeks to do business with companies covered in its research reports. As a result, investors should be aware that the firm may have a conflict of interest that could affect the objectivity of this report. This report is not intended to provide personal investment advice. The opinions and recommendations herein do not take into account individual client circumstances, objectives, or needs and are not intended as recommendations of particular securities, financial instruments, or strategies to particular clients. The recipient of this report must make its own independent decisions regarding any securities or financial instruments mentioned herein.

William Blair or an affiliate is a market maker in the security of ironSource Ltd.

William Blair or an affiliate expects to receive or intends to seek compensation for investment banking services from ironSource Ltd. or an affiliate within the next three months.

William Blair or an affiliate received compensation for investment banking services or non-investment-banking services from ironSource Ltd. within the last 12 months. ironSource Ltd. is or was, within the last 12 months, an investment banking client of William Blair & Company and/or one or more of its affiliates.

Officers and employees of William Blair or its affiliates (other than research analysts) may have a financial interest in the securities of ironSource Ltd.

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Current Ratings Distribution (as of 7/23/21)

Coverage Universe
Outperform (Buy): 77%
Market Perform (Hold): 23%
Underperform (Sell): 1%

Inv. Banking Relationships*
Outperform (Buy): 30%
Market Perform (Hold): 11%
Underperform (Sell): 0%

* Percentage of companies in each rating category that are investment banking clients, defined as companies for which William Blair has received compensation for investment banking services within the past 12 months.

The compensation of the research analyst is based on a variety of factors, including the quality and accuracy of research, client feedback, contributions to other firm departments, competitive factors, and firm profitability.

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