Class A shares of ironSource ( NYSE: IS ) fell as much as 8.2% to $2.29 in Monday trading and, if the losses hold, the stock is on track to end a second straight session in the red .
ironSource ( IS ) closed 3.9% lower at $2.49 on Friday.
Tel Aviv, Israel-based ironSource ( IS ) helps mobile content creators and app developers to turn their app into a business using the company's platform.
Deutsche Bank research on Monday reiterated its buy rating on IS, while reducing the price target on the stock by a dollar to $5, which is almost exactly double IS' last closing price of $2.49.
"Based on our conversations with several industry constituents along with third party data analysis, we expect ironSource to report roughly in-line 2Q results," said Deutsche Bank analyst Bhavin Shah.
"Our conversations and analysis both point to a continued slowdown in engagement, particularly within gaming and hypercasual gaming," Shah added.
Last week, Citigroup lowered its price target on IS to $4.70 from $5, while keeping is buy rating unchanged.
Deutsche Bank's buy rating compares to a Wall Street average rating and a SA Authors rating of strong buy. The Quant rating on the stock is strong sell.
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ironSource stock on track for two-day losing streak; Deutsche Bank cuts PT to $5