Boothbay Fund Management LLC Invests $915,000 in IAC Inc. (NASDAQ:IAC)

Boothbay Fund Management LLC acquired a new position in shares of IAC Inc. (NASDAQ:IAC - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 21,210 shares of the company's stock, valued at approximately $915,000.

Several other large investors also recently made changes to their positions in the stock. Aster Capital Management DIFC Ltd grew its stake in IAC by 287.4% in the 4th quarter. Aster Capital Management DIFC Ltd now owns 616 shares of the company's stock valued at $27,000 after buying an additional 457 shares during the last quarter. Bank Julius Baer & Co. Ltd Zurich acquired a new stake in IAC during the 4th quarter worth approximately $41,000. MassMutual Private Wealth & Trust FSB boosted its stake in IAC by 1,398.5% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 2,053 shares of the company's stock valued at $89,000 after purchasing an additional 1,916 shares during the period. Allworth Financial LP boosted its stake in IAC by 1,193.4% in the 4th quarter. Allworth Financial LP now owns 3,337 shares of the company's stock valued at $139,000 after purchasing an additional 3,079 shares during the period. Finally, KBC Group NV grew its holdings in IAC by 22.8% in the 4th quarter. KBC Group NV now owns 3,278 shares of the company's stock valued at $141,000 after buying an additional 608 shares in the last quarter. Institutional investors and hedge funds own 88.90% of the company's stock.

Analyst Ratings Changes

IAC has been the subject of several analyst reports. Barclays dropped their price objective on IAC from $66.00 to $61.00 and set an "overweight" rating for the company in a report on Thursday, February 13th. KeyCorp lifted their price objective on shares of IAC from $60.00 to $64.00 and gave the company an "overweight" rating in a research note on Tuesday, February 18th. JMP Securities cut their target price on IAC from $70.00 to $64.00 and set a "market outperform" rating for the company in a research note on Thursday, February 13th. UBS Group reduced their target price on IAC from $55.00 to $54.00 and set a "neutral" rating on the stock in a report on Thursday, February 13th. Finally, Truist Financial lowered their price target on IAC from $80.00 to $76.00 and set a "buy" rating for the company in a report on Thursday, February 13th. Three equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $62.15.

IAC Trading Down 0.4 %

Shares of IAC stock traded down $0.13 during mid-day trading on Friday, hitting $35.31. The company's stock had a trading volume of 668,257 shares, compared to its average volume of 772,064. IAC Inc. has a 52 week low of $32.05 and a 52 week high of $58.29. The company has a debt-to-equity ratio of 0.31, a quick ratio of 2.75 and a current ratio of 2.80. The company's fifty day simple moving average is $40.32 and its 200-day simple moving average is $44.00. The company has a market cap of $2.74 billion, a PE ratio of -5.42 and a beta of 1.24.

IAC Profile

IAC Inc, together with its subsidiaries, operates as a media and internet company worldwide. The company publishes original and engaging digital content in the form of articles, illustrations, and videos and images across entertainment, food, home, beauty, travel, health, family, luxury, and fashion areas; and magazines related to women and lifestyle.