17,700 Shares in IAC Inc. (NASDAQ:IAC) Purchased by FNY Investment Advisers LLC

FNY Investment Advisers LLC purchased a new position in IAC Inc. (NASDAQ:IAC - Free Report) in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 17,700 shares of the company's stock, valued at approximately $813,000.

Other hedge funds have also bought and sold shares of the company. Aster Capital Management DIFC Ltd grew its stake in IAC by 287.4% in the fourth quarter. Aster Capital Management DIFC Ltd now owns 616 shares of the company's stock worth $27,000 after purchasing an additional 457 shares in the last quarter. Parallel Advisors LLC boosted its stake in IAC by 1,422.0% in the first quarter. Parallel Advisors LLC now owns 624 shares of the company's stock valued at $29,000 after acquiring an additional 583 shares during the period. Fifth Third Bancorp boosted its stake in IAC by 426.1% in the first quarter. Fifth Third Bancorp now owns 626 shares of the company's stock valued at $29,000 after acquiring an additional 507 shares during the period. Versant Capital Management Inc boosted its stake in IAC by 118.6% in the first quarter. Versant Capital Management Inc now owns 680 shares of the company's stock valued at $31,000 after acquiring an additional 369 shares during the period. Finally, GAMMA Investing LLC boosted its stake in IAC by 219.4% in the first quarter. GAMMA Investing LLC now owns 757 shares of the company's stock valued at $35,000 after acquiring an additional 520 shares during the period. 88.90% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have commented on IAC shares. Cowen restated a "buy" rating on shares of IAC in a research note on Monday, May 5th. The Goldman Sachs Group reduced their price objective on IAC from $60.00 to $46.00 and set a "buy" rating for the company in a research report on Wednesday, May 7th. KeyCorp decreased their price objective on IAC from $64.00 to $49.00 and set an "overweight" rating for the company in a report on Monday, May 5th. JMP Securities lowered their price target on IAC from $64.00 to $47.00 and set a "market outperform" rating on the stock in a report on Tuesday, June 10th. Finally, UBS Group lowered their price target on IAC from $54.00 to $38.00 and set a "neutral" rating on the stock in a report on Wednesday, May 7th. Two research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat, IAC currently has a consensus rating of "Moderate Buy" and an average price target of $54.08.

IAC Price Performance

Shares of NASDAQ:IAC opened at $35.75 on Monday. IAC Inc. has a one year low of $32.05 and a one year high of $55.40. The stock has a fifty day moving average of $35.76 and a 200-day moving average of $41.14. The company has a market capitalization of $2.65 billion, a PE ratio of -5.48 and a beta of 1.23. The company has a debt-to-equity ratio of 0.31, a quick ratio of 2.75 and a current ratio of 2.80.

IAC (NASDAQ:IAC - Get Free Report) last announced its quarterly earnings data on Monday, May 5th. The company reported ($2.80) EPS for the quarter, beating analysts' consensus estimates of ($3.94) by $1.14. IAC had a negative return on equity of 7.98% and a negative net margin of 14.18%. The company had revenue of $570.49 million during the quarter, compared to the consensus estimate of $809.18 million. During the same quarter in the prior year, the firm earned $0.51 EPS. The company's quarterly revenue was down 8.6% compared to the same quarter last year. As a group, equities analysts anticipate that IAC Inc. will post 0.43 EPS for the current fiscal year.

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.

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