29,088 Shares in IAC Inc. (NASDAQ:IAC) Purchased by Poehling Capital Management INC.

Poehling Capital Management INC. acquired a new position in IAC Inc. (NASDAQ:IAC - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 29,088 shares of the company's stock, valued at approximately $1,255,000.

Other institutional investors have also modified their holdings of the company. Aster Capital Management DIFC Ltd boosted its holdings in shares of 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 in the last quarter. Bank Julius Baer & Co. Ltd Zurich bought a new stake in shares of IAC in the 4th quarter valued at about $41,000. MassMutual Private Wealth & Trust FSB boosted its holdings in shares of 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 buying an additional 1,916 shares in the last quarter. Aquatic Capital Management LLC bought a new stake in shares of IAC in the 4th quarter valued at about $135,000. Finally, Allworth Financial LP boosted its holdings in shares of 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 buying an additional 3,079 shares in the last quarter. 88.90% of the stock is currently owned by institutional investors.

IAC Stock Performance

IAC opened at $36.55 on Thursday. IAC Inc. has a 12-month low of $32.05 and a 12-month high of $55.40. The company has a current ratio of 2.80, a quick ratio of 2.75 and a debt-to-equity ratio of 0.31. The firm has a market capitalization of $2.71 billion, a PE ratio of -5.61 and a beta of 1.24. The firm has a 50 day moving average of $38.34 and a two-hundred day moving average of $42.76.

IAC (NASDAQ:IAC - Get Free Report) last posted its quarterly earnings results on Monday, May 5th. The company reported ($2.80) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($3.94) by $1.14. IAC had a negative net margin of 14.18% and a negative return on equity of 7.98%. The company had revenue of $570.49 million during the quarter, compared to analyst estimates of $809.18 million. During the same period last year, the firm posted $0.51 EPS. IAC's revenue for the quarter was down 8.6% compared to the same quarter last year. On average, analysts anticipate that IAC Inc. will post 0.43 EPS for the current year.

Analyst Ratings Changes

IAC has been the topic of a number of recent analyst reports. Citigroup lowered their price target on shares of IAC from $47.55 to $45.00 and set a "buy" rating on the stock in a report on Friday, April 25th. Cowen restated a "buy" rating on shares of IAC in a report on Monday, May 5th. Benchmark decreased their price objective on shares of IAC from $105.00 to $100.00 and set a "buy" rating for the company in a research report on Thursday, February 13th. Piper Sandler decreased their price objective on shares of IAC from $54.00 to $44.00 and set a "neutral" rating for the company in a research report on Wednesday, May 7th. Finally, The Goldman Sachs Group decreased their price objective on shares of IAC from $60.00 to $46.00 and set a "buy" rating for the company in a research report on Wednesday, May 7th. Two investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $55.38.

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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