IAC Inc. (NASDAQ:IAC) Shares Bought by GAMMA Investing LLC

GAMMA Investing LLC increased its position in shares of IAC Inc. (NASDAQ:IAC - Free Report) by 14,573.8% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 34,777 shares of the company's stock after buying an additional 34,540 shares during the quarter. GAMMA Investing LLC's holdings in IAC were worth $15,980,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the company. Aster Capital Management DIFC Ltd boosted its holdings in shares of IAC by 287.4% in the fourth quarter. Aster Capital Management DIFC Ltd now owns 616 shares of the company's stock valued at $27,000 after acquiring an additional 457 shares during the period. Versant Capital Management Inc raised its position in IAC by 118.6% in the 1st quarter. Versant Capital Management Inc now owns 680 shares of the company's stock valued at $31,000 after purchasing an additional 369 shares during the last quarter. Bank Julius Baer & Co. Ltd Zurich acquired a new stake in IAC during the 4th quarter worth $41,000. Aquatic Capital Management LLC purchased a new position in IAC during the 4th quarter worth $135,000. Finally, Allworth Financial LP grew its position in IAC by 1,193.4% during the 4th quarter. Allworth Financial LP now owns 3,337 shares of the company's stock worth $139,000 after purchasing an additional 3,079 shares during the last quarter. Institutional investors and hedge funds own 88.90% of the company's stock.

IAC Price Performance

NASDAQ:IAC traded up $0.72 during trading hours on Monday, hitting $36.70. The company's stock had a trading volume of 959,238 shares, compared to its average volume of 809,390. IAC Inc. has a 52-week low of $32.05 and a 52-week high of $55.40. 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 business's 50-day moving average is $35.69 and its two-hundred day moving average is $41.53. The company has a market capitalization of $2.72 billion, a PE ratio of -5.63 and a beta of 1.23.

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

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on IAC shares. JPMorgan Chase & Co. decreased their target price on shares of IAC from $60.00 to $45.00 and set an "overweight" rating for the company in a research note on Tuesday, April 22nd. Oppenheimer reduced their price objective on IAC from $72.00 to $70.00 and set an "outperform" rating for the company in a research note on Thursday, February 13th. The Goldman Sachs Group lowered their target price on IAC from $60.00 to $46.00 and set a "buy" rating on the stock in a research note on Wednesday, May 7th. Citigroup dropped their target price on IAC from $47.55 to $45.00 and set a "buy" rating on the stock in a report on Friday, April 25th. Finally, Benchmark decreased their price target on IAC from $105.00 to $100.00 and set a "buy" rating for the company in a report on Thursday, February 13th. 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.com, IAC currently has a consensus rating of "Moderate Buy" and a consensus price target 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.