Ursa Fund Management LLC bought a new position in shares of IAC Inc. (NASDAQ:IAC - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 15,000 shares of the company's stock, valued at approximately $647,000. IAC comprises 0.0% of Ursa Fund Management LLC's portfolio, making the stock its 4th largest position.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Applied Fundamental Research LLC increased its stake in IAC by 12.1% in the fourth quarter. Applied Fundamental Research LLC now owns 416,194 shares of the company's stock valued at $17,955,000 after acquiring an additional 44,835 shares during the period. Bryce Point Capital LLC bought a new stake in IAC during the fourth quarter worth about $595,000. Barclays PLC grew its stake in IAC by 922.5% during the third quarter. Barclays PLC now owns 60,737 shares of the company's stock worth $3,268,000 after buying an additional 54,797 shares during the last quarter. Proficio Capital Partners LLC grew its stake in IAC by 4,238.5% during the fourth quarter. Proficio Capital Partners LLC now owns 229,419 shares of the company's stock worth $9,897,000 after buying an additional 224,131 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in IAC by 2.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 967,260 shares of the company's stock worth $41,728,000 after buying an additional 19,148 shares during the last quarter. Institutional investors and hedge funds own 88.90% of the company's stock.
Analyst Upgrades and Downgrades
IAC has been the topic of several research analyst reports. Benchmark decreased their price objective on shares of IAC from $105.00 to $100.00 and set a "buy" rating on the stock in a research note on Thursday, February 13th. UBS Group cut their price objective on shares of IAC from $54.00 to $38.00 and set a "neutral" rating on the stock in a report on Wednesday, May 7th. KeyCorp cut their price objective on shares of IAC from $64.00 to $49.00 and set an "overweight" rating on the stock in a report on Monday, May 5th. Cowen reiterated a "buy" rating on shares of IAC in a report on Monday, May 5th. Finally, JMP Securities dropped their price objective on shares of IAC from $70.00 to $64.00 and set a "market outperform" rating on the stock in a report on Thursday, February 13th. Two investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $55.38.
Read Our Latest Stock Analysis on IAC
IAC Stock Performance
Shares of NASDAQ IAC traded down $0.22 during mid-day trading on Friday, reaching $36.31. 889,421 shares of the company were exchanged, compared to its average volume of 790,465. The company's 50-day simple moving average is $37.91 and its 200-day simple moving average is $42.49. The company has a quick ratio of 2.75, a current ratio of 2.80 and a debt-to-equity ratio of 0.31. The stock has a market capitalization of $2.69 billion, a P/E ratio of -5.57 and a beta of 1.24. IAC Inc. has a twelve month low of $32.05 and a twelve month high of $55.40.
IAC (NASDAQ:IAC - Get Free Report) last posted its 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 analysts' expectations of $809.18 million. During the same quarter last year, the company posted $0.51 EPS. IAC's quarterly revenue was down 8.6% compared to the same quarter last year. As a group, research analysts predict that IAC Inc. will post 0.43 earnings per share for the current year.
About IAC
(
Free Report)
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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