Analysts Set IAC Inc. (NASDAQ:IAC) Target Price at $64.31

Shares of IAC Inc. (NASDAQ:IAC - Get Free Report) have earned a consensus recommendation of "Moderate Buy" from the thirteen analysts that are currently covering the stock, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $64.31.

A number of research analysts have commented on IAC shares. Benchmark reduced 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. JMP Securities reduced their price target on shares of IAC from $70.00 to $64.00 and set a "market outperform" rating on the stock in a research report on Thursday, February 13th. Citigroup upped their price objective on IAC from $56.00 to $58.00 and gave the company a "buy" rating in a research note on Friday, January 31st. UBS Group reduced their price target on shares of IAC from $55.00 to $54.00 and set a "neutral" rating on the stock in a research report on Thursday, February 13th. Finally, Truist Financial dropped their price objective on shares of IAC from $80.00 to $76.00 and set a "buy" rating on the stock in a research note on Thursday, February 13th.

Institutional Trading of IAC

Hedge funds have recently added to or reduced their stakes in the business. Sanctuary Advisors LLC increased its holdings in shares of IAC by 581.3% during the third quarter. Sanctuary Advisors LLC now owns 98,307 shares of the company's stock valued at $5,291,000 after purchasing an additional 83,878 shares during the period. Applied Fundamental Research LLC increased its stake in IAC by 12.1% during the 4th quarter. Applied Fundamental Research LLC now owns 416,194 shares of the company's stock valued at $17,955,000 after buying an additional 44,835 shares during the period. Bryce Point Capital LLC bought a new stake in shares of IAC during the 4th quarter worth about $595,000. Barclays PLC lifted its stake in shares of IAC by 922.5% in the 3rd quarter. Barclays PLC now owns 60,737 shares of the company's stock worth $3,268,000 after acquiring an additional 54,797 shares during the period. Finally, Proficio Capital Partners LLC boosted its holdings in shares of IAC by 4,238.5% in the fourth quarter. Proficio Capital Partners LLC now owns 229,419 shares of the company's stock valued at $9,897,000 after acquiring an additional 224,131 shares in the last quarter. Institutional investors own 88.90% of the company's stock.

IAC Stock Up 0.2 %

Shares of IAC traded up $0.07 during trading on Friday, reaching $32.82. The company's stock had a trading volume of 52,381 shares, compared to its average volume of 825,864. IAC has a twelve month low of $32.05 and a twelve month high of $58.29. 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 company has a market cap of $2.54 billion, a price-to-earnings ratio of -5.03 and a beta of 1.24. The company has a fifty day moving average of $42.94 and a two-hundred day moving average of $45.53.

IAC Company 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.