IAC Inc. (NASDAQ:IAC) Receives Average Recommendation of "Moderate Buy" from Brokerages

IAC Inc. (NASDAQ:IAC - Get Free Report) has been assigned a consensus rating of "Moderate Buy" from the fourteen research firms that are currently covering the company, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold rating and twelve have issued a buy rating on the company. The average 12-month price target among brokerages that have covered the stock in the last year is $54.08.

Several research firms have recently issued reports on IAC. The Goldman Sachs Group lowered their price objective on IAC from $60.00 to $46.00 and set a "buy" rating for the company in a research note on Wednesday, May 7th. Cowen reiterated a "buy" rating on shares of IAC in a report on Monday, May 5th. UBS Group dropped their price objective on IAC from $54.00 to $38.00 and set a "neutral" rating on the stock in a research note on Wednesday, May 7th. Citigroup dropped their price objective on IAC from $47.55 to $45.00 and set a "buy" rating on the stock in a research note on Friday, April 25th. Finally, JPMorgan Chase & Co. lowered their target price on IAC from $60.00 to $45.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 22nd.

Institutional Trading of IAC

Hedge funds have recently bought and sold shares of the company. Aster Capital Management DIFC Ltd lifted its position in 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 purchasing an additional 457 shares during the last quarter. TD Private Client Wealth LLC grew its stake in IAC by 282.2% in the first quarter. TD Private Client Wealth LLC now owns 581 shares of the company's stock worth $27,000 after purchasing an additional 429 shares during the period. Parallel Advisors LLC grew its stake in IAC by 1,422.0% in the first quarter. Parallel Advisors LLC now owns 624 shares of the company's stock worth $29,000 after purchasing an additional 583 shares during the period. Fifth Third Bancorp grew its stake in IAC by 426.1% in the first quarter. Fifth Third Bancorp now owns 626 shares of the company's stock worth $29,000 after purchasing an additional 507 shares during the period. Finally, Versant Capital Management Inc grew its stake in shares of IAC by 118.6% in the first quarter. Versant Capital Management Inc now owns 680 shares of the company's stock worth $31,000 after acquiring an additional 369 shares during the last quarter. Institutional investors own 88.90% of the company's stock.

IAC Price Performance

IAC traded up $0.51 on Thursday, hitting $36.90. 605,971 shares of the stock were exchanged, compared to its average volume of 832,058. IAC has a 12 month low of $32.05 and a 12 month high of $55.40. The business has a 50-day moving average of $36.23 and a two-hundred day moving average of $40.64. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.70 and a quick ratio of 2.70. The firm has a market capitalization of $2.73 billion, a price-to-earnings ratio of -3.82 and a beta of 1.23.

IAC (NASDAQ:IAC - Get Free Report) last issued its earnings results on Monday, May 5th. The company reported ($2.80) EPS for the quarter, topping the consensus estimate of ($3.94) by $1.14. The firm had revenue of $570.49 million during the quarter, compared to the consensus estimate of $809.18 million. IAC had a negative return on equity of 11.11% and a negative net margin of 23.25%. The business's quarterly revenue was down 8.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.51 earnings per share. Sell-side analysts forecast that IAC will post 0.43 EPS for the current fiscal year.

About IAC

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.