IAC Inc. (NASDAQ:IAC) Given Consensus Rating of "Moderate Buy" by Analysts

IAC Inc. (NASDAQ:IAC - Get Free Report) has earned an average recommendation of "Moderate Buy" from the fourteen brokerages that are presently covering the company, Marketbeat.com reports. Two research analysts have rated the stock with a hold recommendation and twelve have assigned a buy recommendation to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $54.08.

Several equities research analysts recently commented on IAC shares. JMP Securities dropped their price objective on shares of IAC from $64.00 to $47.00 and set a "market outperform" rating on the stock in a research note on Tuesday, June 10th. KeyCorp dropped their price objective on shares of IAC from $64.00 to $49.00 and set an "overweight" rating on the stock in a research note on Monday, May 5th. JPMorgan Chase & Co. dropped their price objective on shares of IAC from $60.00 to $45.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 22nd. Barclays dropped their price objective on shares of IAC from $61.00 to $52.00 and set an "overweight" rating on the stock in a research note on Tuesday, May 6th. Finally, Cowen reiterated a "buy" rating on shares of IAC in a research note on Monday, May 5th.

IAC Stock Up 1.7%

NASDAQ:IAC traded up $0.64 during mid-day trading on Thursday, hitting $37.54. 1,087,021 shares of the company's stock were exchanged, compared to its average volume of 833,035. IAC has a one year low of $32.05 and a one year high of $55.40. 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 business has a fifty day moving average price of $36.40 and a 200 day moving average price of $40.41. The company has a market cap of $2.78 billion, a PE ratio of -3.88 and a beta of 1.23.

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Commonwealth Equity Services LLC lifted its position in IAC by 2.9% during the fourth quarter. Commonwealth Equity Services LLC now owns 11,532 shares of the company's stock valued at $497,000 after purchasing an additional 320 shares during the period. Bleakley Financial Group LLC lifted its position in IAC by 1.0% during the first quarter. Bleakley Financial Group LLC now owns 33,097 shares of the company's stock valued at $1,520,000 after purchasing an additional 324 shares during the period. Versant Capital Management Inc lifted its position in IAC by 118.6% during the first 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 period. US Bancorp DE lifted its position in IAC by 21.9% during the first quarter. US Bancorp DE now owns 2,234 shares of the company's stock valued at $103,000 after purchasing an additional 401 shares during the period. Finally, TD Private Client Wealth LLC lifted its position in IAC by 282.2% during the first quarter. TD Private Client Wealth LLC now owns 581 shares of the company's stock valued at $27,000 after purchasing an additional 429 shares during the period. Institutional investors own 88.90% of the company's stock.

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.