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

IAC Inc. (NASDAQ:IAC - Get Free Report) has been given a consensus recommendation of "Moderate Buy" by the fourteen brokerages that are covering the firm, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold recommendation and twelve have given a buy recommendation to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $54.08.

Several equities analysts have issued reports on the stock. UBS Group dropped their price objective on shares of IAC from $54.00 to $38.00 and set a "neutral" rating on the stock in a research note on Wednesday, May 7th. Piper Sandler lowered their price target on shares of IAC from $54.00 to $44.00 and set a "neutral" rating on the stock in a research note on Wednesday, May 7th. JPMorgan Chase & Co. lowered their price target 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. Citigroup lowered their price objective on shares of IAC from $47.55 to $45.00 and set a "buy" rating on the stock in a research note on Friday, April 25th. Finally, Cowen reissued a "buy" rating on shares of IAC in a research note on Monday, May 5th.

Institutional Investors Weigh In On IAC

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Aster Capital Management DIFC Ltd raised its stake 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 worth $27,000 after purchasing an additional 457 shares during the last quarter. TD Private Client Wealth LLC raised its position in shares of 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 buying an additional 429 shares in the last quarter. Parallel Advisors LLC raised its position in IAC by 1,422.0% during the first quarter. Parallel Advisors LLC now owns 624 shares of the company's stock valued at $29,000 after purchasing an additional 583 shares in the last quarter. Fifth Third Bancorp increased its holdings in shares of IAC by 426.1% in the first quarter. Fifth Third Bancorp now owns 626 shares of the company's stock worth $29,000 after buying an additional 507 shares during the period. Finally, Versant Capital Management Inc increased its holdings 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 buying an additional 369 shares during the period. Institutional investors own 88.90% of the company's stock.

IAC Price Performance

IAC stock traded up $0.01 during trading on Monday, hitting $40.77. 609,096 shares of the company's stock traded hands, compared to its average volume of 834,694. The business has a fifty day simple moving average of $37.79 and a 200 day simple moving average of $40.07. The stock has a market capitalization of $3.02 billion, a price-to-earnings ratio of -4.22 and a beta of 1.23. The company has a debt-to-equity ratio of 0.30, a quick ratio of 2.70 and a current ratio of 2.70. IAC has a 52 week low of $32.05 and a 52 week 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, beating 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 firm had revenue of $570.49 million during the quarter, compared to analysts' expectations of $809.18 million. During the same period in the previous year, the business posted $0.51 EPS. The business's revenue was down 8.6% compared to the same quarter last year. As a group, research analysts expect 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.