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

Key Points

• Analysts give IAC a consensus recommendation of Moderate Buy from 15 firms (10 buys, 4 holds, 1 sell) with an average 1‑year price target of $47.62.
• IAC reported a quarterly EPS of ($0.99), missing the $0.67 consensus while revenue fell 34.7% year‑over‑year to $646M, leaving the company with negative net margin and return on equity.
• Shares trade around $38.85 (52‑week range $29.56–$48.54) with a market cap near $2.76B and a negative P/E, and roughly 88.9% institutional ownership.

Shares of IAC Inc. (NASDAQ:IAC - Get Free Report) have received a consensus recommendation of "Moderate Buy" from the fifteen ratings firms that are covering the company, MarketBeat reports. One analyst has rated the stock with a sell rating, four have assigned a hold rating and ten have issued a buy rating on the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $47.6154.

IAC has been the topic of several research reports. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of IAC in a research report on Thursday, January 22nd. Zacks Research raised IAC from a "strong sell" rating to a "hold" rating in a research note on Wednesday, March 11th. Jefferies Financial Group increased their price objective on IAC from $41.00 to $45.00 and gave the stock a "buy" rating in a report on Thursday, December 11th. JPMorgan Chase & Co. lifted their target price on shares of IAC from $43.00 to $46.00 and gave the company an "overweight" rating in a research note on Friday, December 12th. Finally, Citigroup boosted their target price on shares of IAC from $38.00 to $44.00 and gave the stock a "buy" rating in a research report on Tuesday, February 10th.

IAC Stock Down 2.6%

IAC stock opened at $38.85 on Friday. IAC has a 52-week low of $29.56 and a 52-week high of $48.54. The company's 50 day simple moving average is $37.47 and its 200-day simple moving average is $36.35. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.75 and a quick ratio of 2.75. The firm has a market capitalization of $2.76 billion, a P/E ratio of -29.21 and a beta of 1.09.

IAC (NASDAQ:IAC - Get Free Report) last posted its quarterly earnings results on Tuesday, February 3rd. The company reported ($0.99) earnings per share for the quarter, missing the consensus estimate of $0.67 by ($1.66). IAC had a negative net margin of 4.35% and a negative return on equity of 2.43%. The business had revenue of $645.98 million for the quarter, compared to analyst estimates of $641.01 million. During the same period in the previous year, the firm posted ($2.39) earnings per share. The firm's quarterly revenue was down 34.7% on a year-over-year basis. As a group, equities research analysts anticipate that IAC will post 0.43 EPS for the current year.

Institutional Investors Weigh In On IAC

A number of large investors have recently bought and sold shares of the business. Quantbot Technologies LP bought a new position in shares of IAC in the second quarter valued at approximately $2,924,000. Permanent Capital Management LP bought a new stake in shares of IAC during the 3rd quarter worth $1,732,000. AlphaQuest LLC grew its stake in IAC by 1,127.5% in the 3rd quarter. AlphaQuest LLC now owns 41,257 shares of the company's stock valued at $1,406,000 after buying an additional 37,896 shares during the last quarter. Public Sector Pension Investment Board grew its stake in IAC by 8.7% in the 3rd quarter. Public Sector Pension Investment Board now owns 504,604 shares of the company's stock valued at $17,192,000 after buying an additional 40,468 shares during the last quarter. Finally, Campbell & CO Investment Adviser LLC bought a new position in IAC in the 3rd quarter worth $875,000. 88.90% of the stock is currently owned by institutional investors.

About IAC

IAC NASDAQ: IAC is a publicly traded holding company headquartered in New York City that builds and invests in consumer-focused internet businesses. Through its portfolio of digital media brands, online marketplaces and subscription services, IAC delivers content and connections across a range of verticals, including lifestyle, finance, home services and personal care. The company's operations span North America and parts of Europe, where its brands reach millions of visitors each month.

In the digital publishing space, IAC's Dotdash Meredith division develops original content and data‐driven journalism across more than a dozen specialty sites.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.