IAC Inc. (NASDAQ:IAC) Receives Consensus Rating of "Moderate Buy" from Analysts

Shares of IAC Inc. (NASDAQ:IAC - Get Free Report) have earned a consensus rating of "Moderate Buy" from the fourteen analysts that are currently covering the stock, MarketBeat reports. Two equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $55.38.

A number of research analysts recently commented on IAC shares. Barclays decreased their price objective on IAC from $61.00 to $52.00 and set an "overweight" rating on the stock in a report on Tuesday, May 6th. Cowen reaffirmed a "buy" rating on shares of IAC in a research note on Monday, May 5th. Oppenheimer lowered their price target on IAC from $72.00 to $70.00 and set an "outperform" rating for the company in a report on Thursday, February 13th. Piper Sandler reduced their price objective on shares of IAC from $54.00 to $44.00 and set a "neutral" rating on the stock in a report on Wednesday, May 7th. Finally, Citigroup decreased their target price on shares of IAC from $47.55 to $45.00 and set a "buy" rating on the stock in a research report on Friday, April 25th.

Institutional Investors Weigh In On IAC

Several large investors have recently added to or reduced their stakes in IAC. Aster Capital Management DIFC Ltd boosted its position in IAC by 287.4% in the 4th quarter. Aster Capital Management DIFC Ltd now owns 616 shares of the company's stock valued at $27,000 after buying an additional 457 shares during the period. TD Private Client Wealth LLC raised its stake 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 valued at $27,000 after acquiring an additional 429 shares in the last quarter. Parallel Advisors LLC boosted its holdings in IAC by 1,422.0% in 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 during the period. Fifth Third Bancorp boosted its holdings in IAC by 426.1% in the first quarter. Fifth Third Bancorp now owns 626 shares of the company's stock valued at $29,000 after purchasing an additional 507 shares during the period. Finally, Versant Capital Management Inc grew its stake in IAC by 118.6% during the 1st quarter. Versant Capital Management Inc now owns 680 shares of the company's stock worth $31,000 after purchasing an additional 369 shares in the last quarter. 88.90% of the stock is owned by hedge funds and other institutional investors.

IAC Trading Down 1.4%

Shares of NASDAQ IAC traded down $0.50 during trading on Friday, hitting $35.81. 1,426,340 shares of the company were exchanged, compared to its average volume of 798,118. The company has a fifty day moving average price of $36.66 and a 200-day moving average price of $41.96. The company has a debt-to-equity ratio of 0.31, a quick ratio of 2.75 and a current ratio of 2.80. The firm has a market capitalization of $2.65 billion, a PE ratio of -5.49 and a beta of 1.24. IAC has a 12-month low of $32.05 and a 12-month 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 for the quarter, beating the consensus estimate of ($3.94) by $1.14. The company had revenue of $570.49 million for the quarter, compared to analyst estimates of $809.18 million. IAC had a negative net margin of 14.18% and a negative return on equity of 7.98%. IAC's revenue was down 8.6% on a year-over-year basis. During the same period in the previous year, the business posted $0.51 EPS. As a group, equities research analysts expect that IAC will post 0.43 EPS for the current year.

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.