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

Key Points

• IAC Inc. has received a consensus recommendation of "Moderate Buy" from fourteen research firms, with 12 analysts issuing buy ratings and 2 analysts rating the stock as hold.
• The average one-year target price for IAC stock among analysts is $47.92, reflecting recent adjustments from firms such as UBS and Barclays.
• Despite reporting a negative net margin and a year-over-year revenue decline, IAC managed to exceed earnings estimates with an EPS of $2.57 for the last quarter.

IAC Inc. (NASDAQ:IAC - Get Free Report) has been given an average recommendation of "Moderate Buy" by the fourteen brokerages that are presently covering the firm, MarketBeat reports. Two analysts have rated the stock with a hold rating and twelve have issued a buy rating on the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $47.9231.

A number of equities analysts recently issued reports on the company. UBS Group boosted their price objective on IAC from $38.00 to $41.00 and gave the company a "neutral" rating in a report on Wednesday, August 6th. The Goldman Sachs Group decreased their price target on shares of IAC from $60.00 to $46.00 and set a "buy" rating for the company in a research report on Wednesday, May 7th. Barclays dropped their target price on IAC from $61.00 to $52.00 and set an "overweight" rating on the stock in a research note on Tuesday, May 6th. Truist Financial cut their price target on shares of IAC from $61.00 to $57.00 and set a "buy" rating on the stock in a research note on Wednesday, August 6th. Finally, Piper Sandler reduced their price objective on IAC from $44.00 to $39.00 and set a "neutral" rating for the company in a research note on Wednesday, August 6th.

Institutional Investors Weigh In On IAC

A number of hedge funds have recently added to or reduced their stakes in IAC. TD Private Client Wealth LLC grew its stake in IAC by 282.2% in the 1st 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 during the last quarter. Parallel Advisors LLC increased its stake 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 last quarter. Fifth Third Bancorp boosted its holdings in shares of IAC by 426.1% in the 1st 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 last quarter. Versant Capital Management Inc grew 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 acquiring an additional 369 shares during the period. Finally, GAMMA Investing LLC increased its position in IAC by 219.4% during the 1st quarter. GAMMA Investing LLC now owns 757 shares of the company's stock worth $35,000 after purchasing an additional 520 shares in the last quarter. Institutional investors and hedge funds own 88.90% of the company's stock.

IAC Stock Performance

Shares of NASDAQ IAC traded up $0.30 during trading on Friday, reaching $35.54. 159,182 shares of the company traded hands, compared to its average volume of 1,099,669. The company has a quick ratio of 2.87, a current ratio of 2.87 and a debt-to-equity ratio of 0.29. IAC has a 52-week low of $32.04 and a 52-week high of $55.40. The stock has a market capitalization of $2.64 billion, a PE ratio of -6.60 and a beta of 1.23. The firm has a 50 day simple moving average of $38.04 and a 200-day simple moving average of $39.37.

IAC (NASDAQ:IAC - Get Free Report) last issued its earnings results on Monday, August 4th. The company reported $2.57 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.30) by $2.87. IAC had a negative return on equity of 8.23% and a negative net margin of 14.52%. The company had revenue of $586.93 million for the quarter, compared to the consensus estimate of $601.38 million. During the same quarter last year, the company earned ($1.71) EPS. The firm's quarterly revenue was down 7.5% on a year-over-year basis. Equities research analysts anticipate that IAC will post 0.43 earnings per share for the current 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.