IAC Inc. (NASDAQ:IAC) Receives $60.31 Average PT from Brokerages

Shares of IAC Inc. (NASDAQ:IAC - Get Free Report) have earned an average rating of "Moderate Buy" from the fifteen analysts that are presently covering the stock, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold recommendation and thirteen have issued a buy recommendation on the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $57.43.

IAC has been the subject of a number of research analyst reports. JMP Securities lowered their price target on IAC from $70.00 to $64.00 and set a "market outperform" rating for the company in a report on Thursday, February 13th. Cowen reissued a "buy" rating on shares of IAC in a report on Monday, May 5th. Benchmark decreased their price target on shares of IAC from $105.00 to $100.00 and set a "buy" rating for the company in a report on Thursday, February 13th. Piper Sandler dropped their price objective on shares of IAC from $54.00 to $44.00 and set a "neutral" rating on the stock in a research note on Wednesday. Finally, KeyCorp decreased their target price on IAC from $64.00 to $49.00 and set an "overweight" rating for the company in a research note on Monday, May 5th.

Institutional Trading of IAC

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Aster Capital Management DIFC Ltd raised its holdings in IAC by 287.4% during 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 in the last quarter. TD Private Client Wealth LLC lifted its holdings 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 buying an additional 429 shares during the period. Parallel Advisors LLC lifted its holdings in shares of 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 buying an additional 583 shares during the period. Fifth Third Bancorp boosted its stake in IAC by 426.1% during the first quarter. Fifth Third Bancorp now owns 626 shares of the company's stock valued at $29,000 after buying an additional 507 shares in the last quarter. Finally, Versant Capital Management Inc grew its holdings in IAC by 118.6% during the first quarter. Versant Capital Management Inc now owns 680 shares of the company's stock worth $31,000 after acquiring an additional 369 shares during the period. 88.90% of the stock is currently owned by institutional investors.

IAC Stock Up 0.7 %

NASDAQ IAC traded up $0.25 during trading hours on Wednesday, reaching $37.02. 1,617,634 shares of the company traded hands, compared to its average volume of 774,284. The stock has a market capitalization of $2.87 billion, a PE ratio of -5.68 and a beta of 1.24. The company has a current ratio of 2.80, a quick ratio of 2.75 and a debt-to-equity ratio of 0.31. IAC has a 12 month low of $32.05 and a 12 month high of $58.29. The company has a 50 day moving average of $39.33 and a two-hundred day moving average of $43.46.

IAC (NASDAQ:IAC - Get Free Report) last issued its quarterly earnings results on Monday, May 5th. The company reported ($2.80) EPS for the quarter, topping the consensus estimate of ($3.94) by $1.14. The business had revenue of $570.49 million for the quarter, compared to analysts' expectations of $809.18 million. IAC had a negative net margin of 14.18% and a negative return on equity of 7.98%. The company's quarterly revenue was down 8.6% compared to the same quarter last year. During the same quarter last year, the company posted $0.51 earnings per share. As a group, equities analysts expect that IAC will post 0.43 earnings per share 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.