IAC (NASDAQ:IAC) Given New $45.00 Price Target at Citigroup

IAC (NASDAQ:IAC - Free Report) had its target price cut by Citigroup from $47.55 to $45.00 in a research report sent to investors on Friday,Benzinga reports. They currently have a buy rating on the stock.

Several other equities research analysts have also recently issued reports on the company. UBS Group dropped their price target on shares of IAC from $55.00 to $54.00 and set a "neutral" rating for the company in a research report on Thursday, February 13th. Benchmark decreased their target price on IAC from $105.00 to $100.00 and set a "buy" rating for the company in a research report on Thursday, February 13th. JPMorgan Chase & Co. reduced their price target on IAC from $60.00 to $45.00 and set an "overweight" rating for the company in a report on Tuesday, April 22nd. Barclays dropped their price target on IAC from $66.00 to $61.00 and set an "overweight" rating on the stock in a research report on Thursday, February 13th. Finally, KeyCorp lifted their target price on IAC from $60.00 to $64.00 and gave the company an "overweight" rating in a research note on Tuesday, February 18th. Three investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $62.15.

IAC Stock Performance

IAC traded down $0.81 on Friday, reaching $34.98. The company had a trading volume of 253,999 shares, compared to its average volume of 839,660. The stock has a 50-day moving average price of $40.96 and a 200-day moving average price of $44.38. The stock has a market capitalization of $2.71 billion, a PE ratio of -5.37 and a beta of 1.24. IAC has a 1 year low of $32.05 and a 1 year high of $58.29. The company has a quick ratio of 2.75, a current ratio of 2.80 and a debt-to-equity ratio of 0.31.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Applied Fundamental Research LLC grew its stake in IAC by 12.1% in the fourth quarter. Applied Fundamental Research LLC now owns 416,194 shares of the company's stock valued at $17,955,000 after purchasing an additional 44,835 shares during the last quarter. Bryce Point Capital LLC purchased a new position in shares of IAC during the 4th quarter valued at about $595,000. Barclays PLC raised its stake in IAC by 922.5% during the third quarter. Barclays PLC now owns 60,737 shares of the company's stock worth $3,268,000 after purchasing an additional 54,797 shares during the period. Proficio Capital Partners LLC lifted its stake in shares of IAC by 4,238.5% in the 4th quarter. Proficio Capital Partners LLC now owns 229,419 shares of the company's stock valued at $9,897,000 after purchasing an additional 224,131 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in IAC by 2.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 967,260 shares of the company's stock worth $41,728,000 after purchasing an additional 19,148 shares in the last quarter. 88.90% of the stock is currently owned by institutional investors.

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.