IAC (NASDAQ:IAC) Hits New 12-Month High - Should You Buy?

Key Points

• IAC hit a new 52-week high, trading as high as $41.95 (last $41.7050) on Tuesday with about 414,699 shares exchanged, signaling recent bullish momentum.
• Mixed fundamentals: the company reported a steep EPS miss of ($0.99) vs. $0.67 expected and revenue fell 34.7% year‑over‑year to $645.98 million (slightly above estimates), with a negative net margin and return on equity.
• Analyst and institutional backdrop: consensus is a "Moderate Buy" (10 Buys, 4 Holds, 1 Sell) with an average target of $47.62, while institutional investors own 88.9% of shares and the company shows strong liquidity (quick ratio 2.75) and low leverage (debt/equity 0.29).

IAC Inc. (NASDAQ:IAC - Get Free Report)'s share price hit a new 52-week high during trading on Tuesday . The stock traded as high as $41.95 and last traded at $41.7050, with a volume of 414699 shares traded. The stock had previously closed at $40.86.

Wall Street Analyst Weigh In

Several analysts have recently commented on the company. Benchmark reaffirmed a "buy" rating on shares of IAC in a research report on Tuesday, March 3rd. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of IAC in a research report on Thursday, January 22nd. Citigroup raised their target price on IAC from $38.00 to $44.00 and gave the stock a "buy" rating in a research report on Tuesday, February 10th. Needham & Company LLC set a $57.00 target price on IAC in a research report on Tuesday, March 3rd. Finally, UBS Group reaffirmed a "neutral" rating and issued a $42.00 target price on shares of IAC in a research report on Friday, February 6th. Ten research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $47.62.

IAC Trading Up 2.2%

The stock has a market cap of $2.97 billion, a price-to-earnings ratio of -31.39 and a beta of 1.06. The company has a quick ratio of 2.75, a current ratio of 2.75 and a debt-to-equity ratio of 0.29. The business has a 50-day moving average of $37.78 and a 200-day moving average of $36.68.

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

Institutional Trading of IAC

A number of institutional investors have recently bought and sold shares of IAC. Rockefeller Capital Management L.P. lifted its position in shares of IAC by 251.5% in the fourth quarter. Rockefeller Capital Management L.P. now owns 1,937 shares of the company's stock worth $76,000 after buying an additional 1,386 shares during the last quarter. Corient Private Wealth LLC lifted its position in shares of IAC by 64.3% in the fourth quarter. Corient Private Wealth LLC now owns 16,076 shares of the company's stock worth $629,000 after buying an additional 6,292 shares during the last quarter. Flax Pond Capital LLC acquired a new stake in shares of IAC in the fourth quarter worth about $3,898,000. Mercer Global Advisors Inc. ADV lifted its position in shares of IAC by 8.1% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 16,703 shares of the company's stock worth $653,000 after buying an additional 1,247 shares during the last quarter. Finally, Mackenzie Financial Corp lifted its position in shares of IAC by 29.1% in the fourth quarter. Mackenzie Financial Corp now owns 18,460 shares of the company's stock worth $729,000 after buying an additional 4,160 shares during the last quarter. Institutional investors and hedge funds own 88.90% of the company's stock.

IAC Company Profile

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.

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