IAC (NASDAQ:IAC - Get Free Report) had its price target reduced by equities researchers at JMP Securities from $64.00 to $47.00 in a report released on Tuesday,Benzinga reports. The firm currently has a "market outperform" rating on the stock. JMP Securities' price objective indicates a potential upside of 26.86% from the stock's previous close.
IAC has been the topic of a number of other reports. Oppenheimer dropped their target price on shares of IAC from $72.00 to $70.00 and set an "outperform" rating on the stock in a research note on Thursday, February 13th. Cowen reiterated a "buy" rating on shares of IAC in a research note on Monday, May 5th. Citigroup reduced their price objective on IAC from $47.55 to $45.00 and set a "buy" rating for the company in a report on Friday, April 25th. The Goldman Sachs Group lowered their target price on IAC from $60.00 to $46.00 and set a "buy" rating on the stock in a research note on Wednesday, May 7th. Finally, KeyCorp cut their price target on IAC from $64.00 to $49.00 and set an "overweight" rating for the company in a research note on Monday, May 5th. Two research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat, IAC currently has an average rating of "Moderate Buy" and an average target price of $54.08.
Read Our Latest Report on IAC
IAC Stock Up 1.0%
Shares of IAC traded up $0.35 during trading hours on Tuesday, reaching $37.05. The stock had a trading volume of 771,339 shares, compared to its average volume of 809,238. The firm has a 50-day simple moving average of $35.62 and a 200 day simple moving average of $41.45. IAC has a 12 month low of $32.05 and a 12 month high of $55.40. The company has a current ratio of 2.80, a quick ratio of 2.75 and a debt-to-equity ratio of 0.31. The company has a market capitalization of $2.74 billion, a price-to-earnings ratio of -5.68 and a beta of 1.23.
IAC (NASDAQ:IAC - Get Free Report) last posted its 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 company had revenue of $570.49 million during the quarter, compared to the consensus estimate of $809.18 million. IAC had a negative net margin of 14.18% and a negative return on equity of 7.98%. The firm's revenue for the quarter was down 8.6% on a year-over-year basis. During the same period in the previous year, the firm posted $0.51 earnings per share. Equities research analysts predict that IAC will post 0.43 earnings per share for the current fiscal year.
Institutional Investors Weigh In On IAC
Hedge funds have recently added to or reduced their stakes in the company. Commonwealth Equity Services LLC grew its stake in shares of IAC by 2.9% during the fourth quarter. Commonwealth Equity Services LLC now owns 11,532 shares of the company's stock valued at $497,000 after buying an additional 320 shares during the last quarter. Bleakley Financial Group LLC raised its stake in shares of IAC by 1.0% during the first quarter. Bleakley Financial Group LLC now owns 33,097 shares of the company's stock valued at $1,520,000 after acquiring an additional 324 shares during the last quarter. Versant Capital Management Inc boosted its holdings in shares of 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 purchasing an additional 369 shares during the period. US Bancorp DE boosted its holdings in shares of IAC by 21.9% during the first quarter. US Bancorp DE now owns 2,234 shares of the company's stock worth $103,000 after purchasing an additional 401 shares during the period. Finally, TD Private Client Wealth LLC grew 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 worth $27,000 after purchasing an additional 429 shares during the last quarter. Institutional investors own 88.90% of the company's stock.
IAC Company Profile
(
Get Free Report)
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.
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