IAC (NASDAQ:IAC - Get Free Report) had its price target upped by research analysts at JPMorgan Chase & Co. from $46.00 to $52.00 in a research note issued on Monday,Benzinga reports. The firm currently has an "overweight" rating on the stock. JPMorgan Chase & Co.'s price objective indicates a potential upside of 15.12% from the stock's previous close.
A number of other equities research analysts also recently commented on the company. Wall Street Zen raised IAC from a "sell" rating to a "hold" rating in a report on Saturday, February 28th. TD Cowen raised their price target on shares of IAC from $60.00 to $66.00 and gave the stock a "buy" rating in a research report on Monday. Benchmark lifted their price objective on shares of IAC from $57.00 to $60.00 and gave the company a "buy" rating in a research note on Wednesday, April 29th. Citigroup increased their price objective on shares of IAC from $38.00 to $44.00 and gave the stock a "buy" rating in a research note on Tuesday, February 10th. Finally, UBS Group restated a "neutral" rating and set a $42.00 target price on shares of IAC in a research report on Friday, February 6th. Ten analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $51.00.
Get Our Latest Analysis on IAC
IAC Stock Performance
Shares of NASDAQ:IAC traded up $0.20 on Monday, hitting $45.17. 1,763,173 shares of the company were exchanged, compared to its average volume of 1,088,733. The firm has a market capitalization of $3.21 billion, a P/E ratio of -33.96 and a beta of 1.03. The company has a current ratio of 2.75, a quick ratio of 2.75 and a debt-to-equity ratio of 0.29. IAC has a 1-year low of $29.56 and a 1-year high of $45.82. The stock's 50 day moving average price is $40.01 and its 200 day moving average price is $37.62.
IAC (NASDAQ:IAC - Get Free Report) last released its earnings results on Monday, May 4th. The company reported ($0.94) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.34) by ($0.60). IAC had a negative net margin of 4.35% and a negative return on equity of 2.43%. The firm had revenue of $422.89 million during the quarter, compared to analyst estimates of $520.45 million. Sell-side analysts predict that IAC will post 0.29 EPS for the current year.
Hedge Funds Weigh In On IAC
Institutional investors have recently made changes to their positions in the company. Oregon Public Employees Retirement Fund increased its holdings in IAC by 2.0% in the third quarter. Oregon Public Employees Retirement Fund now owns 15,217 shares of the company's stock valued at $518,000 after buying an additional 300 shares in the last quarter. New Age Alpha Advisors LLC grew its position in shares of IAC by 3.5% during the 4th quarter. New Age Alpha Advisors LLC now owns 9,104 shares of the company's stock valued at $356,000 after acquiring an additional 309 shares during the period. Franklin Resources Inc. grew its position in shares of IAC by 7.9% during the 4th quarter. Franklin Resources Inc. now owns 6,439 shares of the company's stock valued at $252,000 after acquiring an additional 471 shares during the period. Nisa Investment Advisors LLC raised its holdings in IAC by 3.3% in the 3rd quarter. Nisa Investment Advisors LLC now owns 15,182 shares of the company's stock worth $517,000 after purchasing an additional 482 shares during the period. Finally, Hantz Financial Services Inc. boosted its position in IAC by 173.4% during the fourth quarter. Hantz Financial Services Inc. now owns 782 shares of the company's stock worth $31,000 after purchasing an additional 496 shares in the last quarter. 88.90% of the stock is owned by hedge funds and other institutional investors.
Trending Headlines about IAC
Here are the key news stories impacting IAC this week:
About IAC
(
Get Free Report)
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.
Read More

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider IAC, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and IAC wasn't on the list.
While IAC currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Click the link to see MarketBeat's list of seven best retirement stocks and why they should be in your portfolio.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.