IAC (NASDAQ:IAC - Get Free Report) was upgraded by Wall Street Zen from a "sell" rating to a "hold" rating in a research note issued on Saturday.
Other equities analysts have also recently issued reports about the company. JMP Securities dropped their target price on IAC from $64.00 to $47.00 and set a "market outperform" rating for the company in a report on Tuesday, June 10th. Barclays dropped their target price on IAC from $61.00 to $52.00 and set an "overweight" rating for the company in a report on Tuesday, May 6th. Truist Financial dropped their target price on IAC from $61.00 to $57.00 and set a "buy" rating for the company in a report on Wednesday. The Goldman Sachs Group dropped their target price on IAC from $60.00 to $46.00 and set a "buy" rating for the company in a report on Wednesday, May 7th. Finally, UBS Group increased their target price on IAC from $38.00 to $41.00 and gave the stock a "neutral" rating in a report on Wednesday. Three equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $47.92.
View Our Latest Research Report on IAC
IAC Trading Down 2.3%
IAC stock opened at $34.17 on Friday. The business has a 50 day moving average price of $38.20 and a two-hundred day moving average price of $39.72. The company has a quick ratio of 2.70, a current ratio of 2.87 and a debt-to-equity ratio of 0.29. The stock has a market cap of $2.54 billion, a price-to-earnings ratio of -6.34 and a beta of 1.23. IAC has a 12 month low of $32.04 and a 12 month high of $55.40.
IAC (NASDAQ:IAC - Get Free Report) last issued its earnings results on Monday, August 4th. The company reported $2.57 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.30) by $2.87. IAC had a negative return on equity of 8.23% and a negative net margin of 14.52%. The business had revenue of $586.93 million during the quarter, compared to analysts' expectations of $601.38 million. During the same period in the prior year, the firm posted ($1.71) EPS. IAC's quarterly revenue was down 7.5% compared to the same quarter last year. As a group, equities analysts forecast that IAC will post 0.43 EPS for the current year.
Institutional Investors Weigh In On IAC
Hedge funds and other institutional investors have recently made changes to their positions in the company. Wealth Enhancement Advisory Services LLC acquired a new stake in shares of IAC in the 1st quarter valued at $1,107,000. Allspring Global Investments Holdings LLC acquired a new stake in shares of IAC in the 1st quarter valued at $2,590,000. Invesco Ltd. increased its stake in shares of IAC by 24.7% in the 4th quarter. Invesco Ltd. now owns 341,507 shares of the company's stock valued at $14,733,000 after buying an additional 67,746 shares during the period. QRG Capital Management Inc. increased its stake in shares of IAC by 94.7% in the 1st quarter. QRG Capital Management Inc. now owns 54,721 shares of the company's stock valued at $2,514,000 after buying an additional 26,616 shares during the period. Finally, Principal Financial Group Inc. increased its stake in shares of IAC by 2.4% in the 1st quarter. Principal Financial Group Inc. now owns 351,787 shares of the company's stock valued at $16,161,000 after buying an additional 8,396 shares during the period. 88.90% of the stock is owned by institutional investors and hedge funds.
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.
See Also

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. 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
Just getting into the stock market? These 10 simple stocks can help beginning investors build long-term wealth without knowing options, technicals, or other advanced strategies.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.