KeyCorp Lowers IAC (NASDAQ:IAC) Price Target to $49.00

IAC (NASDAQ:IAC - Get Free Report) had its target price decreased by research analysts at KeyCorp from $64.00 to $49.00 in a note issued to investors on Monday,Benzinga reports. The brokerage currently has an "overweight" rating on the stock. KeyCorp's price target would indicate a potential upside of 35.96% from the stock's current price.

IAC has been the subject of several other research reports. UBS Group lowered their target price on IAC from $55.00 to $54.00 and set a "neutral" rating for the company in a research note on Thursday, February 13th. Citigroup decreased their price target on IAC from $47.55 to $45.00 and set a "buy" rating for the company in a research note on Friday, April 25th. JPMorgan Chase & Co. dropped their target price on shares of IAC from $60.00 to $45.00 and set an "overweight" rating on the stock in a report on Tuesday, April 22nd. Benchmark reduced their price objective on shares of IAC from $105.00 to $100.00 and set a "buy" rating for the company in a research report on Thursday, February 13th. Finally, Oppenheimer reduced their target price on IAC from $72.00 to $70.00 and set an "outperform" rating for the company in a research note on Thursday, February 13th. Three research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $61.00.

IAC Price Performance

IAC stock traded up $0.73 during mid-day trading on Monday, hitting $36.04. The stock had a trading volume of 122,639 shares, compared to its average volume of 769,567. IAC has a 52 week low of $32.05 and a 52 week high of $58.29. The firm has a market capitalization of $2.79 billion, a P/E ratio of -5.51 and a beta of 1.24. 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 firm has a fifty day simple moving average of $40.32 and a 200 day simple moving average of $43.93.

Hedge Funds Weigh In On IAC

A number of large investors have recently bought and sold shares of the stock. Applied Fundamental Research LLC boosted its holdings 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 acquiring an additional 44,835 shares in the last quarter. Bryce Point Capital LLC bought a new position in IAC in the 4th quarter worth about $595,000. Barclays PLC lifted its stake in shares of IAC by 922.5% in the third quarter. Barclays PLC now owns 60,737 shares of the company's stock worth $3,268,000 after buying an additional 54,797 shares in the last quarter. Proficio Capital Partners LLC lifted its position in 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 acquiring an additional 224,131 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its position in shares of IAC by 2.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 967,260 shares of the company's stock valued at $41,728,000 after buying an additional 19,148 shares during the last quarter. 88.90% of the stock is owned by hedge funds and other 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.

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