IAC (NASDAQ:IAC) PT Raised to $67.00 at KeyCorp

IAC (NASDAQ:IAC - Get Free Report) had its price objective increased by analysts at KeyCorp from $64.00 to $67.00 in a research report issued to clients and investors on Monday, Benzinga reports. The brokerage presently has an "overweight" rating on the stock. KeyCorp's target price indicates a potential upside of 18.98% from the stock's current price.

Several other research analysts also recently commented on IAC. Citigroup cut their target price on IAC from $72.00 to $70.00 and set a "buy" rating on the stock in a report on Thursday. Oppenheimer boosted their price target on shares of IAC from $65.00 to $75.00 and gave the stock an "outperform" rating in a research report on Thursday. Truist Financial increased their price objective on shares of IAC from $80.00 to $87.00 and gave the stock a "buy" rating in a research report on Friday. StockNews.com upgraded shares of IAC from a "hold" rating to a "buy" rating in a report on Friday. Finally, Barclays lifted their price objective on IAC from $72.00 to $73.00 and gave the stock an "overweight" rating in a research report on Thursday. One analyst has rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat.com, IAC currently has an average rating of "Moderate Buy" and a consensus price target of $79.58.

IAC Stock Performance

IAC stock traded up $1.24 during trading hours on Monday, hitting $56.31. 615,054 shares of the stock were exchanged, compared to its average volume of 798,153. The company has a 50-day simple moving average of $51.38 and a two-hundred day simple moving average of $50.77. The firm has a market capitalization of $4.52 billion, a P/E ratio of -35.68 and a beta of 1.34. IAC has a 12 month low of $41.39 and a 12 month high of $69.85. The company has a current ratio of 2.70, a quick ratio of 2.70 and a debt-to-equity ratio of 0.29.

IAC (NASDAQ:IAC - Get Free Report) last announced its earnings results on Tuesday, February 13th. The company reported ($0.73) EPS for the quarter, missing the consensus estimate of ($0.20) by ($0.53). The business had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $1.06 billion. IAC had a negative return on equity of 3.31% and a negative net margin of 2.54%. On average, analysts forecast that IAC will post -3.05 earnings per share for the current fiscal year.

Institutional Investors Weigh In On IAC

A number of hedge funds have recently made changes to their positions in the business. Segantii Capital Management Ltd purchased a new stake in IAC in the fourth quarter worth about $2,881,000. Parkside Investments LLC lifted its holdings in shares of IAC by 13.8% during the fourth quarter. Parkside Investments LLC now owns 176,269 shares of the company's stock valued at $9,233,000 after purchasing an additional 21,400 shares in the last quarter. TimesSquare Capital Management LLC boosted its position in shares of IAC by 66.6% during the third quarter. TimesSquare Capital Management LLC now owns 1,034,411 shares of the company's stock valued at $52,124,000 after buying an additional 413,440 shares during the last quarter. International Assets Investment Management LLC bought a new stake in IAC in the 4th quarter worth about $2,579,000. Finally, Citigroup Inc. lifted its stake in IAC by 9.4% during the 3rd quarter. Citigroup Inc. now owns 15,286 shares of the company's stock valued at $770,000 after acquiring an additional 1,315 shares during the period. 88.90% of the stock is currently owned by institutional investors.

About IAC

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.