IAC Inc. (NASDAQ:IAC) Given Average Rating of "Moderate Buy" by Brokerages

Shares of IAC Inc. (NASDAQ:IAC - Get Free Report) have been given a consensus rating of "Moderate Buy" by the eleven research firms that are covering the stock, Marketbeat.com reports. One analyst has rated the stock with a hold recommendation and ten have given a buy recommendation to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $79.92.

A number of analysts have recently issued reports on the stock. Barclays raised their price target on shares of IAC from $72.00 to $73.00 and gave the stock an "overweight" rating in a report on Thursday, May 9th. KeyCorp raised their price target on shares of IAC from $64.00 to $67.00 and gave the stock an "overweight" rating in a report on Monday, May 13th. UBS Group increased their price objective on shares of IAC from $60.00 to $64.00 and gave the stock a "neutral" rating in a research report on Thursday, February 15th. Oppenheimer increased their price objective on shares of IAC from $65.00 to $75.00 and gave the stock an "outperform" rating in a research report on Thursday, May 9th. Finally, 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, May 10th.

IAC Price Performance

IAC stock traded down $0.68 during mid-day trading on Wednesday, reaching $50.39. The company's stock had a trading volume of 768,367 shares, compared to its average volume of 800,937. The stock has a market cap of $4.05 billion, a PE ratio of -31.89 and a beta of 1.34. 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 has a fifty-two week low of $41.39 and a fifty-two week high of $69.85. The company's 50 day moving average is $51.84 and its two-hundred day moving average is $51.39.

Institutional Investors Weigh In On IAC

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Riverview Trust Co acquired a new stake in IAC during the 1st quarter worth $27,000. Geneos Wealth Management Inc. acquired a new position in IAC in the first quarter valued at $80,000. Spire Wealth Management increased its stake in IAC by 23.1% in the third quarter. Spire Wealth Management now owns 1,612 shares of the company's stock valued at $81,000 after purchasing an additional 303 shares during the period. Covestor Ltd increased its stake in IAC by 15.4% in the third quarter. Covestor Ltd now owns 2,144 shares of the company's stock valued at $108,000 after purchasing an additional 286 shares during the period. Finally, Headlands Technologies LLC increased its stake in IAC by 39.7% in the third quarter. Headlands Technologies LLC now owns 2,702 shares of the company's stock valued at $136,000 after purchasing an additional 768 shares during the period. 88.90% of the stock is currently owned by institutional investors and hedge funds.

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.