IAC (NASDAQ:IAC) Lifted to "Buy" at StockNews.com

IAC (NASDAQ:IAC - Get Free Report) was upgraded by equities researchers at StockNews.com from a "hold" rating to a "buy" rating in a research report issued to clients and investors on Friday.

A number of other analysts have also recently issued reports on the stock. Oppenheimer lifted their target price on shares of IAC from $65.00 to $75.00 and gave the company an "outperform" rating in a research note on Thursday. Truist Financial lifted their price target on shares of IAC from $80.00 to $87.00 and gave the stock a "buy" rating in a research note on Friday. Barclays lifted their price objective on IAC from $72.00 to $73.00 and gave the company an "overweight" rating in a report on Thursday. UBS Group lifted their price objective on IAC from $60.00 to $64.00 and gave the company a "neutral" rating in a research report on Thursday, February 15th. Finally, KeyCorp decreased their price objective on IAC from $72.00 to $64.00 and set an "overweight" rating on the stock in a research report on Friday, May 3rd. One equities research analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $79.31.

IAC Stock Down 0.5 %

IAC traded down $0.25 during trading on Friday, hitting $55.07. The company had a trading volume of 829,791 shares, compared to its average volume of 1,525,276. The company has a market cap of $4.42 billion, a PE ratio of 22.21 and a beta of 1.34. The business has a 50-day moving average of $51.42 and a 200-day moving average of $50.62. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.36 and a quick ratio of 2.36. IAC has a 1-year low of $41.39 and a 1-year high of $69.85.

IAC (NASDAQ:IAC - Get Free Report) last released its quarterly earnings data on Tuesday, February 13th. The company reported ($0.73) earnings per share for the quarter, missing analysts' consensus estimates of ($0.20) by ($0.53). IAC had a negative return on equity of 4.15% and a net margin of 6.09%. The firm had revenue of $1.06 billion during the quarter, compared to analyst estimates of $1.06 billion. As a group, analysts forecast that IAC will post -2.02 earnings per share for the current year.

Hedge Funds Weigh In On IAC

A number of large investors have recently made changes to their positions in IAC. Garden State Investment Advisory Services LLC grew its stake in IAC by 1.3% in the fourth quarter. Garden State Investment Advisory Services LLC now owns 15,010 shares of the company's stock worth $786,000 after purchasing an additional 196 shares during the period. DAVENPORT & Co LLC lifted its position in IAC by 0.6% during the fourth quarter. DAVENPORT & Co LLC now owns 44,386 shares of the company's stock valued at $2,325,000 after purchasing an additional 271 shares in the last quarter. Covestor Ltd grew its stake in shares of IAC by 15.4% during the 3rd quarter. Covestor Ltd now owns 2,144 shares of the company's stock valued at $108,000 after acquiring an additional 286 shares during the period. Spire Wealth Management lifted its stake in shares of IAC by 23.1% during the 3rd quarter. Spire Wealth Management now owns 1,612 shares of the company's stock valued at $81,000 after buying an additional 303 shares in the last quarter. Finally, Treasurer of the State of North Carolina lifted its position in shares of IAC by 1.0% in the fourth quarter. Treasurer of the State of North Carolina now owns 32,856 shares of the company's stock valued at $1,721,000 after acquiring an additional 320 shares in the last quarter. 88.90% of the stock is owned by 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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