IAC Inc. (NASDAQ:IAC) Given Consensus Rating of “Moderate Buy” by Analysts

Shares of IAC Inc. (NASDAQ:IAC) have received an average recommendation of “Moderate Buy” from the ten brokerages that are covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $76.40.

A number of equities analysts have weighed in on IAC shares. JMP Securities assumed coverage on IAC in a research report on Tuesday, July 9th. They issued an “outperform” rating and a $78.00 target price for the company. Barclays decreased their price objective on shares of IAC from $73.00 to $70.00 and set an “overweight” rating for the company in a report on Thursday, August 8th. KeyCorp dropped their target price on shares of IAC from $67.00 to $66.00 and set an “overweight” rating on the stock in a report on Friday, August 16th. Citigroup cut their target price on shares of IAC from $70.00 to $66.00 and set a “buy” rating for the company in a research report on Thursday, August 8th. Finally, Truist Financial increased their price target on IAC from $87.00 to $88.00 and gave the company a “buy” rating in a report on Thursday, August 8th.

IAC Stock Up 1.0 %

IAC stock opened at $53.85 on Friday. The business has a 50 day moving average of $52.20 and a 200 day moving average of $50.69. The firm has a market cap of $4.32 billion, a PE ratio of -34.08 and a beta of 1.32. IAC has a twelve month low of $41.39 and a twelve month high of $58.29. The company has a quick ratio of 2.68, a current ratio of 2.68 and a debt-to-equity ratio of 0.29.

IAC (NASDAQ:IAC) last announced its quarterly earnings data on Tuesday, August 6th. The company reported ($1.71) EPS for the quarter, missing the consensus estimate of ($0.32) by ($1.39). The firm had revenue of $949.50 million for the quarter, compared to analysts’ expectations of $942.77 million. IAC had a negative net margin of 3.95% and a negative return on equity of 2.35%. The business’s revenue for the quarter was down 14.6% compared to the same quarter last year. During the same period last year, the company posted ($0.76) earnings per share. On average, research analysts forecast that IAC will post -0.79 EPS for the current fiscal year.

Institutional Trading of IAC

Hedge funds have recently bought and sold shares of the stock. Thompson Siegel & Walmsley LLC raised its holdings in shares of IAC by 5.1% during the 2nd quarter. Thompson Siegel & Walmsley LLC now owns 1,633,452 shares of the company’s stock worth $76,527,000 after acquiring an additional 79,951 shares in the last quarter. Whitebox Advisors LLC raised its stake in IAC by 9.5% during the first quarter. Whitebox Advisors LLC now owns 1,402,554 shares of the company’s stock valued at $74,812,000 after purchasing an additional 121,664 shares in the last quarter. Bank of New York Mellon Corp lifted its position in IAC by 113.4% during the second quarter. Bank of New York Mellon Corp now owns 531,296 shares of the company’s stock valued at $24,891,000 after purchasing an additional 282,304 shares during the last quarter. Principal Financial Group Inc. grew its stake in shares of IAC by 5,474.2% in the 2nd quarter. Principal Financial Group Inc. now owns 343,429 shares of the company’s stock worth $16,090,000 after buying an additional 337,268 shares in the last quarter. Finally, DME Capital Management LP bought a new stake in shares of IAC in the 2nd quarter worth about $13,655,000. Hedge funds and other institutional investors own 88.90% of the company’s stock.

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.