IAC Inc. (NASDAQ:IAC) Receives Consensus Rating of “Moderate Buy” from Brokerages

IAC Inc. (NASDAQ:IACGet Free Report) has been assigned a consensus recommendation of “Moderate Buy” from the twelve analysts that are currently covering the firm, Marketbeat reports. Two equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $68.33.

Several equities analysts recently commented on the stock. Truist Financial reduced their price objective on shares of IAC from $88.00 to $80.00 and set a “buy” rating for the company in a research note on Wednesday, November 13th. KeyCorp reduced their price target on shares of IAC from $66.00 to $60.00 and set an “overweight” rating for the company in a research report on Wednesday, November 20th. Piper Sandler downgraded IAC from an “overweight” rating to a “neutral” rating and lowered their price objective for the stock from $68.00 to $54.00 in a research report on Tuesday, December 10th. Barclays reduced their target price on IAC from $70.00 to $66.00 and set an “overweight” rating for the company in a research report on Wednesday, November 13th. Finally, Benchmark reaffirmed a “buy” rating and issued a $110.00 price target on shares of IAC in a report on Tuesday, November 12th.

Read Our Latest Stock Report on IAC

Institutional Trading of IAC

A number of institutional investors and hedge funds have recently added to or reduced their stakes in IAC. International Assets Investment Management LLC purchased a new stake in IAC in the second quarter worth about $39,000. GAMMA Investing LLC boosted its position in shares of IAC by 98.8% during the third quarter. GAMMA Investing LLC now owns 990 shares of the company’s stock valued at $53,000 after purchasing an additional 492 shares in the last quarter. Quarry LP grew its stake in IAC by 408.9% in the third quarter. Quarry LP now owns 977 shares of the company’s stock worth $53,000 after purchasing an additional 785 shares during the period. Evergreen Capital Management LLC bought a new position in IAC in the second quarter worth $208,000. Finally, Clear Harbor Asset Management LLC purchased a new position in IAC during the third quarter valued at $208,000. Hedge funds and other institutional investors own 88.90% of the company’s stock.

IAC Price Performance

IAC stock opened at $43.14 on Thursday. The business’s 50 day simple moving average is $47.33 and its 200 day simple moving average is $49.46. IAC has a 12 month low of $41.08 and a 12 month high of $58.29. The company has a market cap of $3.47 billion, a price-to-earnings ratio of -100.32 and a beta of 1.31. The company has a current ratio of 2.75, a quick ratio of 2.75 and a debt-to-equity ratio of 0.30.

IAC (NASDAQ:IACGet Free Report) last announced its quarterly earnings data on Tuesday, November 12th. The company reported ($2.93) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.20) by ($2.73). The firm had revenue of $938.70 million during the quarter, compared to the consensus estimate of $922.62 million. IAC had a negative net margin of 0.34% and a negative return on equity of 5.63%. The company’s revenue was down 15.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.30) earnings per share. Sell-side analysts forecast that IAC will post -3.97 EPS for the current year.

IAC Company Profile

(Get Free Report

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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Analyst Recommendations for IAC (NASDAQ:IAC)

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