Yousif Capital Management LLC Sells 640 Shares of IAC Inc. (NASDAQ:IAC)

Yousif Capital Management LLC cut its stake in shares of IAC Inc. (NASDAQ:IAC) by 2.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 26,856 shares of the company’s stock after selling 640 shares during the period. Yousif Capital Management LLC’s holdings in IAC were worth $1,159,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Nisa Investment Advisors LLC raised its position in shares of IAC by 2.7% during the 3rd quarter. Nisa Investment Advisors LLC now owns 15,475 shares of the company’s stock valued at $833,000 after buying an additional 405 shares in the last quarter. Victory Capital Management Inc. boosted its holdings in IAC by 1.6% during the 3rd quarter. Victory Capital Management Inc. now owns 31,686 shares of the company’s stock valued at $1,705,000 after acquiring an additional 490 shares during the period. GAMMA Investing LLC lifted its position in IAC by 98.8% in 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 during the last quarter. Oppenheimer Asset Management Inc. boosted its stake in shares of IAC by 2.8% during the third quarter. Oppenheimer Asset Management Inc. now owns 21,913 shares of the company’s stock valued at $1,179,000 after purchasing an additional 597 shares during the period. Finally, KBC Group NV grew its holdings in shares of IAC by 22.8% in the fourth quarter. KBC Group NV now owns 3,278 shares of the company’s stock worth $141,000 after purchasing an additional 608 shares during the last quarter. 88.90% of the stock is owned by hedge funds and other institutional investors.

IAC Stock Up 10.6 %

IAC stock opened at $47.97 on Friday. The business has a fifty day moving average price of $43.10 and a 200-day moving average price of $48.21. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.75 and a quick ratio of 2.75. The stock has a market capitalization of $3.86 billion, a P/E ratio of -111.56 and a beta of 1.32. IAC Inc. has a 1-year low of $39.61 and a 1-year high of $58.29.

IAC (NASDAQ:IAC) last released its quarterly earnings results on Tuesday, November 12th. The company reported ($2.93) earnings per share for the quarter, missing the consensus estimate of ($0.20) by ($2.73). IAC had a negative net margin of 0.34% and a negative return on equity of 5.63%. The firm had revenue of $938.70 million for the quarter, compared to the consensus estimate of $922.62 million. During the same period in the previous year, the company earned ($0.30) earnings per share. IAC’s quarterly revenue was down 15.5% compared to the same quarter last year. Equities analysts forecast that IAC Inc. will post -3.97 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on IAC. Macquarie reiterated an “outperform” rating and issued a $14.00 price objective on shares of IAC in a research report on Thursday, November 14th. Piper Sandler cut shares of IAC from an “overweight” rating to a “neutral” rating and cut their price target for the company from $68.00 to $54.00 in a report on Tuesday, December 10th. JMP Securities dropped their price target on IAC from $70.00 to $64.00 and set a “market outperform” rating on the stock in a research report on Thursday. KeyCorp decreased their price target on shares of IAC from $66.00 to $60.00 and set an “overweight” rating for the company in a research note on Wednesday, November 20th. Finally, UBS Group dropped their price objective on shares of IAC from $55.00 to $54.00 and set a “neutral” rating on the stock in a research note on Thursday. Three research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $64.33.

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.