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

IAC Inc. (NASDAQ:IAC) has been assigned a consensus rating of “Moderate Buy” from the twelve ratings firms that are presently covering the stock, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold rating and ten have issued a buy rating on the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $64.67.

IAC has been the subject of several research reports. Oppenheimer dropped their target price on IAC from $72.00 to $70.00 and set an “outperform” rating for the company in a research report on Thursday, February 13th. Citigroup lifted their price objective on IAC from $56.00 to $58.00 and gave the company a “buy” rating in a research note on Friday, January 31st. UBS Group decreased their price objective on IAC from $55.00 to $54.00 and set a “neutral” rating for the company in a research note on Thursday, February 13th. KeyCorp lifted their price objective on IAC from $60.00 to $64.00 and gave the company an “overweight” rating in a research note on Tuesday, February 18th. Finally, Piper Sandler cut IAC from an “overweight” rating to a “neutral” rating and decreased their price objective for the company from $68.00 to $54.00 in a research note on Tuesday, December 10th.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Aster Capital Management DIFC Ltd increased its holdings in shares of IAC by 287.4% in the fourth quarter. Aster Capital Management DIFC Ltd now owns 616 shares of the company’s stock valued at $27,000 after purchasing an additional 457 shares during the period. Bank Julius Baer & Co. Ltd Zurich acquired a new position in shares of IAC in the fourth quarter valued at approximately $41,000. Quarry LP increased its holdings in shares of IAC by 408.9% in the third quarter. Quarry LP now owns 977 shares of the company’s stock valued at $53,000 after purchasing an additional 785 shares during the period. MassMutual Private Wealth & Trust FSB grew its holdings in IAC by 1,398.5% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 2,053 shares of the company’s stock worth $89,000 after acquiring an additional 1,916 shares during the period. Finally, Aquatic Capital Management LLC acquired a new position in IAC during the fourth quarter worth $135,000. Institutional investors and hedge funds own 88.90% of the company’s stock.

IAC Stock Up 5.7 %

Shares of NASDAQ:IAC opened at $47.12 on Tuesday. The company has a market capitalization of $3.65 billion, a price-to-earnings ratio of -7.23 and a beta of 1.29. The company has a current ratio of 2.80, a quick ratio of 2.75 and a debt-to-equity ratio of 0.31. The business has a 50-day moving average price of $43.75 and a 200 day moving average price of $47.42. IAC has a 12-month low of $39.61 and a 12-month high of $58.29.

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.