IAC (NASDAQ:IAC) Earns “Overweight” Rating from JPMorgan Chase & Co.

IAC (NASDAQ:IAC)‘s stock had its “overweight” rating restated by equities research analysts at JPMorgan Chase & Co. in a report issued on Friday, Marketbeat Ratings reports. They currently have a $60.00 price objective on the stock. JPMorgan Chase & Co.‘s price target indicates a potential upside of 23.99% from the company’s current price.

Several other equities research analysts also recently commented on the stock. Truist Financial lowered their price objective on shares of IAC from $80.00 to $76.00 and set a “buy” rating for the company in a research note on Thursday, February 13th. Oppenheimer decreased their target price on shares of IAC from $72.00 to $70.00 and set an “outperform” rating for the company in a research report on Thursday, February 13th. Barclays decreased their target price on shares of IAC from $66.00 to $61.00 and set an “overweight” rating for the company in a research report on Thursday, February 13th. UBS Group decreased their target price on shares of IAC from $55.00 to $54.00 and set a “neutral” rating for the company in a research report on Thursday, February 13th. Finally, JMP Securities decreased their target price on shares of IAC from $70.00 to $64.00 and set a “market outperform” rating for the company in a research report on Thursday, February 13th. Three research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $64.31.

IAC Trading Down 0.3 %

NASDAQ:IAC opened at $48.39 on Friday. IAC has a 12 month low of $39.61 and a 12 month high of $58.29. The firm has a fifty day simple moving average of $44.25 and a 200-day simple moving average of $47.33. 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 company has a market capitalization of $3.75 billion, a P/E ratio of -7.42 and a beta of 1.29.

Institutional Trading of IAC

Institutional investors and hedge funds have recently modified their holdings of the stock. Aster Capital Management DIFC Ltd increased its stake in shares of IAC by 287.4% during the fourth quarter. Aster Capital Management DIFC Ltd now owns 616 shares of the company’s stock worth $27,000 after purchasing an additional 457 shares in the last quarter. Bank Julius Baer & Co. Ltd Zurich purchased a new stake in IAC during the 4th quarter valued at about $41,000. Quarry LP grew its stake in IAC by 408.9% during the 3rd quarter. Quarry LP now owns 977 shares of the company’s stock valued at $53,000 after acquiring an additional 785 shares in the last quarter. MassMutual Private Wealth & Trust FSB grew its stake in IAC by 1,398.5% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 2,053 shares of the company’s stock valued at $89,000 after acquiring an additional 1,916 shares in the last quarter. Finally, Aquatic Capital Management LLC purchased a new stake in IAC during the 4th quarter valued at about $135,000. 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.