IAC Inc. (NASDAQ:IAC) Receives Average Rating of “Moderate Buy” from Analysts

IAC Inc. (NASDAQ:IAC) has earned an average recommendation of “Moderate Buy” from the eleven ratings firms that are presently covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a hold rating and ten have issued a buy rating on the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $70.36.

Several research firms have weighed in on IAC. TD Cowen cut their target price on IAC from $82.00 to $77.00 and set a “buy” rating on the stock in a report on Wednesday, November 13th. UBS Group raised IAC to a “hold” rating in a research note on Monday, October 28th. Macquarie reaffirmed an “outperform” rating and set a $14.00 target price on shares of IAC in a research report on Thursday, November 14th. Benchmark reissued a “buy” rating and issued a $110.00 price target on shares of IAC in a research report on Tuesday, November 12th. Finally, KeyCorp decreased their price objective on shares of IAC from $66.00 to $60.00 and set an “overweight” rating for the company in a report on Wednesday, November 20th.

Institutional Investors Weigh In On IAC

Large investors have recently made changes to their positions in the company. Greenwich Wealth Management LLC raised its position in IAC by 3.0% in the 2nd quarter. Greenwich Wealth Management LLC now owns 9,635 shares of the company’s stock valued at $451,000 after purchasing an additional 284 shares during the last quarter. Nisa Investment Advisors LLC lifted its position in IAC by 2.7% during the 3rd quarter. Nisa Investment Advisors LLC now owns 15,475 shares of the company’s stock worth $833,000 after buying an additional 405 shares in the last quarter. CWM LLC grew its holdings in IAC by 55.6% during the 2nd quarter. CWM LLC now owns 1,142 shares of the company’s stock worth $54,000 after acquiring an additional 408 shares during the last quarter. Victory Capital Management Inc. increased its position in IAC by 1.6% in 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 in the last quarter. Finally, GAMMA Investing LLC raised its stake in shares of IAC by 98.8% in the third quarter. GAMMA Investing LLC now owns 990 shares of the company’s stock worth $53,000 after acquiring an additional 492 shares during the last quarter. Institutional investors own 88.90% of the company’s stock.

IAC Stock Performance

Shares of IAC stock opened at $48.13 on Friday. IAC has a 12 month low of $43.51 and a 12 month high of $58.29. The company has a quick ratio of 2.75, a current ratio of 2.75 and a debt-to-equity ratio of 0.30. The stock has a market cap of $3.87 billion, a PE ratio of -111.93 and a beta of 1.31. The business has a fifty day simple moving average of $50.43 and a 200-day simple moving average of $50.15.

IAC (NASDAQ:IAC) last posted its quarterly earnings results on Tuesday, November 12th. The company reported ($2.93) EPS for the quarter, missing the consensus estimate of ($0.20) by ($2.73). IAC had a negative return on equity of 5.63% and a negative net margin of 0.34%. The company had revenue of $938.70 million for the quarter, compared to analyst estimates of $922.62 million. During the same quarter in the prior year, the business posted ($0.30) earnings per share. The business’s revenue for the quarter was down 15.5% compared to the same quarter last year. On average, sell-side analysts anticipate that IAC will post -3.97 EPS for the current fiscal year.

IAC Company Profile

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.