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

IAC Inc. (NASDAQ:IAC) has earned an average rating of “Moderate Buy” from the twelve brokerages that are covering the company, Marketbeat Ratings 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 1 year price target among brokers that have issued a report on the stock in the last year is $67.50.

A number of equities analysts recently issued reports on IAC shares. Piper Sandler lowered IAC from an “overweight” rating to a “neutral” rating and decreased their price objective for the stock from $68.00 to $54.00 in a report on Tuesday, December 10th. Truist Financial decreased their price target on IAC from $88.00 to $80.00 and set a “buy” rating for the company in a research note on Wednesday, November 13th. Macquarie restated an “outperform” rating and set a $14.00 price objective on shares of IAC in a research note on Thursday, November 14th. UBS Group upgraded shares of IAC to a “hold” rating in a research report on Monday, October 28th. Finally, Barclays dropped their price target on shares of IAC from $70.00 to $66.00 and set an “overweight” rating on the stock in a research report on Wednesday, November 13th.

Institutional Trading of IAC

A number of institutional investors have recently bought and sold shares of IAC. American Century Companies Inc. lifted its stake in IAC by 5.9% in the second quarter. American Century Companies Inc. now owns 17,627 shares of the company’s stock valued at $826,000 after acquiring an additional 988 shares during the last quarter. Dimensional Fund Advisors LP acquired a new stake in shares of IAC in the 2nd quarter valued at $2,596,000. Vanguard Personalized Indexing Management LLC boosted its holdings in IAC by 19.2% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 7,021 shares of the company’s stock worth $329,000 after purchasing an additional 1,133 shares in the last quarter. Thrivent Financial for Lutherans bought a new stake in IAC in the second quarter worth $2,717,000. Finally, Evergreen Capital Management LLC acquired a new position in IAC during the second quarter worth $208,000. Institutional investors and hedge funds own 88.90% of the company’s stock.

IAC Stock Up 1.7 %

Shares of NASDAQ:IAC opened at $42.59 on Monday. The company’s fifty day moving average is $44.51 and its two-hundred day moving average is $48.95. The company has a debt-to-equity ratio of 0.30, a quick ratio of 2.75 and a current ratio of 2.75. IAC has a 1-year low of $39.61 and a 1-year high of $58.29. The stock has a market capitalization of $3.43 billion, a price-to-earnings ratio of -99.04 and a beta of 1.32.

IAC (NASDAQ:IAC) last posted its 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). The company had revenue of $938.70 million for 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 firm’s revenue for the quarter was down 15.5% compared to the same quarter last year. During the same period last year, the company posted ($0.30) earnings per share. Equities analysts anticipate that IAC will post -3.97 EPS for the current year.

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.