Oppenheimer Cuts IAC (NASDAQ:IAC) Price Target to $70.00

IAC (NASDAQ:IAC) had its price objective decreased by Oppenheimer from $72.00 to $70.00 in a report issued on Thursday morning,Benzinga reports. Oppenheimer currently has an outperform rating on the stock.

A number of other equities analysts also recently commented on IAC. Barclays decreased their price objective on shares of IAC from $66.00 to $61.00 and set an “overweight” rating for the company in a report on Thursday. JMP Securities cut their target price on IAC from $70.00 to $64.00 and set a “market outperform” rating on the stock in a research note on Thursday. Citigroup raised their target price on IAC from $56.00 to $58.00 and gave the company a “buy” rating in a research note on Friday, January 31st. KeyCorp cut their target price on IAC from $66.00 to $60.00 and set an “overweight” rating on the stock in a research note on Wednesday, November 20th. Finally, UBS Group cut their target price on IAC from $55.00 to $54.00 and set a “neutral” rating on the stock in a research note on Thursday. Three investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $64.33.

IAC Stock Performance

IAC stock opened at $46.99 on Thursday. The company has a market cap of $3.78 billion, a PE ratio of -109.26 and a beta of 1.32. The company has a fifty day moving average price of $43.08 and a two-hundred day moving average price of $48.18. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.75 and a quick ratio of 2.75. IAC has a 12 month low of $39.61 and a 12 month high of $58.29.

Institutional Investors Weigh In On IAC

A number of institutional investors and hedge funds have recently bought and sold shares of IAC. Aster Capital Management DIFC Ltd grew its position in 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 buying an additional 457 shares in the last quarter. Bank Julius Baer & Co. Ltd Zurich bought a new stake in IAC during the fourth quarter valued at about $41,000. GAMMA Investing LLC raised its holdings in IAC by 98.8% during the third quarter. GAMMA Investing LLC now owns 990 shares of the company’s stock valued at $53,000 after acquiring an additional 492 shares during the period. Quarry LP raised its holdings in IAC by 408.9% during the third quarter. Quarry LP now owns 977 shares of the company’s stock valued at $53,000 after acquiring an additional 785 shares during the period. Finally, MassMutual Private Wealth & Trust FSB raised 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 valued at $89,000 after acquiring an additional 1,916 shares during the period. 88.90% of the stock is owned by institutional investors and hedge funds.

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.