Brokerages Set IAC Inc. (NASDAQ:IAC) Price Target at $76.40

Shares of IAC Inc. (NASDAQ:IAC) have received an average recommendation of “Moderate Buy” from the ten brokerages that are presently covering the firm, Marketbeat reports. One research analyst has rated the stock with a hold rating and nine have issued a buy rating on the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $76.40.

A number of equities research analysts have issued reports on IAC shares. Oppenheimer increased their price target on IAC from $65.00 to $75.00 and gave the stock an “outperform” rating in a research note on Thursday, May 9th. Wells Fargo & Company increased their price target on IAC from $82.00 to $84.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 14th. JMP Securities started coverage on IAC in a research note on Tuesday, July 9th. They issued an “outperform” rating and a $78.00 price target for the company. Barclays cut their price target on IAC from $73.00 to $70.00 and set an “overweight” rating for the company in a research note on Thursday, August 8th. Finally, Benchmark reissued a “buy” rating and set a $110.00 price objective on shares of IAC in a report on Tuesday, August 27th.

IAC Trading Down 0.2 %

NASDAQ:IAC opened at $51.63 on Friday. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.68 and a quick ratio of 2.68. The firm has a market capitalization of $4.15 billion, a price-to-earnings ratio of -32.68 and a beta of 1.32. IAC has a one year low of $41.39 and a one year high of $58.29. The business has a fifty day moving average price of $49.96 and a 200-day moving average price of $50.91.

IAC (NASDAQ:IAC) last posted its quarterly earnings data on Tuesday, August 6th. The company reported ($1.71) EPS for the quarter, missing the consensus estimate of ($0.32) by ($1.39). IAC had a negative return on equity of 2.35% and a negative net margin of 3.95%. The company had revenue of $949.50 million during the quarter, compared to analysts’ expectations of $942.77 million. During the same quarter last year, the company earned ($0.76) earnings per share. The company’s revenue for the quarter was down 14.6% on a year-over-year basis. Sell-side analysts forecast that IAC will post -0.79 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Riverview Trust Co bought a new stake in IAC in the first quarter worth about $27,000. International Assets Investment Management LLC purchased a new position in shares of IAC during the second quarter worth approximately $39,000. CWM LLC increased its position in shares of IAC by 55.6% during the second quarter. CWM LLC now owns 1,142 shares of the company’s stock worth $54,000 after acquiring an additional 408 shares during the period. 1620 Investment Advisors Inc. purchased a new position in shares of IAC during the second quarter worth approximately $60,000. Finally, Geneos Wealth Management Inc. purchased a new position in shares of IAC during the first quarter worth approximately $80,000. Institutional investors own 88.90% of the company’s stock.

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.