IAC (NASDAQ:IAC) Given New $60.00 Price Target at KeyCorp

IAC (NASDAQ:IAC) had its price objective trimmed by KeyCorp from $66.00 to $60.00 in a research report report published on Wednesday,Benzinga reports. The brokerage currently has an overweight rating on the stock.

Other equities analysts also recently issued research reports about the stock. Truist Financial lowered their price target on shares of IAC from $88.00 to $80.00 and set a “buy” rating on the stock in a report on Wednesday, November 13th. Benchmark reaffirmed a “buy” rating and issued a $110.00 target price on shares of IAC in a report on Tuesday, November 12th. Citigroup decreased their price target on IAC from $70.00 to $66.00 and set a “buy” rating on the stock in a report on Thursday, August 8th. TD Cowen lowered their price objective on IAC from $82.00 to $77.00 and set a “buy” rating on the stock in a research report on Wednesday, November 13th. Finally, Macquarie reiterated an “outperform” rating and set a $14.00 target price on shares of IAC in a research report on Thursday, November 14th. Two research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $70.36.

IAC Trading Up 1.6 %

Shares of IAC stock opened at $48.47 on Wednesday. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.75 and a quick ratio of 2.75. The company has a market cap of $3.90 billion, a price-to-earnings ratio of -112.72 and a beta of 1.33. IAC has a 1 year low of $43.51 and a 1 year high of $58.29. The firm has a fifty day moving average price of $51.67 and a 200-day moving average price of $50.72.

IAC (NASDAQ:IAC) last issued its quarterly earnings results on Tuesday, November 12th. The company reported ($2.93) EPS for the quarter, missing analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $922.62 million. During the same quarter in the previous year, the company earned ($0.30) EPS. The business’s quarterly revenue was down 15.5% compared to the same quarter last year. As a group, equities analysts predict that IAC will post -3.97 earnings per share for the current year.

Institutional Investors Weigh In On IAC

Several large investors have recently bought and sold shares of IAC. Tandem Capital Management Corp ADV grew its stake in shares of IAC by 0.6% in the 2nd quarter. Tandem Capital Management Corp ADV now owns 47,222 shares of the company’s stock worth $2,192,000 after buying an additional 260 shares in the last quarter. Greenwich Wealth Management LLC lifted its holdings in shares of 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 acquiring an additional 284 shares during the last quarter. Nisa Investment Advisors LLC grew its position in IAC by 2.7% in the third quarter. Nisa Investment Advisors LLC now owns 15,475 shares of the company’s stock worth $833,000 after acquiring an additional 405 shares in the last quarter. CWM LLC increased its stake in 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 last quarter. Finally, Victory Capital Management Inc. raised its position in IAC by 1.6% during the third quarter. Victory Capital Management Inc. now owns 31,686 shares of the company’s stock valued at $1,705,000 after purchasing an additional 490 shares during the period. 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.