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

Shares of IAC Inc. (NASDAQ:IAC) have been assigned a consensus recommendation of “Moderate Buy” from the twelve ratings firms that are currently covering the firm, Marketbeat reports. Two investment analysts have rated the stock with a hold rating and ten have issued a buy rating on the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $67.50.

Several research analysts recently commented on the company. Citigroup dropped their price target on IAC from $60.00 to $56.00 and set a “buy” rating for the company in a research report on Friday. KeyCorp cut their target price on IAC from $66.00 to $60.00 and set an “overweight” rating on the stock in a research report on Wednesday, November 20th. Truist Financial lowered their price target on IAC from $88.00 to $80.00 and set a “buy” rating for the company in a research report on Wednesday, November 13th. Barclays cut their price objective 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. Finally, JMP Securities restated a “market outperform” rating and issued a $70.00 target price on shares of IAC in a report on Monday, December 16th.

IAC Price Performance

Shares of IAC stock opened at $43.57 on Thursday. The firm has a market cap of $3.51 billion, a PE ratio of -101.32 and a beta of 1.32. The stock has a 50 day moving average of $46.83 and a 200 day moving average of $49.42. The company has a current ratio of 2.75, a quick ratio of 2.75 and a debt-to-equity ratio of 0.30. IAC has a 12 month low of $41.08 and a 12 month high of $58.29.

IAC (NASDAQ:IAC) last posted its 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 net margin of 0.34% and a negative return on equity of 5.63%. The firm had revenue of $938.70 million for the quarter, compared to the consensus estimate of $922.62 million. During the same quarter in the prior year, the company posted ($0.30) earnings per share. The firm’s revenue was down 15.5% compared to the same quarter last year. On average, research analysts expect that IAC will post -3.97 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of IAC by 2.4% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,847,499 shares of the company’s stock worth $153,252,000 after purchasing an additional 66,347 shares during the last quarter. State Street Corp increased its holdings in shares of IAC by 1.2% in the third quarter. State Street Corp now owns 2,360,210 shares of the company’s stock valued at $127,027,000 after purchasing an additional 28,577 shares during the period. Thompson Siegel & Walmsley LLC lifted its stake in IAC by 5.1% during the 2nd quarter. Thompson Siegel & Walmsley LLC now owns 1,633,452 shares of the company’s stock valued at $76,527,000 after acquiring an additional 79,951 shares during the period. Geode Capital Management LLC boosted its holdings in IAC by 2.2% in the third quarter. Geode Capital Management LLC now owns 1,217,480 shares of the company’s stock valued at $65,541,000 after purchasing an additional 25,909 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in IAC by 5.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 948,112 shares of the company’s stock valued at $51,027,000 after acquiring an additional 52,271 shares in the last quarter. Institutional investors own 88.90% of the company’s stock.

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.