IAC (NASDAQ:IAC) Stock Price Up 5.3% – Should You Buy?

IAC Inc. (NASDAQ:IAC)’s share price shot up 5.3% during mid-day trading on Monday . The stock traded as high as $47.15 and last traded at $46.94. 88,377 shares changed hands during mid-day trading, a decline of 88% from the average session volume of 740,975 shares. The stock had previously closed at $44.56.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on IAC shares. Piper Sandler downgraded IAC from an “overweight” rating to a “neutral” rating and decreased their price objective for the company from $68.00 to $54.00 in a report on Tuesday, December 10th. KeyCorp boosted their target price on IAC from $60.00 to $64.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 18th. Barclays decreased their price target on IAC from $66.00 to $61.00 and set an “overweight” rating on the stock in a research note on Thursday, February 13th. Truist Financial cut their price objective on IAC from $80.00 to $76.00 and set a “buy” rating for the company in a research report on Thursday, February 13th. Finally, Citigroup boosted their price objective on shares of IAC from $56.00 to $58.00 and gave the stock a “buy” rating in a report on Friday, January 31st. Three equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, IAC currently has a consensus rating of “Moderate Buy” and an average target price of $64.67.

IAC Trading Up 4.3 %

The stock has a market cap of $3.60 billion, a price-to-earnings ratio of -7.12 and a beta of 1.29. The business’s fifty day simple moving average is $43.68 and its 200 day simple moving average is $47.45. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.80 and a quick ratio of 2.75.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. Aster Capital Management DIFC Ltd grew its position in IAC by 287.4% in the 4th quarter. Aster Capital Management DIFC Ltd now owns 616 shares of the company’s stock valued at $27,000 after buying an additional 457 shares in the last quarter. Bank Julius Baer & Co. Ltd Zurich bought a new position in shares of IAC in the fourth quarter valued at approximately $41,000. Quarry LP increased its stake in shares of 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. 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 worth $89,000 after purchasing an additional 1,916 shares in the last quarter. Finally, Aquatic Capital Management LLC bought a new position in IAC during the fourth quarter valued at about $135,000. 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.