Weekly Research Analysts’ Ratings Updates for IAC (IAC)

Several brokerages have updated their recommendations and price targets on shares of IAC (NASDAQ: IAC) in the last few weeks:

• 11/20/2024 – IAC had its price target lowered by analysts at KeyCorp from $66.00 to $60.00. They now have an “overweight” rating on the stock.
• 11/14/2024 – IAC had its “outperform” rating reaffirmed by analysts at Macquarie. They now have a $14.00 price target on the stock.
• 11/13/2024 – IAC had its price target lowered by analysts at Barclays PLC from $70.00 to $66.00. They now have an “overweight” rating on the stock.
• 11/13/2024 – IAC had its price target lowered by analysts at Truist Financial Co. from $88.00 to $80.00. They now have a “buy” rating on the stock.
• 11/13/2024 – IAC had its price target lowered by analysts at TD Cowen from $82.00 to $77.00. They now have a “buy” rating on the stock.
• 11/12/2024 – IAC had its “buy” rating reaffirmed by analysts at Benchmark Co.. They now have a $110.00 price target on the stock.
• 10/28/2024 – IAC was upgraded by analysts at UBS Group AG to a “hold” rating.

IAC Stock Performance

Shares of NASDAQ IAC opened at $48.56 on Tuesday. 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 Inc. 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 $51.59 and a 200-day moving average price of $50.60. The stock has a market cap of $3.91 billion, a PE ratio of -112.93 and a beta of 1.33.

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

Institutional Investors Weigh In On IAC

Institutional investors have recently added to or reduced their stakes in the stock. International Assets Investment Management LLC purchased a new position in IAC during the 2nd quarter valued at approximately $39,000. GAMMA Investing LLC grew its holdings in shares of IAC by 98.8% in the third quarter. GAMMA Investing LLC now owns 990 shares of the company’s stock valued at $53,000 after purchasing an additional 492 shares in the last quarter. Quarry LP increased its position in IAC by 408.9% in the third quarter. Quarry LP now owns 977 shares of the company’s stock worth $53,000 after purchasing an additional 785 shares during the last quarter. CWM LLC raised its stake in IAC by 55.6% during the second quarter. CWM LLC now owns 1,142 shares of the company’s stock valued at $54,000 after purchasing an additional 408 shares in the last quarter. Finally, 1620 Investment Advisors Inc. bought a new position in IAC during the second quarter valued at $60,000. 88.90% of the stock is owned by hedge funds and other institutional investors.

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.