IAC Inc. (NASDAQ:IAC) Receives $70.36 Average PT from Analysts

Shares of IAC Inc. (NASDAQ:IAC) have earned an average recommendation of “Moderate Buy” from the twelve research firms that are currently covering the stock, MarketBeat reports. Two research analysts have rated the stock with a hold recommendation and ten have assigned a buy recommendation to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $69.00.

A number of research firms recently commented on IAC. Macquarie reissued an “outperform” rating and issued a $14.00 price target on shares of IAC in a report on Thursday, November 14th. TD Cowen lowered their target price on shares of IAC from $82.00 to $77.00 and set a “buy” rating on the stock in a report on Wednesday, November 13th. Benchmark reaffirmed a “buy” rating and set a $110.00 target price on shares of IAC in a research note on Tuesday, November 12th. UBS Group upgraded shares of IAC to a “hold” rating in a research note on Monday, October 28th. Finally, KeyCorp cut their price objective on IAC from $66.00 to $60.00 and set an “overweight” rating for the company in a research report on Wednesday, November 20th.

IAC Stock Performance

Shares of NASDAQ IAC opened at $44.47 on Friday. 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 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 $49.88 and a 200-day moving average price of $50.03. The stock has a market cap of $3.58 billion, a PE ratio of -103.42 and a beta of 1.31.

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 will post -3.97 earnings per share for the current fiscal year.

Institutional Investors Weigh In On IAC

Institutional investors have recently modified their holdings of the stock. International Assets Investment Management LLC bought a new position in shares of IAC during the 2nd quarter valued at approximately $39,000. GAMMA Investing LLC increased its position in IAC by 98.8% during the third quarter. GAMMA Investing LLC now owns 990 shares of the company’s stock valued at $53,000 after acquiring an additional 492 shares during the last quarter. Quarry LP raised its stake in shares of IAC by 408.9% in 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. CWM LLC lifted its holdings in shares of IAC by 55.6% in the 2nd 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, 1620 Investment Advisors Inc. purchased a new position in shares of IAC during the 2nd quarter worth about $60,000. 88.90% of the stock is owned by institutional investors.

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.