Brokerages Set IAC Inc. (NASDAQ:IAC) Target Price at $64.67

Shares of IAC Inc. (NASDAQ:IAC) have received a consensus recommendation of “Moderate Buy” from the twelve analysts that are covering the company, MarketBeat reports. Two analysts have rated the stock with a hold rating and ten have issued a buy rating on the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $64.67.

IAC has been the subject of a number of research analyst reports. Barclays lowered their target price on IAC from $66.00 to $61.00 and set an “overweight” rating for the company in a research note on Thursday, February 13th. Citigroup raised their target price on shares of IAC from $56.00 to $58.00 and gave the company a “buy” rating in a research note on Friday, January 31st. Macquarie reiterated an “outperform” rating and issued a $14.00 price target on shares of IAC in a research note on Thursday, November 14th. Benchmark reduced their target price on IAC from $105.00 to $100.00 and set a “buy” rating for the company in a report on Thursday, February 13th. Finally, Piper Sandler downgraded IAC from an “overweight” rating to a “neutral” rating and dropped their price target for the stock from $68.00 to $54.00 in a research note on Tuesday, December 10th.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Poehling Capital Management INC. acquired a new position in shares of IAC during the 4th quarter worth approximately $1,255,000. Ursa Fund Management LLC acquired a new position in IAC during the fourth quarter worth $647,000. Two Sigma Advisers LP lifted its holdings in IAC by 99.5% during the fourth quarter. Two Sigma Advisers LP now owns 17,992 shares of the company’s stock valued at $776,000 after purchasing an additional 8,975 shares in the last quarter. Two Sigma Investments LP grew its position in shares of IAC by 410.0% in the fourth quarter. Two Sigma Investments LP now owns 89,754 shares of the company’s stock valued at $3,872,000 after purchasing an additional 72,155 shares during the period. Finally, Steamboat Capital Partners LLC increased its stake in shares of IAC by 97.8% during the fourth quarter. Steamboat Capital Partners LLC now owns 39,384 shares of the company’s stock worth $1,699,000 after purchasing an additional 19,475 shares in the last quarter. 88.90% of the stock is owned by institutional investors and hedge funds.

IAC Stock Down 0.9 %

IAC opened at $45.82 on Friday. IAC has a fifty-two week low of $39.61 and a fifty-two week high of $58.29. The firm has a market capitalization of $3.69 billion, a P/E ratio of -7.03 and a beta of 1.32. The company’s 50-day moving average is $43.15 and its 200 day moving average is $48.05. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.80 and a quick ratio of 2.75.

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.