IAC Inc. (NASDAQ:IAC) Receives Average Recommendation of “Moderate Buy” from Brokerages

Shares of IAC Inc. (NASDAQ:IACGet Free Report) have been given a consensus recommendation of “Moderate Buy” by the eleven brokerages that are presently covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a hold recommendation and ten have assigned a buy recommendation to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $70.91.

Several equities research analysts have recently weighed in on the stock. Barclays dropped their target price on shares of IAC from $70.00 to $66.00 and set an “overweight” rating for the company in a research report on Wednesday, November 13th. Truist Financial cut their price objective on IAC from $88.00 to $80.00 and set a “buy” rating on the stock in a research note on Wednesday, November 13th. Macquarie reiterated an “outperform” rating and issued a $14.00 price target on shares of IAC in a report on Thursday, November 14th. KeyCorp reduced their price objective on IAC from $67.00 to $66.00 and set an “overweight” rating on the stock in a research note on Friday, August 16th. Finally, UBS Group upgraded shares of IAC to a “hold” rating in a research note on Monday, October 28th.

View Our Latest Stock Analysis on IAC

Hedge Funds Weigh In On IAC

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Envestnet Portfolio Solutions Inc. acquired a new position in IAC during the 1st quarter worth $221,000. Headlands Technologies LLC increased its stake in IAC by 106.2% during the 1st quarter. Headlands Technologies LLC now owns 3,501 shares of the company’s stock valued at $187,000 after buying an additional 1,803 shares during the period. QRG Capital Management Inc. raised its position in shares of IAC by 28.4% during the 1st quarter. QRG Capital Management Inc. now owns 25,166 shares of the company’s stock worth $1,342,000 after buying an additional 5,571 shares in the last quarter. Russell Investments Group Ltd. lifted its stake in shares of IAC by 29.0% in the 1st quarter. Russell Investments Group Ltd. now owns 104,889 shares of the company’s stock worth $5,595,000 after acquiring an additional 23,567 shares during the period. Finally, State Board of Administration of Florida Retirement System boosted its holdings in shares of IAC by 6.1% in the first quarter. State Board of Administration of Florida Retirement System now owns 89,514 shares of the company’s stock valued at $4,619,000 after acquiring an additional 5,172 shares in the last quarter. 88.90% of the stock is owned by institutional investors.

IAC Stock Up 0.9 %

Shares of IAC stock opened at $47.65 on Wednesday. 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 business has a 50-day moving average of $51.87 and a 200-day moving average of $50.81. The company has a market capitalization of $3.83 billion, a PE ratio of -110.81 and a beta of 1.33.

IAC (NASDAQ:IACGet Free Report) last issued its quarterly earnings data on Tuesday, November 12th. The company reported ($2.93) earnings per share 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 business had revenue of $938.70 million for the quarter, compared to analyst estimates of $922.62 million. During the same quarter last year, the business earned ($0.30) EPS. IAC’s revenue for the quarter was down 15.5% compared to the same quarter last year. As a group, equities analysts forecast that IAC will post -3.97 EPS for the current fiscal year.

IAC Company Profile

(Get Free Report

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.

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Analyst Recommendations for IAC (NASDAQ:IAC)

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