IAC Inc. (NASDAQ:IAC) Given Consensus Rating of “Moderate Buy” by Analysts

IAC Inc. (NASDAQ:IAC) has been given an average recommendation of “Moderate Buy” by the ten ratings firms that are currently covering the stock, Marketbeat reports. One research analyst has rated the stock with a hold rating and nine have issued a buy rating on the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $76.40.

A number of analysts have weighed in on IAC shares. Barclays reduced their price target on IAC from $73.00 to $70.00 and set an “overweight” rating for the company in a research report on Thursday, August 8th. KeyCorp reduced their target price on IAC from $67.00 to $66.00 and set an “overweight” rating for the company in a report on Friday, August 16th. Citigroup lowered their price target on IAC from $70.00 to $66.00 and set a “buy” rating on the stock in a report on Thursday, August 8th. Benchmark restated a “buy” rating and issued a $110.00 price objective on shares of IAC in a research note on Tuesday, August 27th. Finally, JMP Securities began coverage on shares of IAC in a research note on Tuesday, July 9th. They issued an “outperform” rating and a $78.00 target price on the stock.

Institutional Trading of IAC

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Riverview Trust Co bought a new stake in IAC in the first quarter valued at about $27,000. International Assets Investment Management LLC acquired a new position in shares of IAC in the 2nd quarter worth approximately $39,000. CWM LLC lifted its position in shares of IAC by 55.6% during the 2nd quarter. CWM LLC now owns 1,142 shares of the company’s stock worth $54,000 after buying an additional 408 shares during the period. 1620 Investment Advisors Inc. acquired a new stake in IAC in the 2nd quarter valued at $60,000. Finally, Geneos Wealth Management Inc. bought a new stake in IAC in the first quarter valued at $80,000. 88.90% of the stock is currently owned by institutional investors and hedge funds.

IAC Price Performance

Shares of IAC opened at $54.70 on Tuesday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 2.68 and a current ratio of 2.68. The firm has a market cap of $4.39 billion, a PE ratio of -34.62 and a beta of 1.32. The firm’s 50 day moving average price is $51.44 and its 200 day moving average price is $50.66. IAC has a twelve month low of $41.39 and a twelve month high of $58.29.

IAC (NASDAQ:IAC) last announced its quarterly earnings results on Tuesday, August 6th. The company reported ($1.71) EPS for the quarter, missing the consensus estimate of ($0.32) by ($1.39). IAC had a negative return on equity of 2.35% and a negative net margin of 3.95%. The business had revenue of $949.50 million for the quarter, compared to analyst estimates of $942.77 million. During the same quarter last year, the company earned ($0.76) EPS. The business’s revenue for the quarter was down 14.6% compared to the same quarter last year. As a group, research analysts expect that IAC will post -0.79 EPS for the current fiscal year.

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.