IAC Inc. (NASDAQ:IAC) Receives $78.69 Consensus Target Price from Brokerages

Shares of IAC Inc. (NASDAQ:IAC) have been assigned an average recommendation of “Moderate Buy” from the ten analysts that are currently covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a hold recommendation and nine have given a buy recommendation to the company. The average 1 year price target among analysts that have covered the stock in the last year is $78.69.

Several research analysts have recently issued reports on the stock. UBS Group increased their price objective on shares of IAC from $60.00 to $64.00 and gave the company a “neutral” rating in a report on Thursday, February 15th. KeyCorp increased their price target on shares of IAC from $68.00 to $70.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 13th. Truist Financial increased their price target on shares of IAC from $77.00 to $80.00 and gave the stock a “buy” rating in a research note on Thursday, February 15th. Finally, Barclays raised their target price on shares of IAC from $62.00 to $72.00 and gave the company an “overweight” rating in a research note on Thursday, February 15th.

IAC Trading Down 1.5 %

Shares of IAC stock opened at $51.83 on Tuesday. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.36 and a quick ratio of 2.36. IAC has a 1 year low of $41.39 and a 1 year high of $69.85. The company has a market capitalization of $4.15 billion, a P/E ratio of 21.21 and a beta of 1.32. The business has a 50 day moving average price of $53.17 and a 200 day moving average price of $50.37.

IAC (NASDAQ:IAC) last issued its quarterly earnings data on Tuesday, February 13th. The company reported ($0.73) EPS for the quarter, missing analysts’ consensus estimates of ($0.20) by ($0.53). IAC had a negative return on equity of 4.15% and a net margin of 6.09%. The firm had revenue of $1.06 billion during the quarter, compared to analyst estimates of $1.06 billion. Sell-side analysts anticipate that IAC will post -1.99 EPS for the current fiscal year.

Institutional Investors Weigh In On IAC

Several hedge funds and other institutional investors have recently added to or reduced their stakes in IAC. Raymond James Financial Services Advisors Inc. grew its position in shares of IAC by 20.2% during the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 5,339 shares of the company’s stock worth $535,000 after buying an additional 897 shares during the period. American Century Companies Inc. grew its holdings in IAC by 15.7% during the first quarter. American Century Companies Inc. now owns 4,292 shares of the company’s stock valued at $430,000 after purchasing an additional 582 shares during the period. Bank of Montreal Can grew its holdings in IAC by 161.5% during the first quarter. Bank of Montreal Can now owns 12,479 shares of the company’s stock valued at $1,304,000 after purchasing an additional 7,707 shares during the period. MetLife Investment Management LLC acquired a new position in IAC during the first quarter valued at approximately $153,000. Finally, Panagora Asset Management Inc. grew its holdings in IAC by 98.7% during the first quarter. Panagora Asset Management Inc. now owns 14,912 shares of the company’s stock valued at $1,495,000 after purchasing an additional 7,406 shares during the period. Institutional investors and hedge funds own 88.90% of the company’s stock.

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.