IAC (NASDAQ:IAC) Lowered to “Hold” at StockNews.com

StockNews.com cut shares of IAC (NASDAQ:IAC) from a buy rating to a hold rating in a report released on Saturday.

IAC has been the subject of several other research reports. Wells Fargo & Company upped their price target on shares of IAC from $82.00 to $84.00 and gave the stock an overweight rating in a research report on Tuesday, May 14th. Oppenheimer lifted their price target on IAC from $65.00 to $75.00 and gave the stock an outperform rating in a research note on Thursday, May 9th. Truist Financial increased their price objective on IAC from $80.00 to $87.00 and gave the company a buy rating in a research note on Friday, May 10th. KeyCorp lifted their target price on shares of IAC from $64.00 to $67.00 and gave the stock an overweight rating in a research note on Monday, May 13th. Finally, Barclays increased their target price on shares of IAC from $72.00 to $73.00 and gave the company an overweight rating in a research report on Thursday, May 9th. Two research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of Moderate Buy and an average price target of $79.92.

IAC Trading Down 3.2 %

IAC stock opened at $55.17 on Friday. The company’s fifty day moving average price is $51.86 and its 200 day moving average price is $51.22. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.70 and a quick ratio of 2.70. IAC has a 1 year low of $41.39 and a 1 year high of $69.85.

Hedge Funds Weigh In On IAC

A number of hedge funds and other institutional investors have recently bought and sold shares of IAC. Riverview Trust Co purchased a new stake in shares of IAC during the first quarter worth $27,000. Geneos Wealth Management Inc. purchased a new stake in IAC during the 1st quarter worth about $80,000. Spire Wealth Management raised its position in IAC by 23.1% in the 3rd quarter. Spire Wealth Management now owns 1,612 shares of the company’s stock valued at $81,000 after purchasing an additional 303 shares in the last quarter. Covestor Ltd boosted its stake in shares of IAC by 15.4% in the 3rd quarter. Covestor Ltd now owns 2,144 shares of the company’s stock valued at $108,000 after buying an additional 286 shares during the period. Finally, Headlands Technologies LLC grew its position in shares of IAC by 39.7% during the third quarter. Headlands Technologies LLC now owns 2,702 shares of the company’s stock worth $136,000 after buying an additional 768 shares in the last quarter. 88.90% of the stock is currently owned by hedge funds and other 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.