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

Shares of IAC Inc. (NASDAQ:IACGet Rating) have earned a consensus recommendation of “Moderate Buy” from the sixteen research firms that are presently covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell rating and five have given a buy rating to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $97.00.

A number of equities research analysts have issued reports on the company. Benchmark cut their price target on IAC to $130.00 in a research note on Tuesday. KeyCorp reduced their price objective on IAC from $100.00 to $60.00 in a research note on Tuesday, November 8th. Piper Sandler reduced their price objective on IAC from $100.00 to $67.00 and set an “overweight” rating on the stock in a research note on Wednesday, November 9th. Credit Suisse Group lifted their target price on IAC from $101.00 to $108.00 and gave the stock an “outperform” rating in a report on Thursday, November 10th. Finally, StockNews.com began coverage on IAC in a report on Wednesday, October 12th. They issued a “sell” rating for the company.

IAC Price Performance

Shares of IAC opened at $47.11 on Friday. The company has a current ratio of 2.29, a quick ratio of 2.29 and a debt-to-equity ratio of 0.31. The firm has a market cap of $3.91 billion, a PE ratio of -3.55 and a beta of 0.91. IAC has a 1-year low of $43.80 and a 1-year high of $140.77. The firm has a fifty day simple moving average of $52.33 and a two-hundred day simple moving average of $67.86.

Insider Activity at IAC

In other IAC news, major shareholder Iac Inc. bought 148,000 shares of the business’s stock in a transaction on Monday, August 22nd. The stock was bought at an average price of $33.78 per share, with a total value of $4,999,440.00. Following the completion of the purchase, the insider now directly owns 64,672,502 shares in the company, valued at $2,184,637,117.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 13.30% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the company. Quadrant Capital Group LLC increased its position in shares of IAC by 33.5% during the first quarter. Quadrant Capital Group LLC now owns 542 shares of the company’s stock worth $54,000 after purchasing an additional 136 shares in the last quarter. Lindbrook Capital LLC boosted its holdings in IAC by 28.4% in the 2nd quarter. Lindbrook Capital LLC now owns 664 shares of the company’s stock valued at $50,000 after purchasing an additional 147 shares in the last quarter. Boyar Asset Management Inc. boosted its holdings in IAC by 1.9% in the 2nd quarter. Boyar Asset Management Inc. now owns 8,581 shares of the company’s stock valued at $652,000 after purchasing an additional 164 shares in the last quarter. Greenleaf Trust boosted its holdings in IAC by 6.9% in the 2nd quarter. Greenleaf Trust now owns 3,185 shares of the company’s stock valued at $242,000 after purchasing an additional 205 shares in the last quarter. Finally, Royal London Asset Management Ltd. boosted its stake in shares of IAC by 0.7% during the 2nd quarter. Royal London Asset Management Ltd. now owns 30,781 shares of the company’s stock worth $2,339,000 after acquiring an additional 209 shares in the last quarter. 99.07% of the stock is currently owned by hedge funds and other institutional investors.

About IAC

(Get Rating)

IAC/InterActiveCorp 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.

Further Reading

Analyst Recommendations for IAC (NASDAQ:IAC)

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