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

IAC Inc. (NASDAQ:IACGet Free Report) has received an average rating of “Moderate Buy” from the ten brokerages that are currently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold rating and nine have given a buy rating to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $78.69.

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

View Our Latest Research Report on IAC

Institutional Trading of IAC

A number of hedge funds and other institutional investors have recently modified their holdings of IAC. Parkside Investments LLC increased its holdings in IAC by 13.8% during the fourth quarter. Parkside Investments LLC now owns 176,269 shares of the company’s stock worth $9,233,000 after buying an additional 21,400 shares during the last quarter. TimesSquare Capital Management LLC grew its holdings in IAC by 66.6% during the third quarter. TimesSquare Capital Management LLC now owns 1,034,411 shares of the company’s stock worth $52,124,000 after purchasing an additional 413,440 shares during the period. Citigroup Inc. increased its position in IAC by 9.4% during the third quarter. Citigroup Inc. now owns 15,286 shares of the company’s stock worth $770,000 after buying an additional 1,315 shares during the last quarter. Envestnet Asset Management Inc. lifted its position in shares of IAC by 70.9% in the third quarter. Envestnet Asset Management Inc. now owns 160,154 shares of the company’s stock valued at $8,070,000 after buying an additional 66,427 shares during the last quarter. Finally, UBS Group AG increased its holdings in shares of IAC by 17.6% during the 3rd quarter. UBS Group AG now owns 269,031 shares of the company’s stock worth $13,556,000 after acquiring an additional 40,313 shares during the last quarter. Institutional investors and hedge funds own 88.90% of the company’s stock.

IAC Trading Up 0.2 %

IAC opened at $53.43 on Tuesday. The firm’s fifty day moving average is $53.07 and its two-hundred day moving average is $50.35. The firm has a market cap of $4.28 billion, a PE ratio of 21.54 and a beta of 1.32. IAC has a twelve month low of $41.39 and a twelve month high of $69.85. The company has a debt-to-equity ratio of 0.30, a quick ratio of 2.36 and a current ratio of 2.36.

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

Further Reading

Analyst Recommendations for IAC (NASDAQ:IAC)

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