IAC (NASDAQ:IAC) PT Lowered to $64.00 at KeyCorp

IAC (NASDAQ:IAC) had its target price lowered by KeyCorp from $72.00 to $64.00 in a research note issued to investors on Friday morning, Benzinga reports. KeyCorp currently has an overweight rating on the stock.

Several other research analysts have also issued reports on the company. Truist Financial raised their target price on IAC from $77.00 to $80.00 and gave the stock a buy rating in a research report on Thursday, February 15th. Barclays raised their price objective on IAC from $62.00 to $72.00 and gave the stock an overweight rating in a research report on Thursday, February 15th. Finally, UBS Group upped their target price on IAC from $60.00 to $64.00 and gave the company a neutral rating in a report on Thursday, February 15th. Two investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of Moderate Buy and an average target price of $78.23.

IAC Stock Performance

NASDAQ:IAC opened at $55.75 on Friday. The stock’s 50-day moving average is $51.47 and its 200-day moving average is $50.48. IAC has a 1-year low of $41.39 and a 1-year high of $69.85. The company has a current ratio of 2.36, a quick ratio of 2.36 and a debt-to-equity ratio of 0.30. The stock has a market cap of $4.48 billion, a P/E ratio of 22.48 and a beta of 1.34.

IAC (NASDAQ:IAC) last posted its earnings results on Tuesday, February 13th. The company reported ($0.73) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.20) by ($0.53). The business had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $1.06 billion. IAC had a negative return on equity of 4.15% and a net margin of 6.09%. Equities research analysts anticipate that IAC will post -2.02 earnings per share for the current year.

Institutional Investors Weigh In On IAC

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

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.