IAC (NASDAQ:IAC) Upgraded at Wall Street Zen

IAC (NASDAQ:IAC) was upgraded by analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a report released on Saturday.

Several other research analysts have also recently weighed in on IAC. JPMorgan Chase & Co. boosted their price objective on IAC from $43.00 to $46.00 and gave the stock an “overweight” rating in a research report on Friday, December 12th. KeyCorp lowered their target price on IAC from $45.00 to $41.00 and set an “overweight” rating on the stock in a research note on Monday, November 3rd. Benchmark cut their price target on shares of IAC from $60.00 to $57.00 and set a “buy” rating on the stock in a report on Wednesday, November 5th. Barclays reduced their price target on shares of IAC from $52.00 to $48.00 and set an “overweight” rating for the company in a research report on Wednesday, November 5th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of IAC in a report on Wednesday, October 8th. Ten analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $46.67.

IAC Trading Down 1.0%

NASDAQ:IAC opened at $39.46 on Friday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 2.56 and a current ratio of 2.56. The firm has a market cap of $2.83 billion, a price-to-earnings ratio of -14.45 and a beta of 1.10. IAC has a 52 week low of $29.56 and a 52 week high of $50.49. The firm has a 50-day moving average price of $37.75 and a two-hundred day moving average price of $36.50.

IAC (NASDAQ:IAC) last announced its earnings results on Monday, November 3rd. The company reported ($0.27) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.24) by ($0.03). The business had revenue of $589.79 million during the quarter, compared to analysts’ expectations of $601.86 million. IAC had a negative return on equity of 4.61% and a negative net margin of 8.27%.IAC’s quarterly revenue was down 8.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($2.93) EPS. On average, equities analysts expect that IAC will post 0.43 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of IAC. Oak Thistle LLC bought a new position in shares of IAC in the fourth quarter worth $1,218,000. Pallas Capital Advisors LLC purchased a new position in IAC during the fourth quarter worth about $318,000. SG Americas Securities LLC increased its stake in IAC by 224.8% in the 4th quarter. SG Americas Securities LLC now owns 22,304 shares of the company’s stock worth $872,000 after acquiring an additional 15,437 shares during the last quarter. Elevation Wealth Partners LLC purchased a new stake in shares of IAC in the 4th quarter valued at about $25,000. Finally, Wealth Enhancement Advisory Services LLC bought a new stake in shares of IAC during the 4th quarter valued at about $414,000. 88.90% of the stock is owned by institutional investors.

About IAC

IAC (NASDAQ: IAC) is a publicly traded holding company headquartered in New York City that builds and invests in consumer-focused internet businesses. Through its portfolio of digital media brands, online marketplaces and subscription services, IAC delivers content and connections across a range of verticals, including lifestyle, finance, home services and personal care. The company’s operations span North America and parts of Europe, where its brands reach millions of visitors each month.

In the digital publishing space, IAC’s Dotdash Meredith division develops original content and data‐driven journalism across more than a dozen specialty sites.