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

Shares of IAC Inc. (NASDAQ:IAC) have been assigned a consensus recommendation of “Moderate Buy” from the ten analysts that are presently covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a hold recommendation and nine have assigned a buy recommendation to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $78.69.

A number of research analysts have commented on IAC shares. Truist Financial raised their target price on shares of IAC from $77.00 to $80.00 and gave the company a “buy” rating in a research report on Thursday, February 15th. KeyCorp raised their target price 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. Barclays raised their target price on shares of IAC from $62.00 to $72.00 and gave the company an “overweight” rating in a research report on Thursday, February 15th. Finally, UBS Group raised their target price on shares of IAC from $60.00 to $64.00 and gave the company a “neutral” rating in a research report on Thursday, February 15th.

Institutional Trading of IAC

Several institutional investors and hedge funds have recently bought and sold shares of the business. Pinnacle Associates Ltd. lifted its stake in shares of IAC by 51.7% in the 1st quarter. Pinnacle Associates Ltd. now owns 231,212 shares of the company’s stock valued at $12,333,000 after purchasing an additional 78,767 shares during the period. WCM Investment Management LLC lifted its stake in shares of IAC by 0.4% in the 1st quarter. WCM Investment Management LLC now owns 296,941 shares of the company’s stock valued at $15,839,000 after purchasing an additional 1,070 shares during the period. Simplicity Wealth LLC acquired a new position in shares of IAC in the 1st quarter valued at $4,699,000. Raymond James Financial Services Advisors Inc. lifted its stake in shares of IAC by 1.4% in the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 123,963 shares of the company’s stock valued at $6,612,000 after purchasing an additional 1,660 shares during the period. Finally, Investment Partners Asset Management Inc. lifted its stake in shares of IAC by 11.1% in the 1st quarter. Investment Partners Asset Management Inc. now owns 7,580 shares of the company’s stock valued at $404,000 after purchasing an additional 755 shares during the period. 88.90% of the stock is currently owned by institutional investors and hedge funds.

IAC Price Performance

IAC stock opened at $48.62 on Friday. The firm has a 50-day moving average price of $52.13 and a 200-day moving average price of $50.24. The firm has a market capitalization of $3.89 billion, a PE ratio of 19.60 and a beta of 1.32. The company has a current ratio of 2.36, a quick ratio of 2.36 and a debt-to-equity ratio of 0.30. IAC has a 12-month low of $41.39 and a 12-month high of $69.85.

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

IAC Company Profile

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.