IAC (NASDAQ:IAC) Trading Up 7.3% – What’s Next?

IAC Inc. (NASDAQ:IAC)’s stock price was up 7.3% on Thursday . The stock traded as high as $46.66 and last traded at $46.57. Approximately 531,196 shares changed hands during trading, a decline of 28% from the average daily volume of 738,333 shares. The stock had previously closed at $43.39.

Wall Street Analyst Weigh In

Several analysts have weighed in on IAC shares. TD Cowen dropped their price objective on IAC from $82.00 to $77.00 and set a “buy” rating for the company in a report on Wednesday, November 13th. UBS Group lowered their price target on IAC from $55.00 to $54.00 and set a “neutral” rating for the company in a research note on Thursday. JMP Securities lowered their price target on IAC from $70.00 to $64.00 and set a “market outperform” rating for the company in a research note on Thursday. Citigroup upped their price target on IAC from $56.00 to $58.00 and gave the company a “buy” rating in a research note on Friday, January 31st. Finally, Benchmark decreased their price objective on IAC from $105.00 to $100.00 and set a “buy” rating for the company in a research report on Thursday. Three analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $64.33.

IAC Trading Down 2.1 %

The firm has a fifty day moving average price of $43.08 and a 200 day moving average price of $48.18. The company has a debt-to-equity ratio of 0.30, a quick ratio of 2.75 and a current ratio of 2.75. The company has a market cap of $3.78 billion, a price-to-earnings ratio of -109.26 and a beta of 1.32.

Institutional Investors Weigh In On IAC

Large investors have recently added to or reduced their stakes in the business. Sanctuary Advisors LLC raised its stake in IAC by 581.3% in the 3rd quarter. Sanctuary Advisors LLC now owns 98,307 shares of the company’s stock valued at $5,291,000 after acquiring an additional 83,878 shares during the period. Charles Schwab Investment Management Inc. increased its position in IAC by 5.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 948,112 shares of the company’s stock worth $51,027,000 after buying an additional 52,271 shares during the period. Royce & Associates LP increased its position in IAC by 5.1% during the 3rd quarter. Royce & Associates LP now owns 278,679 shares of the company’s stock worth $14,999,000 after buying an additional 13,400 shares during the period. Teachers Retirement System of The State of Kentucky increased its position in IAC by 15.2% during the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 334,267 shares of the company’s stock worth $17,990,000 after buying an additional 44,000 shares during the period. Finally, Barclays PLC increased its position in IAC by 922.5% during the 3rd quarter. Barclays PLC now owns 60,737 shares of the company’s stock worth $3,268,000 after buying an additional 54,797 shares during the period. Institutional investors own 88.90% of the company’s stock.

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.