IAC Inc. (NASDAQ:IAC) Given Consensus Rating of “Moderate Buy” by Analysts

IAC Inc. (NASDAQ:IAC) has earned an average rating of “Moderate Buy” from the thirteen research firms that are currently covering the company, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold rating and eleven have issued a buy rating on the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $64.31.

Several research firms have recently commented on IAC. Piper Sandler downgraded shares of IAC from an “overweight” rating to a “neutral” rating and lowered their target price for the stock from $68.00 to $54.00 in a report on Tuesday, December 10th. Citigroup boosted their price target on shares of IAC from $56.00 to $58.00 and gave the stock a “buy” rating in a research note on Friday, January 31st. Truist Financial cut their price objective on IAC from $80.00 to $76.00 and set a “buy” rating for the company in a research report on Thursday, February 13th. JPMorgan Chase & Co. reiterated an “overweight” rating and issued a $60.00 target price on shares of IAC in a research report on Friday. Finally, JMP Securities cut their price target on IAC from $70.00 to $64.00 and set a “market outperform” rating for the company in a report on Thursday, February 13th.

Institutional Investors Weigh In On IAC

Several institutional investors have recently made changes to their positions in the company. Commonwealth Equity Services LLC raised its position in IAC by 2.9% in the 4th quarter. Commonwealth Equity Services LLC now owns 11,532 shares of the company’s stock worth $497,000 after purchasing an additional 320 shares during the period. Aster Capital Management DIFC Ltd grew its stake in shares of IAC by 287.4% during the fourth quarter. Aster Capital Management DIFC Ltd now owns 616 shares of the company’s stock valued at $27,000 after buying an additional 457 shares during the last quarter. Victory Capital Management Inc. raised its holdings in shares of IAC by 1.6% in the third quarter. Victory Capital Management Inc. now owns 31,686 shares of the company’s stock worth $1,705,000 after buying an additional 490 shares during the period. Illinois Municipal Retirement Fund lifted its stake in shares of IAC by 1.4% during the 4th quarter. Illinois Municipal Retirement Fund now owns 38,348 shares of the company’s stock worth $1,654,000 after acquiring an additional 531 shares during the last quarter. Finally, Oppenheimer Asset Management Inc. boosted its holdings in IAC by 2.8% during the 3rd quarter. Oppenheimer Asset Management Inc. now owns 21,913 shares of the company’s stock valued at $1,179,000 after acquiring an additional 597 shares during the period. Institutional investors own 88.90% of the company’s stock.

IAC Stock Down 0.3 %

Shares of IAC opened at $48.39 on Tuesday. The business’s 50 day moving average is $44.25 and its 200 day moving average is $47.33. The company has a current ratio of 2.80, a quick ratio of 2.75 and a debt-to-equity ratio of 0.31. IAC has a 12-month low of $39.61 and a 12-month high of $58.29. The company has a market capitalization of $3.75 billion, a PE ratio of -7.42 and a beta of 1.29.

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.