IAC Inc. (NASDAQ:IAC) Given Average Recommendation of “Moderate Buy” by Analysts

Shares of IAC Inc. (NASDAQ:IAC) have been assigned a consensus rating of “Moderate Buy” from the fourteen analysts that are currently covering the firm, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold recommendation and twelve have given a buy recommendation to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $54.08.

Several equities analysts recently issued reports on the stock. The Goldman Sachs Group dropped their target price on shares of IAC from $60.00 to $46.00 and set a “buy” rating on the stock in a report on Wednesday, May 7th. Cowen restated a “buy” rating on shares of IAC in a research report on Monday, May 5th. Piper Sandler decreased their target price on IAC from $54.00 to $44.00 and set a “neutral” rating for the company in a research note on Wednesday, May 7th. KeyCorp lowered their target price on IAC from $64.00 to $49.00 and set an “overweight” rating for the company in a report on Monday, May 5th. Finally, UBS Group cut their price target on IAC from $54.00 to $38.00 and set a “neutral” rating on the stock in a report on Wednesday, May 7th.

Institutional Investors Weigh In On IAC

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Commonwealth Equity Services LLC increased its holdings in IAC by 2.9% during 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 in the last quarter. Bleakley Financial Group LLC boosted its position in shares of IAC by 1.0% during the first quarter. Bleakley Financial Group LLC now owns 33,097 shares of the company’s stock valued at $1,520,000 after buying an additional 324 shares during the last quarter. Versant Capital Management Inc boosted its position in shares of IAC by 118.6% during the first quarter. Versant Capital Management Inc now owns 680 shares of the company’s stock valued at $31,000 after buying an additional 369 shares during the last quarter. US Bancorp DE grew its holdings in IAC by 21.9% during the first quarter. US Bancorp DE now owns 2,234 shares of the company’s stock worth $103,000 after buying an additional 401 shares in the last quarter. Finally, TD Private Client Wealth LLC raised its position in IAC by 282.2% in the 1st quarter. TD Private Client Wealth LLC now owns 581 shares of the company’s stock valued at $27,000 after buying an additional 429 shares during the last quarter. Institutional investors and hedge funds own 88.90% of the company’s stock.

IAC Trading Up 1.3%

Shares of IAC stock opened at $39.38 on Thursday. IAC has a 1-year low of $32.05 and a 1-year high of $55.40. The company has a current ratio of 2.70, a quick ratio of 2.70 and a debt-to-equity ratio of 0.30. The stock has a market cap of $2.92 billion, a price-to-earnings ratio of -4.07 and a beta of 1.23. The stock has a 50-day moving average of $36.70 and a 200-day moving average of $40.34.

IAC (NASDAQ:IAC) last released its quarterly earnings results on Monday, May 5th. The company reported ($2.80) earnings per share (EPS) for the quarter, topping the consensus estimate of ($3.94) by $1.14. IAC had a negative net margin of 23.25% and a negative return on equity of 11.11%. The firm had revenue of $570.49 million during the quarter, compared to analyst estimates of $809.18 million. During the same quarter last year, the business earned $0.51 EPS. The company’s revenue was down 8.6% compared to the same quarter last year. On average, equities research analysts forecast that IAC will post 0.43 earnings per share 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.