2,000 Shares in IAC Inc. $IAC Acquired by North Capital Inc.

North Capital Inc. acquired a new position in shares of IAC Inc. (NASDAQ:IAC) in the 2nd quarter, Holdings Channel reports. The institutional investor acquired 2,000 shares of the company’s stock, valued at approximately $75,000.

A number of other hedge funds have also made changes to their positions in the company. Teacher Retirement System of Texas boosted its position in IAC by 0.6% in the second quarter. Teacher Retirement System of Texas now owns 50,766 shares of the company’s stock valued at $1,896,000 after buying an additional 316 shares in the last quarter. Bleakley Financial Group LLC boosted its holdings in shares of IAC by 1.0% in the 1st quarter. Bleakley Financial Group LLC now owns 33,097 shares of the company’s stock worth $1,520,000 after acquiring an additional 324 shares in the last quarter. GAMMA Investing LLC grew its position in IAC by 48.5% during the 2nd quarter. GAMMA Investing LLC now owns 1,124 shares of the company’s stock worth $42,000 after acquiring an additional 367 shares during the last quarter. US Bancorp DE increased its holdings in IAC by 21.9% during the 1st quarter. US Bancorp DE now owns 2,234 shares of the company’s stock valued at $103,000 after purchasing 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 purchasing an additional 429 shares during the last quarter. Institutional investors and hedge funds own 88.90% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on IAC. Weiss Ratings restated a “sell (d-)” rating on shares of IAC in a report on Wednesday, October 8th. UBS Group lowered their price objective on shares of IAC from $41.00 to $39.00 and set a “neutral” rating for the company in a research report on Wednesday. Oppenheimer reduced their target price on shares of IAC from $60.00 to $55.00 and set an “outperform” rating on the stock in a research report on Wednesday, August 6th. KeyCorp lowered their price target on shares of IAC from $45.00 to $41.00 and set an “overweight” rating for the company in a report on Monday. Finally, Truist Financial reduced their price objective on IAC from $57.00 to $52.00 and set a “buy” rating on the stock in a report on Wednesday. Twelve analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $46.54.

IAC Stock Performance

Shares of IAC stock opened at $33.14 on Friday. The firm has a fifty day moving average of $34.50 and a two-hundred day moving average of $36.24. The company has a debt-to-equity ratio of 0.29, a quick ratio of 2.87 and a current ratio of 2.56. The stock has a market capitalization of $2.37 billion, a price-to-earnings ratio of -12.14 and a beta of 1.25. IAC Inc. has a 52 week low of $29.56 and a 52 week high of $55.16.

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

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.