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

IAC Inc. (NASDAQ:IAC) has been assigned a consensus rating of “Moderate Buy” from the nine analysts that are covering the firm, MarketBeat reports. One analyst has rated the stock with a hold rating and eight have issued a buy rating on the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $77.89.

IAC has been the subject of several recent research reports. Benchmark reiterated a “buy” rating and issued a $110.00 price target on shares of IAC in a research report on Tuesday. UBS Group upgraded IAC to a “hold” rating in a research report on Monday, October 28th. Barclays cut their price objective on shares of IAC from $73.00 to $70.00 and set an “overweight” rating for the company in a research report on Thursday, August 8th. Truist Financial upped their target price on shares of IAC from $87.00 to $88.00 and gave the stock a “buy” rating in a report on Thursday, August 8th. Finally, Citigroup cut their price target on shares of IAC from $70.00 to $66.00 and set a “buy” rating for the company in a report on Thursday, August 8th.

Institutional Investors Weigh In On IAC

Several hedge funds have recently added to or reduced their stakes in IAC. Tandem Capital Management Corp ADV increased its position in shares of IAC by 0.6% during the 2nd quarter. Tandem Capital Management Corp ADV now owns 47,222 shares of the company’s stock valued at $2,192,000 after purchasing an additional 260 shares during the last quarter. Greenwich Wealth Management LLC grew its position in IAC by 3.0% during the second quarter. Greenwich Wealth Management LLC now owns 9,635 shares of the company’s stock valued at $451,000 after acquiring an additional 284 shares during the last quarter. Nisa Investment Advisors LLC raised its stake in shares of IAC by 2.7% during the third quarter. Nisa Investment Advisors LLC now owns 15,475 shares of the company’s stock worth $833,000 after acquiring an additional 405 shares in the last quarter. CWM LLC lifted its holdings in shares of IAC by 55.6% in the 2nd quarter. CWM LLC now owns 1,142 shares of the company’s stock worth $54,000 after acquiring an additional 408 shares during the last quarter. Finally, Victory Capital Management Inc. boosted its stake in shares of IAC by 1.6% in the 3rd quarter. Victory Capital Management Inc. now owns 31,686 shares of the company’s stock valued at $1,705,000 after purchasing an additional 490 shares in the last quarter. Institutional investors own 88.90% of the company’s stock.

IAC Price Performance

NASDAQ IAC opened at $48.18 on Wednesday. The company has a quick ratio of 2.68, a current ratio of 2.68 and a debt-to-equity ratio of 0.29. The company has a market cap of $3.87 billion, a PE ratio of -21.70 and a beta of 1.33. IAC has a 52 week low of $43.51 and a 52 week high of $58.29. The firm’s 50-day simple moving average is $52.28 and its two-hundred day simple moving average is $50.94.

IAC (NASDAQ:IAC) last announced its quarterly earnings results on Monday, November 11th. The company reported ($2.93) EPS for the quarter, missing analysts’ consensus estimates of ($0.20) by ($2.73). IAC had a negative net margin of 3.95% and a negative return on equity of 2.35%. The business had revenue of $938.70 million for the quarter, compared to analysts’ expectations of $922.62 million. During the same quarter in the previous year, the company posted ($0.30) earnings per share. The business’s quarterly revenue was down 15.5% compared to the same quarter last year. Research analysts predict that IAC will post -0.79 earnings per share 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.