IAC’s (IAC) “Overweight” Rating Reiterated at JPMorgan Chase & Co.

JPMorgan Chase & Co. reaffirmed their overweight rating on shares of IAC (NASDAQ:IAC) in a research report report published on Friday, MarketBeat Ratings reports. JPMorgan Chase & Co. currently has a $60.00 price target on the stock.

IAC has been the subject of several other research reports. Truist Financial lowered their target price on shares of IAC from $80.00 to $76.00 and set a “buy” rating for the company in a research note on Thursday, February 13th. KeyCorp increased their price target on shares of IAC from $60.00 to $64.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 18th. Piper Sandler cut shares of IAC from an “overweight” rating to a “neutral” rating and reduced their price target for the stock from $68.00 to $54.00 in a research report on Tuesday, December 10th. JMP Securities reduced their price target on shares of IAC from $70.00 to $64.00 and set a “market outperform” rating on the stock in a research report on Thursday, February 13th. Finally, Benchmark reduced their price target on shares of IAC from $105.00 to $100.00 and set a “buy” rating on the stock in a research report on Thursday, February 13th. Three investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $64.31.

IAC Trading Down 0.3 %

Shares of IAC stock opened at $48.39 on Friday. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.80 and a quick ratio of 2.75. The firm has a market cap of $3.75 billion, a PE ratio of -7.42 and a beta of 1.29. The company has a 50-day moving average of $44.25 and a two-hundred day moving average of $47.30. IAC has a 1-year low of $39.61 and a 1-year high of $58.29.

Institutional Trading of IAC

Several hedge funds have recently added to or reduced their stakes in the company. Sanctuary Advisors LLC raised its holdings in IAC by 581.3% during the third quarter. Sanctuary Advisors LLC now owns 98,307 shares of the company’s stock worth $5,291,000 after purchasing an additional 83,878 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in IAC by 5.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 948,112 shares of the company’s stock worth $51,027,000 after purchasing an additional 52,271 shares in the last quarter. Applied Fundamental Research LLC raised its holdings in IAC by 12.1% during the fourth quarter. Applied Fundamental Research LLC now owns 416,194 shares of the company’s stock worth $17,955,000 after purchasing an additional 44,835 shares in the last quarter. Teachers Retirement System of The State of Kentucky raised its holdings in IAC by 15.2% during the third quarter. Teachers Retirement System of The State of Kentucky now owns 334,267 shares of the company’s stock worth $17,990,000 after purchasing an additional 44,000 shares in the last quarter. Finally, Barclays PLC raised its holdings in IAC by 922.5% during the third quarter. Barclays PLC now owns 60,737 shares of the company’s stock worth $3,268,000 after purchasing an additional 54,797 shares in the last quarter. Institutional investors and hedge funds 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.