IAC Inc. (NASDAQ:IAC) Shares Sold by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio lowered its stake in IAC Inc. (NASDAQ:IAC) by 4.3% during the third quarter, Holdings Channel.com reports. The firm owned 28,127 shares of the company’s stock after selling 1,260 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in IAC were worth $1,514,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. International Assets Investment Management LLC acquired a new stake in shares of IAC during the 2nd quarter worth about $39,000. GAMMA Investing LLC increased its position in IAC by 98.8% during the third quarter. GAMMA Investing LLC now owns 990 shares of the company’s stock worth $53,000 after buying an additional 492 shares during the period. Quarry LP increased its position in IAC by 408.9% during the third quarter. Quarry LP now owns 977 shares of the company’s stock worth $53,000 after buying an additional 785 shares during the period. CWM LLC increased its position in IAC by 55.6% during the second quarter. CWM LLC now owns 1,142 shares of the company’s stock worth $54,000 after buying an additional 408 shares during the period. Finally, 1620 Investment Advisors Inc. acquired a new position in IAC during the second quarter worth approximately $60,000. Institutional investors and hedge funds own 88.90% of the company’s stock.

Wall Street Analysts Forecast Growth

IAC has been the topic of several research analyst reports. Macquarie reaffirmed an “outperform” rating and set a $14.00 price target on shares of IAC in a research report on Thursday, November 14th. Truist Financial cut their price target on IAC from $88.00 to $80.00 and set a “buy” rating on the stock in a research report on Wednesday, November 13th. Barclays lowered their target price on IAC from $70.00 to $66.00 and set an “overweight” rating on the stock in a research note on Wednesday, November 13th. KeyCorp lowered their target price on IAC from $66.00 to $60.00 and set an “overweight” rating on the stock in a research note on Wednesday, November 20th. Finally, Benchmark reiterated a “buy” rating and issued a $110.00 target price on shares of IAC in a research note on Tuesday, November 12th. Three analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $68.33.

IAC Stock Down 4.3 %

IAC opened at $42.21 on Thursday. The business’s fifty day moving average is $49.38 and its two-hundred day moving average is $49.92. The company has a debt-to-equity ratio of 0.30, a quick ratio of 2.75 and a current ratio of 2.75. The company has a market cap of $3.40 billion, a price-to-earnings ratio of -98.16 and a beta of 1.31. IAC Inc. has a one year low of $42.15 and a one year high of $58.29.

IAC (NASDAQ:IAC) last posted its earnings results on Tuesday, November 12th. The company reported ($2.93) EPS for the quarter, missing analysts’ consensus estimates of ($0.20) by ($2.73). IAC had a negative return on equity of 5.63% and a negative net margin of 0.34%. The firm 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 firm posted ($0.30) earnings per share. The firm’s revenue for the quarter was down 15.5% compared to the same quarter last year. Analysts anticipate that IAC Inc. will post -3.97 EPS for the current fiscal 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.