IAC Inc. (NASDAQ:IAC) Receives $64.31 Consensus Target Price from Analysts

Shares of IAC Inc. (NASDAQ:IAC) have been given an average rating of “Moderate Buy” by the thirteen ratings firms that are covering the firm, Marketbeat reports. Two analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $64.31.

Several brokerages have recently commented on IAC. Benchmark decreased their target price on IAC from $105.00 to $100.00 and set a “buy” rating on the stock in a report on Thursday, February 13th. UBS Group reduced their price target on IAC from $55.00 to $54.00 and set a “neutral” rating on the stock in a research report on Thursday, February 13th. JMP Securities lowered their target price on shares of IAC from $70.00 to $64.00 and set a “market outperform” rating for the company in a research note on Thursday, February 13th. JPMorgan Chase & Co. reaffirmed an “overweight” rating and set a $60.00 price target on shares of IAC in a research report on Friday, March 21st. Finally, Barclays lowered their target price on IAC from $66.00 to $61.00 and set an “overweight” rating for the company in a report on Thursday, February 13th.

Institutional Trading of IAC

A number of hedge funds have recently modified their holdings of IAC. Commonwealth Equity Services LLC lifted its stake in IAC by 2.9% in the 4th quarter. Commonwealth Equity Services LLC now owns 11,532 shares of the company’s stock valued at $497,000 after purchasing an additional 320 shares during the last quarter. Versant Capital Management Inc lifted its stake in shares of IAC by 118.6% in the first quarter. Versant Capital Management Inc now owns 680 shares of the company’s stock worth $31,000 after acquiring an additional 369 shares during the period. Aster Capital Management DIFC Ltd increased its position in shares of IAC by 287.4% during the fourth quarter. Aster Capital Management DIFC Ltd now owns 616 shares of the company’s stock worth $27,000 after buying an additional 457 shares during the period. Illinois Municipal Retirement Fund raised its position in shares of IAC by 1.4% in the 4th quarter. Illinois Municipal Retirement Fund now owns 38,348 shares of the company’s stock worth $1,654,000 after acquiring an additional 531 shares in the last quarter. Finally, Parallel Advisors LLC boosted its holdings in shares of IAC by 1,422.0% during the 1st quarter. Parallel Advisors LLC now owns 624 shares of the company’s stock worth $29,000 after buying an additional 583 shares in the last quarter. Institutional investors and hedge funds own 88.90% of the company’s stock.

IAC Trading Down 1.0 %

Shares of IAC stock opened at $33.85 on Friday. The stock has a market capitalization of $2.62 billion, a P/E ratio of -5.19 and a beta of 1.24. The company has a quick ratio of 2.75, a current ratio of 2.80 and a debt-to-equity ratio of 0.31. IAC has a 12-month low of $32.05 and a 12-month high of $58.29. The company has a 50-day simple moving average of $43.29 and a 200 day simple moving average of $45.70.

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.