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

IAC Inc. (NASDAQ:IAC) has received a consensus recommendation of “Moderate Buy” from the twelve research firms that are presently covering the company, MarketBeat reports. Two investment analysts have rated the stock with a hold rating and ten have issued a buy rating on the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $69.00.

A number of research analysts have recently issued reports on IAC shares. Macquarie reiterated an “outperform” rating and issued a $14.00 target price on shares of IAC in a research note on Thursday, November 14th. Benchmark reiterated a “buy” rating and issued a $110.00 target price on shares of IAC in a research note on Tuesday, November 12th. Piper Sandler lowered shares of IAC from an “overweight” rating to a “neutral” rating and lowered their price target for the company from $68.00 to $54.00 in a report on Tuesday. Truist Financial lowered their price target on shares of IAC from $88.00 to $80.00 and set a “buy” rating for the company in a report on Wednesday, November 13th. Finally, Barclays lowered their price target on shares of IAC from $70.00 to $66.00 and set an “overweight” rating for the company in a report on Wednesday, November 13th.

Institutional Trading of IAC

Several hedge funds have recently modified their holdings of IAC. Comerica Bank lifted its stake in IAC by 52.7% during the 1st quarter. Comerica Bank now owns 10,929 shares of the company’s stock valued at $583,000 after acquiring an additional 3,772 shares in the last quarter. CWM LLC lifted its stake in IAC by 55.6% during the 2nd quarter. CWM LLC now owns 1,142 shares of the company’s stock valued at $54,000 after acquiring an additional 408 shares in the last quarter. QRG Capital Management Inc. lifted its stake in IAC by 8.2% during the 2nd quarter. QRG Capital Management Inc. now owns 27,239 shares of the company’s stock valued at $1,276,000 after acquiring an additional 2,073 shares in the last quarter. SG Americas Securities LLC bought a new position in IAC during the 2nd quarter valued at $312,000. Finally, Alhambra Investment Management LLC lifted its stake in IAC by 5.8% during the 2nd quarter. Alhambra Investment Management LLC now owns 11,357 shares of the company’s stock valued at $532,000 after acquiring an additional 618 shares in the last quarter. Institutional investors own 88.90% of the company’s stock.

IAC Trading Down 0.0 %

Shares of IAC opened at $46.24 on Friday. IAC has a 12-month low of $43.51 and a 12-month high of $58.29. The company has a quick ratio of 2.75, a current ratio of 2.75 and a debt-to-equity ratio of 0.30. The firm has a market capitalization of $3.72 billion, a price-to-earnings ratio of -107.53 and a beta of 1.31. The stock’s 50-day moving average price is $50.12 and its 200 day moving average price is $50.09.

IAC (NASDAQ:IAC) last issued its quarterly earnings results on Tuesday, November 12th. The company reported ($2.93) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.20) by ($2.73). The firm had revenue of $938.70 million for the quarter, compared to the consensus estimate of $922.62 million. IAC had a negative net margin of 0.34% and a negative return on equity of 5.63%. The company’s revenue was down 15.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.30) earnings per share. As a group, research analysts predict that IAC will post -3.97 earnings per share for the current 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.