IAC Inc. (NASDAQ:IAC) Receives $79.92 Consensus PT from Analysts

Shares of IAC Inc. (NASDAQ:IAC) have received a consensus rating of “Moderate Buy” from the eleven research firms that are covering the firm, MarketBeat.com reports. One analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company. The average 12-month price target among brokerages that have covered the stock in the last year is $79.92.

A number of equities research analysts have recently weighed in on the stock. KeyCorp raised their price objective on shares of IAC from $64.00 to $67.00 and gave the company an “overweight” rating in a report on Monday, May 13th. Wells Fargo & Company raised their price objective on shares of IAC from $82.00 to $84.00 and gave the company an “overweight” rating in a report on Tuesday, May 14th. Citigroup reduced their price objective on shares of IAC from $72.00 to $70.00 and set a “buy” rating on the stock in a report on Thursday, May 9th. StockNews.com lowered shares of IAC from a “buy” rating to a “hold” rating in a report on Saturday, May 18th. Finally, Oppenheimer raised their price objective on shares of IAC from $65.00 to $75.00 and gave the company an “outperform” rating in a report on Thursday, May 9th.

IAC Stock Performance

Shares of IAC stock opened at $47.19 on Friday. The company has a quick ratio of 2.70, a current ratio of 2.70 and a debt-to-equity ratio of 0.29. IAC has a 52 week low of $41.39 and a 52 week high of $69.85. The stock has a market capitalization of $3.79 billion, a PE ratio of -29.87 and a beta of 1.34. The firm has a 50 day moving average of $50.43 and a two-hundred day moving average of $51.61.

IAC (NASDAQ:IAC) last issued its quarterly earnings results on Tuesday, May 7th. The company reported ($0.93) EPS for the quarter, beating the consensus estimate of ($1.14) by $0.21. IAC had a negative net margin of 2.54% and a negative return on equity of 3.31%. The company had revenue of $929.68 million during the quarter, compared to analysts’ expectations of $937.68 million. On average, research analysts predict that IAC will post 0.09 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Riverview Trust Co acquired a new position in IAC in the first quarter valued at $27,000. Geneos Wealth Management Inc. acquired a new position in IAC in the first quarter valued at $80,000. Covestor Ltd increased its stake in IAC by 15.4% in the third quarter. Covestor Ltd now owns 2,144 shares of the company’s stock valued at $108,000 after purchasing an additional 286 shares during the period. Headlands Technologies LLC increased its stake in IAC by 106.2% in the first quarter. Headlands Technologies LLC now owns 3,501 shares of the company’s stock valued at $187,000 after purchasing an additional 1,803 shares during the period. Finally, NJ State Employees Deferred Compensation Plan acquired a new position in IAC in the fourth quarter valued at $203,000. 88.90% of the stock is currently owned by institutional investors and hedge funds.

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.