Bryce Point Capital LLC Invests $595,000 in IAC Inc. (NASDAQ:IAC)

Bryce Point Capital LLC bought a new stake in IAC Inc. (NASDAQ:IAC - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 13,802 shares of the company's stock, valued at approximately $595,000.

Several other large investors also recently modified their holdings of IAC. Bank Julius Baer & Co. Ltd Zurich acquired a new position in IAC in the 4th quarter worth $41,000. Quarry LP boosted its position in shares of 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. MassMutual Private Wealth & Trust FSB grew its holdings in shares of IAC by 1,398.5% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 2,053 shares of the company's stock worth $89,000 after buying an additional 1,916 shares in the last quarter. KBC Group NV raised its position in IAC by 22.8% in the 4th quarter. KBC Group NV now owns 3,278 shares of the company's stock valued at $141,000 after buying an additional 608 shares during the last quarter. Finally, Allworth Financial LP lifted its stake in IAC by 1,193.4% in the 4th quarter. Allworth Financial LP now owns 3,337 shares of the company's stock valued at $139,000 after acquiring an additional 3,079 shares in the last quarter. 88.90% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on IAC. Citigroup lifted their price objective on shares of IAC from $56.00 to $58.00 and gave the company a "buy" rating in a report on Friday, January 31st. KeyCorp lifted their price target on shares of IAC from $60.00 to $64.00 and gave the company an "overweight" rating in a research note on Tuesday, February 18th. Truist Financial reduced their price objective 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. Benchmark lowered their target price on IAC from $105.00 to $100.00 and set a "buy" rating on the stock in a research report on Thursday, February 13th. Finally, Piper Sandler cut IAC from an "overweight" rating to a "neutral" rating and reduced their price target for the company from $68.00 to $54.00 in a research report on Tuesday, December 10th. Three analysts have rated the stock with a hold rating and eleven have given a buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $64.31.

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IAC Stock Performance

IAC stock traded down $0.59 during mid-day trading on Tuesday, hitting $33.94. 324,617 shares of the company's stock traded hands, compared to its average volume of 804,804. 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 50 day simple moving average of $44.46 and a two-hundred day simple moving average of $46.63. IAC Inc. has a fifty-two week low of $33.13 and a fifty-two week high of $58.29. The stock has a market cap of $2.63 billion, a price-to-earnings ratio of -5.21 and a beta of 1.24.

IAC 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.