IAC (NASDAQ:IAC) Given New $100.00 Price Target at Benchmark

IAC (NASDAQ:IAC - Free Report) had its price objective cut by Benchmark from $105.00 to $100.00 in a research note issued to investors on Thursday morning,Benzinga reports. They currently have a buy rating on the stock.

Several other brokerages also recently issued reports on IAC. Macquarie reaffirmed an "outperform" rating and issued a $14.00 price objective on shares of IAC in a research report on Thursday, November 14th. Piper Sandler lowered IAC from an "overweight" rating to a "neutral" rating and decreased their target price for the stock from $68.00 to $54.00 in a research report on Tuesday, December 10th. KeyCorp cut their target price on shares of IAC from $66.00 to $60.00 and set an "overweight" rating on the stock in a report on Wednesday, November 20th. Oppenheimer dropped their price objective on shares of IAC from $72.00 to $70.00 and set an "outperform" rating on the stock in a report on Thursday. Finally, UBS Group cut their target price on IAC from $55.00 to $54.00 and set a "neutral" rating on the stock in a research note on Thursday. Three analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $64.33.

IAC Trading Down 2.1 %

IAC traded down $0.99 during trading on Thursday, hitting $46.99. 2,032,766 shares of the company's stock were exchanged, compared to its average volume of 620,041. IAC has a 1 year low of $39.61 and a 1 year high of $58.29. The stock has a 50 day moving average price of $43.08 and a 200 day moving average price of $48.12. The firm has a market cap of $3.78 billion, a P/E ratio of -109.26 and a beta of 1.32. The company has a current ratio of 2.75, a quick ratio of 2.75 and a debt-to-equity ratio of 0.30.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. SG Americas Securities LLC grew its holdings in shares of IAC by 20.4% during the 3rd quarter. SG Americas Securities LLC now owns 8,022 shares of the company's stock valued at $432,000 after acquiring an additional 1,358 shares in the last quarter. GAMMA Investing LLC boosted its holdings in shares of IAC by 98.8% during the 3rd 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. Creative Planning grew its stake in IAC by 55.7% in the 3rd quarter. Creative Planning now owns 14,380 shares of the company's stock valued at $774,000 after buying an additional 5,145 shares during the last quarter. Raymond James & Associates grew its position in shares of IAC by 7.7% in the third quarter. Raymond James & Associates now owns 48,353 shares of the company's stock valued at $2,602,000 after purchasing an additional 3,471 shares during the last quarter. Finally, Everence Capital Management Inc. bought a new position in shares of IAC in the third quarter worth about $560,000. Institutional investors and hedge funds own 88.90% of the company's stock.

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.