IAC Inc. (NASDAQ:IAC) Given Average Rating of "Moderate Buy" by Brokerages

Shares of IAC Inc. (NASDAQ:IAC - Get Free Report) have been assigned a consensus recommendation of "Moderate Buy" from the ten analysts that are currently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a hold recommendation and nine have assigned a buy recommendation to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $76.60.

A number of research analysts recently commented on IAC shares. Barclays reduced their price target on IAC from $70.00 to $66.00 and set an "overweight" rating for the company in a report on Wednesday. Citigroup decreased their price target on shares of IAC from $70.00 to $66.00 and set a "buy" rating for the company in a research report on Thursday, August 8th. UBS Group raised shares of IAC to a "hold" rating in a report on Monday, October 28th. TD Cowen decreased their price objective on shares of IAC from $82.00 to $77.00 and set a "buy" rating for the company in a report on Wednesday. Finally, Benchmark restated a "buy" rating and issued a $110.00 target price on shares of IAC in a research note on Tuesday.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Thompson Siegel & Walmsley LLC boosted its holdings in shares of IAC by 5.1% in the second quarter. Thompson Siegel & Walmsley LLC now owns 1,633,452 shares of the company's stock valued at $76,527,000 after acquiring an additional 79,951 shares in the last quarter. Whitebox Advisors LLC boosted its stake in IAC by 9.5% during the first quarter. Whitebox Advisors LLC now owns 1,402,554 shares of the company's stock valued at $74,812,000 after buying an additional 121,664 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of IAC by 5.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 948,112 shares of the company's stock worth $51,027,000 after purchasing an additional 52,271 shares during the last quarter. Bank of New York Mellon Corp grew its position in IAC by 113.4% in the second quarter. Bank of New York Mellon Corp now owns 531,296 shares of the company's stock worth $24,891,000 after buying an additional 282,304 shares during the last quarter. Finally, WCM Investment Management LLC increased its holdings in shares of IAC by 25.0% in the third quarter. WCM Investment Management LLC now owns 379,556 shares of the company's stock valued at $20,762,000 after buying an additional 75,918 shares in the last quarter. Institutional investors own 88.90% of the company's stock.

IAC Stock Down 2.4 %

NASDAQ:IAC traded down $1.18 during mid-day trading on Wednesday, hitting $47.00. The company had a trading volume of 502,650 shares, compared to its average volume of 662,531. IAC has a 1 year low of $43.51 and a 1 year high of $58.29. The business has a fifty day simple moving average of $52.22 and a 200-day simple moving average of $50.93. The company has a current ratio of 2.75, a quick ratio of 2.68 and a debt-to-equity ratio of 0.30. The firm has a market capitalization of $3.78 billion, a price-to-earnings ratio of -110.86 and a beta of 1.33.

IAC (NASDAQ:IAC - Get Free Report) last posted its quarterly earnings data on Monday, November 11th. The company reported ($2.93) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.20) by ($2.73). The firm had revenue of $938.70 million for the quarter, compared to analysts' expectations 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 for the quarter was down 15.5% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.30) EPS. Equities analysts forecast that IAC will post -0.79 earnings per share for the current fiscal 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.