Brokerages Set IAC Inc. (NASDAQ:IAC) PT at $64.31

IAC Inc. (NASDAQ:IAC - Get Free Report) has received an average rating of "Moderate Buy" from the thirteen brokerages that are covering the firm, Marketbeat Ratings reports. Two analysts have rated the stock with a hold recommendation and eleven have issued a buy recommendation on the company. The average twelve-month target price among analysts that have covered the stock in the last year is $64.31.

IAC has been the topic of a number of research analyst reports. Citigroup increased their target price on IAC from $56.00 to $58.00 and gave the stock a "buy" rating in a report on Friday, January 31st. JPMorgan Chase & Co. reiterated an "overweight" rating and set a $60.00 target price on shares of IAC in a research note on Friday, March 21st. Oppenheimer reduced their price target on shares of IAC from $72.00 to $70.00 and set an "outperform" rating on the stock in a research report on Thursday, February 13th. KeyCorp increased their price objective on shares of IAC from $60.00 to $64.00 and gave the stock an "overweight" rating in a research note on Tuesday, February 18th. Finally, Benchmark reduced their price target on shares of IAC from $105.00 to $100.00 and set a "buy" rating for the company in a report on Thursday, February 13th.

IAC Stock Down 0.2 %

Shares of IAC traded down $0.08 during midday trading on Friday, reaching $33.77. 1,027,222 shares of the company were exchanged, compared to its average volume of 825,515. The company has a current ratio of 2.80, a quick ratio of 2.75 and a debt-to-equity ratio of 0.31. IAC has a 1-year low of $32.05 and a 1-year high of $58.29. The company has a market cap of $2.62 billion, a price-to-earnings ratio of -5.18 and a beta of 1.24. The stock has a 50-day moving average price of $43.29 and a 200-day moving average price of $45.70.

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Institutional Investors Weigh In On IAC

A number of institutional investors and hedge funds have recently modified their holdings of IAC. Captrust Financial Advisors acquired a new position in shares of IAC in the 3rd quarter valued at about $282,000. Quantinno Capital Management LP lifted its holdings in shares of IAC by 28.9% during the third quarter. Quantinno Capital Management LP now owns 20,397 shares of the company's stock worth $1,098,000 after buying an additional 4,568 shares during the last quarter. State Street Corp increased its holdings in shares of IAC by 1.2% during the 3rd quarter. State Street Corp now owns 2,360,210 shares of the company's stock worth $127,027,000 after purchasing an additional 28,577 shares during the period. MML Investors Services LLC lifted its position in shares of IAC by 20.5% in the 3rd quarter. MML Investors Services LLC now owns 5,725 shares of the company's stock worth $308,000 after acquiring an additional 973 shares during the period. Finally, Barclays PLC raised its stake in shares of IAC by 922.5% in the third quarter. Barclays PLC now owns 60,737 shares of the company's stock valued at $3,268,000 after purchasing an additional 54,797 shares in the last quarter. 88.90% of the stock is owned by institutional investors and hedge funds.

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.