IAC Inc. (NASDAQ:IAC) Receives $64.67 Consensus Target Price from Analysts

IAC Inc. (NASDAQ:IAC - Get Free Report) has earned a consensus recommendation of "Moderate Buy" from the thirteen brokerages that are currently covering the company, Marketbeat Ratings reports. Two analysts have rated the stock with a hold recommendation and eleven have given a buy recommendation to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $64.31.

Several analysts have weighed in on the company. Oppenheimer dropped their price target on IAC from $72.00 to $70.00 and set an "outperform" rating on the stock in a research note on Thursday, February 13th. KeyCorp raised their price target on shares of IAC from $60.00 to $64.00 and gave the stock an "overweight" rating in a research report on Tuesday, February 18th. UBS Group reduced their target price on shares of IAC from $55.00 to $54.00 and set a "neutral" rating for the company in a report on Thursday, February 13th. JPMorgan Chase & Co. reaffirmed an "overweight" rating and set a $60.00 price objective on shares of IAC in a research note on Friday. Finally, Piper Sandler downgraded shares of IAC from an "overweight" rating to a "neutral" rating and lowered their price target for the stock from $68.00 to $54.00 in a report on Tuesday, December 10th.

IAC Stock Performance

IAC stock traded down $0.13 during mid-day trading on Tuesday, reaching $48.41. 1,102,456 shares of the company traded hands, compared to its average volume of 755,357. The firm's fifty day moving average is $44.10 and its two-hundred day moving average is $47.39. The company has a market capitalization of $3.75 billion, a price-to-earnings ratio of -7.41 and a beta of 1.29. IAC has a fifty-two week low of $39.61 and a fifty-two week high of $58.29. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.80 and a quick ratio of 2.75.

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Hedge Funds Weigh In On IAC

Several institutional investors and hedge funds have recently bought and sold shares of the company. Aster Capital Management DIFC Ltd lifted its holdings in IAC by 287.4% in the fourth quarter. Aster Capital Management DIFC Ltd now owns 616 shares of the company's stock valued at $27,000 after acquiring an additional 457 shares during the last quarter. Bank Julius Baer & Co. Ltd Zurich purchased a new stake in shares of IAC in the 4th quarter valued at $41,000. Quarry LP lifted 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 purchasing an additional 785 shares in the last quarter. MassMutual Private Wealth & Trust FSB increased its stake in IAC by 1,398.5% during the 4th 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 during the period. Finally, Aquatic Capital Management LLC acquired a new stake in shares of IAC in the fourth quarter valued at $135,000. 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.