IAC Inc. (NASDAQ:IAC) Receives Consensus Recommendation of "Moderate Buy" from Brokerages

IAC Inc. (NASDAQ:IAC - Get Free Report) has been given a consensus recommendation of "Moderate Buy" by the eleven brokerages that are covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $70.36.

A number of analysts recently issued reports on the company. Barclays lowered their price target on IAC from $70.00 to $66.00 and set an "overweight" rating for the company in a research report on Wednesday, November 13th. Macquarie reissued an "outperform" rating and issued a $14.00 target price on shares of IAC in a research note on Thursday, November 14th. Benchmark reaffirmed a "buy" rating and set a $110.00 price target on shares of IAC in a research note on Tuesday, November 12th. KeyCorp reduced their price objective on shares of IAC from $66.00 to $60.00 and set an "overweight" rating on the stock in a research report on Wednesday, November 20th. Finally, UBS Group raised shares of IAC to a "hold" rating in a research note on Monday, October 28th.

Institutional Investors Weigh In On IAC

Several hedge funds have recently made changes to their positions in the company. International Assets Investment Management LLC purchased a new stake in shares of IAC in the 2nd quarter worth approximately $39,000. Quarry LP lifted its holdings in 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. GAMMA Investing LLC boosted its position in IAC by 98.8% during the 3rd quarter. GAMMA Investing LLC now owns 990 shares of the company's stock valued at $53,000 after acquiring an additional 492 shares in the last quarter. CWM LLC increased its holdings in shares of IAC by 55.6% in the 2nd quarter. CWM LLC now owns 1,142 shares of the company's stock valued at $54,000 after acquiring an additional 408 shares during the period. Finally, 1620 Investment Advisors Inc. bought a new position in shares of IAC in the 2nd quarter worth $60,000. 88.90% of the stock is currently owned by hedge funds and other institutional investors.

IAC Price Performance

Shares of NASDAQ IAC traded up $0.58 during mid-day trading on Friday, hitting $48.13. 427,435 shares of the company's stock traded hands, compared to its average volume of 690,533. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.75 and a quick ratio of 2.75. IAC has a 1 year low of $43.51 and a 1 year high of $58.29. The company's 50-day moving average is $50.43 and its two-hundred day moving average is $50.15. The company has a market capitalization of $3.87 billion, a P/E ratio of -111.93 and a beta of 1.31.

IAC (NASDAQ:IAC - Get Free Report) last issued its quarterly earnings data on Tuesday, November 12th. The company reported ($2.93) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.20) by ($2.73). The company 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 last year, the company earned ($0.30) earnings per share. On average, equities analysts anticipate that IAC will post -3.97 EPS 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.