Brokerages Set IAC Inc. (NASDAQ:IAC) Price Target at $64.67

IAC Inc. (NASDAQ:IAC - Get Free Report) has been given an average recommendation of "Moderate Buy" by the twelve research firms that are currently covering the firm, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold rating and ten have issued a buy rating on the company. The average 1 year target price among analysts that have covered the stock in the last year is $64.67.

A number of research firms have recently commented on IAC. KeyCorp upped their price objective on IAC from $60.00 to $64.00 and gave the stock an "overweight" rating in a report on Tuesday. Piper Sandler downgraded IAC from an "overweight" rating to a "neutral" rating and dropped their price objective for the stock from $68.00 to $54.00 in a report on Tuesday, December 10th. UBS Group dropped their price objective on IAC from $55.00 to $54.00 and set a "neutral" rating for the company in a report on Thursday, February 13th. Truist Financial lowered their price target on IAC from $80.00 to $76.00 and set a "buy" rating for the company in a report on Thursday, February 13th. Finally, Benchmark lowered their price target on IAC from $105.00 to $100.00 and set a "buy" rating for the company in a report on Thursday, February 13th.

Hedge Funds Weigh In On IAC

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Aster Capital Management DIFC Ltd boosted its position in IAC by 287.4% in the 4th quarter. Aster Capital Management DIFC Ltd now owns 616 shares of the company's stock valued at $27,000 after buying an additional 457 shares during the last quarter. Bank Julius Baer & Co. Ltd Zurich bought a new position in shares of IAC during the fourth quarter worth about $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 during the last quarter. MassMutual Private Wealth & Trust FSB lifted its position in shares of IAC by 1,398.5% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 2,053 shares of the company's stock worth $89,000 after purchasing an additional 1,916 shares during the last quarter. Finally, Aquatic Capital Management LLC bought a new position in shares of IAC during the fourth quarter worth about $135,000. 88.90% of the stock is owned by hedge funds and other institutional investors.

IAC Trading Down 1.6 %

IAC traded down $0.74 during trading on Friday, hitting $45.63. The company's stock had a trading volume of 1,083,391 shares, compared to its average volume of 921,341. The firm's 50 day moving average price is $43.09 and its 200-day moving average price is $48.08. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.80 and a quick ratio of 2.75. The stock has a market cap of $3.67 billion, a PE ratio of -7.00 and a beta of 1.32. IAC has a twelve month low of $39.61 and a twelve month high of $58.29.

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.