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

Shares of IAC Inc. (NASDAQ:IAC - Get Free Report) have earned a consensus rating of "Moderate Buy" from the twelve research firms that are presently covering the firm, Marketbeat reports. Two research analysts have rated the stock with a hold rating and ten have issued a buy rating on the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $68.33.

A number of analysts recently commented on IAC shares. UBS Group upgraded shares of IAC to a "hold" rating in a report on Monday, October 28th. Benchmark reiterated a "buy" rating and set a $110.00 price objective on shares of IAC in a research report on Tuesday, November 12th. JMP Securities restated a "market outperform" rating and issued a $70.00 target price on shares of IAC in a report on Monday, December 16th. Barclays cut their target price on IAC from $70.00 to $66.00 and set an "overweight" rating on the stock in a research report on Wednesday, November 13th. Finally, TD Cowen reduced their price target on shares of IAC from $82.00 to $77.00 and set a "buy" rating for the company in a research report on Wednesday, November 13th.

IAC Stock Performance

Shares of NASDAQ:IAC traded down $0.53 on Thursday, hitting $42.61. The company's stock had a trading volume of 748,711 shares, compared to its average volume of 673,319. IAC has a 12 month low of $41.08 and a 12 month high of $58.29. The stock's 50-day moving average is $47.15 and its two-hundred day moving average is $49.42. The company has a debt-to-equity ratio of 0.30, a quick ratio of 2.75 and a current ratio of 2.75. The company has a market capitalization of $3.43 billion, a price-to-earnings ratio of -99.09 and a beta of 1.31.

IAC (NASDAQ:IAC - Get Free Report) last released its earnings results on Tuesday, November 12th. The company reported ($2.93) EPS for the quarter, missing the consensus estimate of ($0.20) by ($2.73). The company had revenue of $938.70 million for the quarter, compared to analyst estimates of $922.62 million. IAC had a negative net margin of 0.34% and a negative return on equity of 5.63%. The firm's quarterly revenue was down 15.5% on a year-over-year basis. During the same period in the previous year, the business posted ($0.30) EPS. On average, equities research analysts forecast that IAC will post -3.97 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Greenwich Wealth Management LLC grew its position in IAC by 3.0% in the second quarter. Greenwich Wealth Management LLC now owns 9,635 shares of the company's stock valued at $451,000 after purchasing an additional 284 shares in the last quarter. Nisa Investment Advisors LLC increased its position in shares of IAC by 2.7% in the third quarter. Nisa Investment Advisors LLC now owns 15,475 shares of the company's stock valued at $833,000 after acquiring an additional 405 shares during the last quarter. Victory Capital Management Inc. raised its holdings in IAC by 1.6% during the third quarter. Victory Capital Management Inc. now owns 31,686 shares of the company's stock worth $1,705,000 after acquiring an additional 490 shares in the last quarter. GAMMA Investing LLC boosted its position in IAC by 98.8% during the third quarter. GAMMA Investing LLC now owns 990 shares of the company's stock valued at $53,000 after purchasing an additional 492 shares during the last quarter. Finally, The Manufacturers Life Insurance Company grew its stake in IAC by 3.1% in the second quarter. The Manufacturers Life Insurance Company now owns 18,561 shares of the company's stock valued at $870,000 after purchasing an additional 553 shares in the last quarter. Institutional investors and hedge funds own 88.90% of the company's stock.

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.