IAC's (IAC) "Overweight" Rating Reiterated at JPMorgan Chase & Co.

IAC (NASDAQ:IAC - Get Free Report)'s stock had its "overweight" rating reissued by equities research analysts at JPMorgan Chase & Co. in a research report issued on Friday, Marketbeat Ratings reports. They presently have a $60.00 price objective on the stock. JPMorgan Chase & Co.'s target price suggests a potential upside of 21.41% from the stock's current price.

Several other research analysts have also recently commented on IAC. JMP Securities reduced their target price on IAC from $70.00 to $64.00 and set a "market outperform" rating for the company in a research report on Thursday, February 13th. Oppenheimer reduced their price objective on shares of IAC from $72.00 to $70.00 and set an "outperform" rating for the company in a report on Thursday, February 13th. UBS Group lowered their target price on shares of IAC from $55.00 to $54.00 and set a "neutral" rating on the stock in a research note on Thursday, February 13th. Truist Financial cut their price target on shares of IAC from $80.00 to $76.00 and set a "buy" rating for the company in a research note on Thursday, February 13th. Finally, KeyCorp upped their price objective on IAC from $60.00 to $64.00 and gave the company an "overweight" rating in a research note on Tuesday, February 18th. Three analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat.com, IAC presently has a consensus rating of "Moderate Buy" and a consensus price target of $64.31.

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IAC Stock Performance

NASDAQ IAC traded down $0.58 during midday trading on Friday, hitting $49.42. The company had a trading volume of 854,310 shares, compared to its average volume of 764,070. The firm has a fifty day simple moving average of $44.57 and a two-hundred day simple moving average of $47.28. IAC has a fifty-two week low of $39.61 and a fifty-two week high of $58.29. The company has a quick ratio of 2.75, a current ratio of 2.80 and a debt-to-equity ratio of 0.31. The stock has a market cap of $3.83 billion, a price-to-earnings ratio of -7.58 and a beta of 1.29.

Institutional Trading of IAC

Institutional investors have recently bought and sold shares of the business. Commonwealth Equity Services LLC boosted its position in shares of IAC by 2.9% in the 4th quarter. Commonwealth Equity Services LLC now owns 11,532 shares of the company's stock worth $497,000 after purchasing an additional 320 shares during the last quarter. Aster Capital Management DIFC Ltd boosted its holdings in IAC by 287.4% during the fourth quarter. Aster Capital Management DIFC Ltd now owns 616 shares of the company's stock worth $27,000 after buying an additional 457 shares during the last quarter. Victory Capital Management Inc. boosted 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 buying an additional 490 shares during the last quarter. Illinois Municipal Retirement Fund grew its position in shares of IAC by 1.4% during the 4th quarter. Illinois Municipal Retirement Fund now owns 38,348 shares of the company's stock worth $1,654,000 after buying an additional 531 shares during the period. Finally, KBC Group NV increased its stake in shares of IAC by 22.8% in the 4th quarter. KBC Group NV now owns 3,278 shares of the company's stock valued at $141,000 after acquiring an additional 608 shares during the last quarter. Institutional investors and hedge funds own 88.90% of the company's stock.

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.