JMP Securities Has Lowered Expectations for IAC (NASDAQ:IAC) Stock Price

IAC (NASDAQ:IAC - Get Free Report) had its target price decreased by JMP Securities from $70.00 to $64.00 in a research note issued to investors on Thursday,Benzinga reports. The brokerage currently has a "market outperform" rating on the stock. JMP Securities' price objective points to a potential upside of 36.21% from the company's previous close.

IAC has been the topic of a number of other reports. KeyCorp decreased their price objective on IAC from $66.00 to $60.00 and set an "overweight" rating on the stock in a report on Wednesday, November 20th. Macquarie reissued an "outperform" rating and set a $14.00 price objective on shares of IAC in a report on Thursday, November 14th. Benchmark reissued a "buy" rating and set a $110.00 price objective on shares of IAC in a report on Tuesday, November 12th. Citigroup raised their price objective on IAC from $56.00 to $58.00 and gave the company a "buy" rating in a report on Friday, January 31st. Finally, TD Cowen decreased their price objective on IAC from $82.00 to $77.00 and set a "buy" rating on the stock in a report on Wednesday, November 13th. Three research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat, IAC has a consensus rating of "Moderate Buy" and a consensus price target of $64.33.

IAC Price Performance

Shares of NASDAQ:IAC traded down $0.99 on Thursday, hitting $46.99. The company's stock had a trading volume of 2,032,766 shares, compared to its average volume of 620,041. The company has a 50-day simple moving average of $43.08 and a 200 day simple moving average of $48.12. IAC has a 1 year low of $39.61 and a 1 year high of $58.29. The company has a market capitalization of $3.78 billion, a PE ratio of -109.26 and a beta of 1.32. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.75 and a quick ratio of 2.75.

Institutional Investors Weigh In On IAC

Large investors have recently made changes to their positions in the business. Aster Capital Management DIFC Ltd grew its position in shares of IAC by 287.4% in the 4th 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. Bank Julius Baer & Co. Ltd Zurich bought a new stake in shares of IAC in the 4th quarter worth approximately $41,000. GAMMA Investing LLC grew its position in shares of IAC by 98.8% in the 3rd quarter. GAMMA Investing LLC now owns 990 shares of the company's stock worth $53,000 after buying an additional 492 shares during the last quarter. Quarry LP grew its position in shares of IAC by 408.9% in the 3rd quarter. Quarry LP now owns 977 shares of the company's stock worth $53,000 after buying an additional 785 shares during the last quarter. Finally, MassMutual Private Wealth & Trust FSB grew its position in shares of IAC by 1,398.5% in 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 last quarter. 88.90% of the stock is currently owned by institutional investors.

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.