Barclays Lowers IAC (NASDAQ:IAC) Price Target to $61.00

IAC (NASDAQ:IAC - Free Report) had its price objective lowered by Barclays from $66.00 to $61.00 in a report published on Thursday,Benzinga reports. The brokerage currently has an overweight rating on the stock.

Several other research analysts have also weighed in on IAC. Macquarie reaffirmed an "outperform" rating and issued a $14.00 target price on shares of IAC in a research report on Thursday, November 14th. KeyCorp dropped 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. Truist Financial cut their price objective on shares of IAC from $88.00 to $80.00 and set a "buy" rating on the stock in a research report on Wednesday, November 13th. Piper Sandler downgraded shares of IAC from an "overweight" rating to a "neutral" rating and decreased their target price for the stock from $68.00 to $54.00 in a research report on Tuesday, December 10th. Finally, JMP Securities restated a "market outperform" rating and set a $70.00 price target on shares of IAC in a report on Monday, December 16th. Three investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat.com, IAC has an average rating of "Moderate Buy" and an average price target of $64.33.

IAC Stock Down 2.1 %

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

Institutional Investors Weigh In On IAC

A number of hedge funds have recently bought and sold shares of IAC. Aster Capital Management DIFC Ltd raised its stake in IAC by 287.4% during the 4th quarter. Aster Capital Management DIFC Ltd now owns 616 shares of the company's stock valued at $27,000 after purchasing an additional 457 shares during the last quarter. Bank Julius Baer & Co. Ltd Zurich bought a new position in shares of IAC during the 4th quarter worth about $41,000. GAMMA Investing LLC raised its position in shares of 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 buying an additional 492 shares during the last quarter. Quarry LP raised its position in shares of IAC by 408.9% during the third quarter. Quarry LP now owns 977 shares of the company's stock valued at $53,000 after buying an additional 785 shares during the last quarter. Finally, MassMutual Private Wealth & Trust FSB lifted its stake in shares of IAC by 1,398.5% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 2,053 shares of the company's stock valued at $89,000 after buying an additional 1,916 shares during the period. 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.