IAC (NASDAQ:IAC) Reaches New 12-Month Low - Time to Sell?

IAC Inc. (NASDAQ:IAC - Get Free Report) reached a new 52-week low on Tuesday . The stock traded as low as $37.76 and last traded at $39.11, with a volume of 110562 shares trading hands. The stock had previously closed at $45.94.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on IAC shares. UBS Group lowered their price target on IAC from $55.00 to $54.00 and set a "neutral" rating on the stock in a research note on Thursday, February 13th. Oppenheimer cut their target price on IAC from $72.00 to $70.00 and set an "outperform" rating for the company in a research note on Thursday, February 13th. Piper Sandler cut IAC from an "overweight" rating to a "neutral" rating and reduced their target price for the stock from $68.00 to $54.00 in a research report on Tuesday, December 10th. Truist Financial lowered their price target on shares of IAC from $80.00 to $76.00 and set a "buy" rating on the stock in a report on Thursday, February 13th. Finally, Barclays decreased their target price on shares of IAC from $66.00 to $61.00 and set an "overweight" rating on the stock in a research report on Thursday, February 13th. Three analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $64.31.

IAC Stock Performance

The stock has a 50 day moving average price of $44.64 and a two-hundred day moving average price of $46.87. 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 company has a market capitalization of $2.75 billion, a price-to-earnings ratio of -5.44 and a beta of 1.24.

Hedge Funds Weigh In On IAC

A number of large investors have recently modified their holdings of the stock. Aster Capital Management DIFC Ltd increased its holdings in shares of IAC by 287.4% in the fourth 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 in the last quarter. Versant Capital Management Inc increased its stake in shares of IAC by 118.6% in the 1st quarter. Versant Capital Management Inc now owns 680 shares of the company's stock valued at $31,000 after buying an additional 369 shares during the period. Bank Julius Baer & Co. Ltd Zurich bought a new stake in shares of IAC during the fourth quarter worth $41,000. Quarry LP lifted its stake 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 acquiring an additional 785 shares during the period. Finally, MassMutual Private Wealth & Trust FSB boosted its holdings in 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 acquiring an additional 1,916 shares during the last quarter. 88.90% of the stock is currently owned by institutional investors and hedge funds.

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.