IAC (NASDAQ:IAC) Shares Up 5.3% - Should You Buy?

IAC Inc. (NASDAQ:IAC - Get Free Report) shares rose 5.3% during trading on Monday . The company traded as high as $47.15 and last traded at $46.94. Approximately 88,377 shares were traded during trading, a decline of 88% from the average daily volume of 740,975 shares. The stock had previously closed at $44.56.

Analysts Set New Price Targets

Several equities analysts recently issued reports on IAC shares. KeyCorp boosted their price target on shares of IAC from $60.00 to $64.00 and gave the company an "overweight" rating in a research report on Tuesday, February 18th. UBS Group lowered their target price on IAC from $55.00 to $54.00 and set a "neutral" rating for the company in a research note on Thursday, February 13th. Oppenheimer reduced their price target on IAC from $72.00 to $70.00 and set an "outperform" rating on the stock in a research note on Thursday, February 13th. JMP Securities decreased their price target on shares of IAC from $70.00 to $64.00 and set a "market outperform" rating for the company in a research note on Thursday, February 13th. Finally, Citigroup raised their price objective on IAC from $56.00 to $58.00 and gave the company a "buy" rating in a research report on Friday, January 31st. Three investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat.com, IAC presently has a consensus rating of "Moderate Buy" and a consensus price target of $64.31.

IAC Stock Down 0.3 %

The stock has a market capitalization of $3.75 billion, a PE ratio of -7.42 and a beta of 1.29. The firm's fifty day moving average is $44.10 and its 200-day moving average is $47.39. The company has a quick ratio of 2.75, a current ratio of 2.80 and a debt-to-equity ratio of 0.31.

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Institutional Investors Weigh In On IAC

Institutional investors and hedge funds have recently made changes to their positions in the business. Sanctuary Advisors LLC raised its position in IAC by 581.3% during the third quarter. Sanctuary Advisors LLC now owns 98,307 shares of the company's stock worth $5,291,000 after acquiring an additional 83,878 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of IAC by 5.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 948,112 shares of the company's stock worth $51,027,000 after purchasing an additional 52,271 shares in the last quarter. Applied Fundamental Research LLC raised its position in shares of IAC by 12.1% during the 4th quarter. Applied Fundamental Research LLC now owns 416,194 shares of the company's stock worth $17,955,000 after purchasing an additional 44,835 shares during the last quarter. Teachers Retirement System of The State of Kentucky raised its holdings in shares of IAC by 15.2% in the third quarter. Teachers Retirement System of The State of Kentucky now owns 334,267 shares of the company's stock worth $17,990,000 after acquiring an additional 44,000 shares during the last quarter. Finally, Barclays PLC boosted its position in IAC by 922.5% during the third quarter. Barclays PLC now owns 60,737 shares of the company's stock worth $3,268,000 after acquiring an additional 54,797 shares during the last quarter. 88.90% of the stock is currently owned by hedge funds and other institutional investors.

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.