IAC (NASDAQ:IAC) Shares Up 7.3% - Should You Buy?

IAC Inc. (NASDAQ:IAC - Get Free Report) shares traded up 7.3% on Thursday . The stock traded as high as $46.66 and last traded at $46.57. 531,196 shares changed hands during trading, a decline of 28% from the average session volume of 738,333 shares. The stock had previously closed at $43.39.

Analysts Set New Price Targets

Several research analysts recently issued reports on the company. Citigroup lifted their target price on IAC from $56.00 to $58.00 and gave the company a "buy" rating in a research report on Friday, January 31st. JMP Securities cut their price objective on shares of IAC from $70.00 to $64.00 and set a "market outperform" rating on the stock in a report on Thursday. KeyCorp lowered their target price on shares of IAC from $66.00 to $60.00 and set an "overweight" rating for the company in a report on Wednesday, November 20th. Barclays cut their price target on shares of IAC from $66.00 to $61.00 and set an "overweight" rating on the stock in a report on Thursday. Finally, TD Cowen decreased their price objective on shares of IAC from $82.00 to $77.00 and set a "buy" rating for the company in a research note on Wednesday, November 13th. Three analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat.com, IAC has an average rating of "Moderate Buy" and an average target price of $64.33.

IAC Price Performance

The stock has a market cap of $3.78 billion, a PE ratio of -109.26 and a beta of 1.32. The firm has a 50-day moving average of $43.08 and a 200-day moving average of $48.12. 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 Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Aster Capital Management DIFC Ltd boosted its holdings 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 acquiring an additional 457 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 position in shares of IAC by 408.9% during the third quarter. Quarry LP now owns 977 shares of the company's stock worth $53,000 after purchasing an additional 785 shares during the last quarter. MassMutual Private Wealth & Trust FSB boosted its stake in shares of IAC by 1,398.5% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 2,053 shares of the company's stock valued at $89,000 after purchasing an additional 1,916 shares during the period. Finally, Aquatic Capital Management LLC bought a new position in shares of IAC in the fourth quarter worth about $135,000. Institutional investors own 88.90% of the company's stock.

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.