IAC (NASDAQ:IAC) Price Target Raised to $64.00

IAC (NASDAQ:IAC - Free Report) had its target price lifted by KeyCorp from $60.00 to $64.00 in a report published on Tuesday morning,Benzinga reports. KeyCorp currently has an overweight rating on the stock.

Several other equities research analysts have also issued reports on IAC. TD Cowen dropped their price target on IAC from $82.00 to $77.00 and set a "buy" rating for the company in a research note on Wednesday, November 13th. Piper Sandler downgraded IAC from an "overweight" rating to a "neutral" rating and dropped their target price for the stock from $68.00 to $54.00 in a research report on Tuesday, December 10th. UBS Group reduced their price target on shares of IAC from $55.00 to $54.00 and set a "neutral" rating on the stock in a research report on Thursday, February 13th. JMP Securities cut their price objective 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, Benchmark decreased their target price on shares of IAC from $105.00 to $100.00 and set a "buy" rating on the stock in a research report on Thursday, February 13th. Three analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $64.67.

IAC Price Performance

IAC traded down $0.74 on Tuesday, reaching $45.63. The company had a trading volume of 1,083,391 shares, compared to its average volume of 861,335. The company has a debt-to-equity ratio of 0.31, a quick ratio of 2.75 and a current ratio of 2.80. IAC has a 52-week low of $39.61 and a 52-week high of $58.29. The company has a market cap of $3.67 billion, a price-to-earnings ratio of -7.00 and a beta of 1.32. The business has a 50 day simple moving average of $43.07 and a 200 day simple moving average of $48.08.

Hedge Funds Weigh In On IAC

Hedge funds have recently made changes to their positions in the business. Poehling Capital Management INC. purchased a new position in IAC during the 4th quarter valued at $1,255,000. Ursa Fund Management LLC bought a new stake in shares of IAC during the 4th quarter valued at about $647,000. Two Sigma Advisers LP increased its position in shares of IAC by 99.5% during the fourth quarter. Two Sigma Advisers LP now owns 17,992 shares of the company's stock valued at $776,000 after buying an additional 8,975 shares during the period. Two Sigma Investments LP raised its stake in IAC by 410.0% in the fourth quarter. Two Sigma Investments LP now owns 89,754 shares of the company's stock worth $3,872,000 after buying an additional 72,155 shares in the last quarter. Finally, Steamboat Capital Partners LLC lifted its holdings in IAC by 97.8% in the fourth quarter. Steamboat Capital Partners LLC now owns 39,384 shares of the company's stock worth $1,699,000 after buying an additional 19,475 shares during the period. 88.90% of the stock is 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.