IAC Inc. (NASDAQ:IAC) Receives $76.40 Consensus PT from Analysts

Shares of IAC Inc. (NASDAQ:IAC - Get Free Report) have been given an average recommendation of "Moderate Buy" by the ten ratings firms that are presently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a hold recommendation and nine have issued a buy recommendation on the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $76.40.

IAC has been the subject of several recent analyst reports. Barclays lowered their target price on shares of IAC from $73.00 to $70.00 and set an "overweight" rating for the company in a research note on Thursday, August 8th. Truist Financial upped their target price on IAC from $87.00 to $88.00 and gave the company a "buy" rating in a research note on Thursday, August 8th. KeyCorp decreased their price target on IAC from $67.00 to $66.00 and set an "overweight" rating on the stock in a research note on Friday, August 16th. JMP Securities started coverage on IAC in a report on Tuesday, July 9th. They issued an "outperform" rating and a $78.00 price target for the company. Finally, Citigroup cut their price objective on shares of IAC from $70.00 to $66.00 and set a "buy" rating on the stock in a report on Thursday, August 8th.

Institutional Investors Weigh In On IAC

Large investors have recently modified their holdings of the stock. Riverview Trust Co purchased a new position in shares of IAC in the first quarter valued at $27,000. International Assets Investment Management LLC purchased a new position in IAC in the 2nd quarter valued at about $39,000. CWM LLC grew its stake in shares of IAC by 55.6% during the second quarter. CWM LLC now owns 1,142 shares of the company's stock valued at $54,000 after acquiring an additional 408 shares in the last quarter. 1620 Investment Advisors Inc. purchased a new stake in shares of IAC during the second quarter worth about $60,000. Finally, Geneos Wealth Management Inc. purchased a new stake in shares of IAC during the first quarter worth about $80,000. Institutional investors and hedge funds own 88.90% of the company's stock.

IAC Price Performance

IAC traded down $0.03 during trading on Tuesday, reaching $54.04. 517,965 shares of the stock were exchanged, compared to its average volume of 684,419. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.68 and a quick ratio of 2.68. The company has a market capitalization of $4.34 billion, a price-to-earnings ratio of -34.23 and a beta of 1.32. IAC has a 1 year low of $41.39 and a 1 year high of $58.29. The business's 50 day moving average price is $51.17 and its two-hundred day moving average price is $50.58.

IAC (NASDAQ:IAC - Get Free Report) last released its quarterly earnings results on Tuesday, August 6th. The company reported ($1.71) EPS for the quarter, missing the consensus estimate of ($0.32) by ($1.39). The business had revenue of $949.50 million during the quarter, compared to analyst estimates of $942.77 million. IAC had a negative net margin of 3.95% and a negative return on equity of 2.35%. The firm's revenue for the quarter was down 14.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($0.76) earnings per share. As a group, equities research analysts anticipate that IAC will post -0.79 earnings per share for the current year.

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.