Quest Partners LLC Has $38,000 Stock Holdings in IAC Inc. (NASDAQ:IAC)

Quest Partners LLC lessened its holdings in IAC Inc. (NASDAQ:IAC - Free Report) by 96.7% during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 820 shares of the company's stock after selling 23,808 shares during the quarter. Quest Partners LLC's holdings in IAC were worth $38,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Riverview Trust Co acquired a new position in IAC during the 1st quarter worth approximately $27,000. International Assets Investment Management LLC bought a new position in shares of IAC in the 2nd quarter valued at $39,000. CWM LLC boosted its holdings in shares of IAC by 55.6% during the 2nd 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. bought a new stake in IAC during the 2nd quarter worth $60,000. Finally, Geneos Wealth Management Inc. acquired a new position in IAC in the 1st quarter worth about $80,000. Institutional investors own 88.90% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on IAC shares. JMP Securities assumed coverage on IAC in a research note on Tuesday, July 9th. They set an "outperform" rating and a $78.00 price target on the stock. Barclays cut their target price on shares of IAC from $73.00 to $70.00 and set an "overweight" rating on the stock in a research report on Thursday, August 8th. Citigroup dropped their price target on shares of IAC from $70.00 to $66.00 and set a "buy" rating for the company in a research note on Thursday, August 8th. Truist Financial boosted their price objective on shares of IAC from $87.00 to $88.00 and gave the stock a "buy" rating in a research note on Thursday, August 8th. Finally, Benchmark reaffirmed a "buy" rating and set a $110.00 target price on shares of IAC in a research report on Tuesday, August 27th. Two analysts have rated the stock with a hold rating and nine have given a buy rating to the company's stock. Based on data from MarketBeat.com, IAC currently has a consensus rating of "Moderate Buy" and a consensus price target of $76.40.

IAC Trading Down 0.5 %

IAC traded down $0.29 during trading on Friday, reaching $54.36. 722,131 shares of the stock traded hands, compared to its average volume of 686,901. The stock's 50-day moving average is $51.07 and its 200 day moving average is $50.58. IAC Inc. has a 12 month low of $41.39 and a 12 month high of $58.29. The company has a quick ratio of 2.68, a current ratio of 2.68 and a debt-to-equity ratio of 0.29. The stock has a market capitalization of $4.37 billion, a PE ratio of -34.41 and a beta of 1.32.

IAC (NASDAQ:IAC - Get Free Report) last announced its 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 for the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same quarter in the previous year, the company earned ($0.76) EPS. Equities analysts anticipate that IAC Inc. 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.