IAC Inc. (NASDAQ:IAC) Receives Consensus Rating of “Moderate Buy” from Brokerages

IAC Inc. (NASDAQ:IAC) has been given an average rating of “Moderate Buy” by the twelve research firms that are presently covering the company, MarketBeat.com reports. Two investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $64.67.

Several research analysts have recently commented on the company. Macquarie reissued an “outperform” rating and set a $14.00 price objective on shares of IAC in a report on Thursday, November 14th. JMP Securities cut 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. UBS Group lowered their price objective 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. Barclays cut their target price on shares of IAC from $66.00 to $61.00 and set an “overweight” rating for the company in a research report on Thursday, February 13th. Finally, KeyCorp increased their price objective on IAC from $60.00 to $64.00 and gave the company an “overweight” rating in a research report on Tuesday, February 18th.

IAC Price Performance

IAC stock opened at $46.56 on Friday. The stock has a market cap of $3.75 billion, a price-to-earnings ratio of -7.14 and a beta of 1.32. The company has a quick ratio of 2.75, a current ratio of 2.80 and a debt-to-equity ratio of 0.31. The business has a 50-day simple moving average of $43.31 and a 200 day simple moving average of $48.02. IAC has a 52 week low of $39.61 and a 52 week high of $58.29.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the company. Aster Capital Management DIFC Ltd grew its holdings in IAC by 287.4% in the 4th quarter. Aster Capital Management DIFC Ltd now owns 616 shares of the company’s stock worth $27,000 after acquiring an additional 457 shares during the last quarter. Bank Julius Baer & Co. Ltd Zurich purchased a new stake in shares of IAC during the fourth quarter worth about $41,000. Quarry LP grew its stake in shares of IAC by 408.9% in 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 increased its holdings in IAC by 1,398.5% during the 4th 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 IAC during the 4th quarter valued at approximately $135,000. 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.