IAC Inc. (NASDAQ:IAC) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of IAC Inc. (NASDAQ:IAC) have earned an average rating of “Moderate Buy” from the twelve research firms that are currently covering the stock, MarketBeat reports. Two research analysts have rated the stock with a hold recommendation and ten have given a buy recommendation to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $64.67.

A number of research firms have recently weighed in on IAC. Citigroup upped their price objective on IAC from $56.00 to $58.00 and gave the stock a “buy” rating in a research report on Friday, January 31st. JMP Securities cut their price target on IAC from $70.00 to $64.00 and set a “market outperform” rating on the stock in a report on Thursday, February 13th. Oppenheimer decreased their price objective on IAC from $72.00 to $70.00 and set an “outperform” rating for the company in a research note on Thursday, February 13th. Truist Financial cut their target price on shares of IAC from $80.00 to $76.00 and set a “buy” rating on the stock in a research note on Thursday, February 13th. Finally, Barclays decreased their price target on shares of IAC from $66.00 to $61.00 and set an “overweight” rating for the company in a research note on Thursday, February 13th.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Creative Planning lifted its holdings in IAC by 55.7% in the 3rd quarter. Creative Planning now owns 14,380 shares of the company’s stock worth $774,000 after buying an additional 5,145 shares in the last quarter. Raymond James & Associates lifted its stake in shares of IAC by 7.7% in the third quarter. Raymond James & Associates now owns 48,353 shares of the company’s stock worth $2,602,000 after acquiring an additional 3,471 shares in the last quarter. Lecap Asset Management Ltd. purchased a new position in IAC in the third quarter valued at about $741,000. International Assets Investment Management LLC boosted its holdings in IAC by 5,282.0% in the third quarter. International Assets Investment Management LLC now owns 45,209 shares of the company’s stock valued at $24,330,000 after purchasing an additional 44,369 shares during the last quarter. Finally, Joel Isaacson & Co. LLC grew its stake in IAC by 9.9% during the 3rd quarter. Joel Isaacson & Co. LLC now owns 64,911 shares of the company’s stock valued at $3,494,000 after purchasing an additional 5,838 shares in the last quarter. 88.90% of the stock is owned by institutional investors and hedge funds.

IAC Stock Performance

Shares of IAC stock opened at $45.82 on Friday. The company has a debt-to-equity ratio of 0.31, a quick ratio of 2.75 and a current ratio of 2.80. The firm’s 50 day moving average price is $43.15 and its 200-day moving average price is $48.05. IAC has a one year low of $39.61 and a one year high of $58.29. The firm has a market cap of $3.69 billion, a P/E ratio of -7.03 and a beta of 1.32.

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.