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

Shares of IAC Inc. (NASDAQ:IAC) have received a consensus rating of “Moderate Buy” from the fourteen ratings firms that are covering the stock, MarketBeat reports. One analyst has rated the stock with a sell rating, three have given a hold rating and ten have assigned a buy rating to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $46.6667.

IAC has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. increased their price objective on IAC from $43.00 to $46.00 and gave the company an “overweight” rating in a report on Friday, December 12th. KeyCorp dropped their price target on shares of IAC from $45.00 to $41.00 and set an “overweight” rating on the stock in a research note on Monday, November 3rd. Wall Street Zen cut shares of IAC from a “hold” rating to a “sell” rating in a report on Sunday. Jefferies Financial Group upped their target price on shares of IAC from $41.00 to $45.00 and gave the company a “buy” rating in a report on Thursday, December 11th. Finally, Oppenheimer lowered shares of IAC from an “outperform” rating to a “market perform” rating in a research note on Monday.

Institutional Trading of IAC

Institutional investors and hedge funds have recently made changes to their positions in the company. Oregon Public Employees Retirement Fund boosted its position in shares of IAC by 2.0% in the 3rd quarter. Oregon Public Employees Retirement Fund now owns 15,217 shares of the company’s stock valued at $518,000 after purchasing an additional 300 shares during the period. Teacher Retirement System of Texas lifted its stake in IAC by 0.6% in the second quarter. Teacher Retirement System of Texas now owns 50,766 shares of the company’s stock valued at $1,896,000 after buying an additional 316 shares during the last quarter. GAMMA Investing LLC boosted its holdings in shares of IAC by 48.5% in the second quarter. GAMMA Investing LLC now owns 1,124 shares of the company’s stock valued at $42,000 after acquiring an additional 367 shares during the period. State Board of Administration of Florida Retirement System grew its position in shares of IAC by 0.5% during the second quarter. State Board of Administration of Florida Retirement System now owns 76,432 shares of the company’s stock worth $2,854,000 after acquiring an additional 410 shares during the last quarter. Finally, Nisa Investment Advisors LLC increased its holdings in shares of IAC by 3.3% in the 3rd quarter. Nisa Investment Advisors LLC now owns 15,182 shares of the company’s stock valued at $517,000 after acquiring an additional 482 shares during the period. 88.90% of the stock is owned by hedge funds and other institutional investors.

IAC Price Performance

IAC stock opened at $39.09 on Thursday. The company has a current ratio of 2.56, a quick ratio of 2.56 and a debt-to-equity ratio of 0.29. The company has a fifty day simple moving average of $34.27 and a 200-day simple moving average of $36.04. The stock has a market cap of $2.80 billion, a P/E ratio of -14.32 and a beta of 1.18. IAC has a 12-month low of $29.56 and a 12-month high of $50.49.

IAC (NASDAQ:IAC) last posted its earnings results on Monday, November 3rd. The company reported ($0.27) EPS for the quarter, missing the consensus estimate of ($0.24) by ($0.03). The business had revenue of $589.79 million during the quarter, compared to analysts’ expectations of $601.86 million. IAC had a negative net margin of 8.27% and a negative return on equity of 4.61%. The business’s quarterly revenue was down 8.1% compared to the same quarter last year. During the same period last year, the company earned ($2.93) EPS. Equities analysts expect that IAC will post 0.43 EPS for the current fiscal 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.