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

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

A number of analysts have recently commented on the stock. Weiss Ratings reissued a “sell (d-)” rating on shares of IAC in a research report on Wednesday, October 8th. Wall Street Zen cut shares of IAC from a “hold” rating to a “sell” rating in a research report on Sunday, December 14th. Oppenheimer cut IAC from an “outperform” rating to a “market perform” rating in a report on Monday, December 15th. Jefferies Financial Group lifted their target price on IAC from $41.00 to $45.00 and gave the company a “buy” rating in a research report on Thursday, December 11th. Finally, Benchmark reduced their price target on IAC from $60.00 to $57.00 and set a “buy” rating for the company in a research report on Wednesday, November 5th.

IAC Stock Up 0.6%

IAC stock opened at $39.41 on Monday. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.56 and a quick ratio of 2.56. The stock has a market capitalization of $2.82 billion, a P/E ratio of -14.44 and a beta of 1.10. IAC has a fifty-two week low of $29.56 and a fifty-two week high of $50.49. The business has a 50-day moving average of $36.47 and a 200-day moving average of $36.38.

IAC (NASDAQ:IAC) last released 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). IAC had a negative net margin of 8.27% and a negative return on equity of 4.61%. The firm had revenue of $589.79 million during the quarter, compared to the consensus estimate of $601.86 million. During the same quarter in the previous year, the firm posted ($2.93) EPS. The company’s revenue was down 8.1% on a year-over-year basis. On average, sell-side analysts anticipate that IAC will post 0.43 earnings per share for the current fiscal year.

Hedge Funds Weigh In On IAC

Hedge funds and other institutional investors have recently made changes to their positions in the company. Elevation Wealth Partners LLC acquired a new position in IAC during the fourth quarter worth $25,000. Advisory Services Network LLC acquired a new stake in IAC in the third quarter valued at $38,000. JFS Wealth Advisors LLC acquired a new stake in IAC in the third quarter valued at $39,000. GAMMA Investing LLC grew its position in shares of IAC by 48.5% in the 2nd 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. Finally, Farther Finance Advisors LLC increased its stake in shares of IAC by 240.3% during the 2nd quarter. Farther Finance Advisors LLC now owns 1,174 shares of the company’s stock worth $44,000 after purchasing an additional 829 shares during the last quarter. 88.90% of the stock is owned by institutional investors.

About IAC

IAC (NASDAQ: IAC) is a publicly traded holding company headquartered in New York City that builds and invests in consumer-focused internet businesses. Through its portfolio of digital media brands, online marketplaces and subscription services, IAC delivers content and connections across a range of verticals, including lifestyle, finance, home services and personal care. The company’s operations span North America and parts of Europe, where its brands reach millions of visitors each month.

In the digital publishing space, IAC’s Dotdash Meredith division develops original content and data‐driven journalism across more than a dozen specialty sites.