IAC Inc. (NASDAQ:IAC) Receives Average Recommendation of “Moderate Buy” from Analysts

IAC Inc. (NASDAQ:IAC) has been given a consensus rating of “Moderate Buy” by the fifteen brokerages that are covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and ten have assigned a buy rating to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $47.6154.

IAC has been the subject of a number of research analyst reports. JPMorgan Chase & Co. upped their price target on IAC from $43.00 to $46.00 and gave the stock an “overweight” rating in a report on Friday, December 12th. Zacks Research upgraded shares of IAC from a “strong sell” rating to a “hold” rating in a research note on Wednesday, March 11th. Benchmark reiterated a “buy” rating on shares of IAC in a research note on Tuesday, March 3rd. Jefferies Financial Group increased their price target 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, Needham & Company LLC set a $57.00 price target on shares of IAC in a research report on Tuesday, March 3rd.

IAC Trading Down 2.6%

IAC stock opened at $38.85 on Friday. IAC has a 52 week low of $29.56 and a 52 week high of $48.54. The company has a debt-to-equity ratio of 0.29, a quick ratio of 2.75 and a current ratio of 2.75. The firm has a market capitalization of $2.76 billion, a PE ratio of -29.21 and a beta of 1.09. The business’s 50-day simple moving average is $37.47 and its 200-day simple moving average is $36.35.

IAC (NASDAQ:IAC) last announced its earnings results on Tuesday, February 3rd. The company reported ($0.99) earnings per share for the quarter, missing the consensus estimate of $0.67 by ($1.66). The business had revenue of $645.98 million for the quarter, compared to the consensus estimate of $641.01 million. IAC had a negative net margin of 4.35% and a negative return on equity of 2.43%. IAC’s revenue for the quarter was down 34.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($2.39) EPS. Equities research analysts forecast that IAC will post 0.43 earnings per share for the current year.

Institutional Investors Weigh In On IAC

Several hedge funds have recently made changes to their positions in the stock. Oregon Public Employees Retirement Fund raised its holdings in 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 acquiring an additional 300 shares in the last quarter. New Age Alpha Advisors LLC raised its stake in shares of IAC by 3.5% in the 4th quarter. New Age Alpha Advisors LLC now owns 9,104 shares of the company’s stock valued at $356,000 after buying an additional 309 shares in the last quarter. State Board of Administration of Florida Retirement System boosted its position in shares of IAC by 0.5% during the 2nd quarter. State Board of Administration of Florida Retirement System now owns 76,432 shares of the company’s stock valued at $2,854,000 after acquiring an additional 410 shares in the last quarter. Franklin Resources Inc. increased its stake in IAC by 7.9% in the fourth quarter. Franklin Resources Inc. now owns 6,439 shares of the company’s stock valued at $252,000 after acquiring an additional 471 shares during the period. Finally, Nisa Investment Advisors LLC raised its position in IAC by 3.3% in the third quarter. Nisa Investment Advisors LLC now owns 15,182 shares of the company’s stock worth $517,000 after purchasing an additional 482 shares in the last quarter. Institutional investors own 88.90% of the company’s stock.

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.