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

Shares of IAC Inc. (NASDAQ:IAC) have received a consensus rating of “Moderate Buy” from the fourteen brokerages that are currently covering the stock, Marketbeat.com reports. Two research analysts have rated the stock with a hold recommendation and twelve have given a buy recommendation to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $47.9231.

A number of equities analysts have weighed in on IAC shares. Wall Street Zen upgraded shares of IAC from a “sell” rating to a “hold” rating in a research report on Saturday, August 9th. JPMorgan Chase & Co. reduced their price objective on shares of IAC from $60.00 to $45.00 and set an “overweight” rating for the company in a research report on Tuesday, April 22nd. JMP Securities reduced their price objective on shares of IAC from $64.00 to $47.00 and set a “market outperform” rating for the company in a research report on Tuesday, June 10th. Barclays reduced their target price on shares of IAC from $61.00 to $52.00 and set an “overweight” rating for the company in a research report on Tuesday, May 6th. Finally, Cowen reiterated a “buy” rating on shares of IAC in a research report on Monday, May 5th.

Institutional Investors Weigh In On IAC

A number of hedge funds have recently modified their holdings of IAC. TD Private Client Wealth LLC boosted its stake in IAC by 282.2% during the first quarter. TD Private Client Wealth LLC now owns 581 shares of the company’s stock worth $27,000 after buying an additional 429 shares during the period. Parallel Advisors LLC boosted its stake in shares of IAC by 1,422.0% in the first quarter. Parallel Advisors LLC now owns 624 shares of the company’s stock valued at $29,000 after purchasing an additional 583 shares during the period. Fifth Third Bancorp boosted its stake in shares of IAC by 426.1% in the first quarter. Fifth Third Bancorp now owns 626 shares of the company’s stock valued at $29,000 after purchasing an additional 507 shares during the period. Versant Capital Management Inc boosted its stake in shares of IAC by 118.6% in the first quarter. Versant Capital Management Inc now owns 680 shares of the company’s stock valued at $31,000 after purchasing an additional 369 shares during the period. Finally, GAMMA Investing LLC boosted its stake in shares of IAC by 219.4% in the first quarter. GAMMA Investing LLC now owns 757 shares of the company’s stock valued at $35,000 after purchasing an additional 520 shares during the period. Hedge funds and other institutional investors own 88.90% of the company’s stock.

IAC Stock Performance

NASDAQ:IAC opened at $35.14 on Friday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 2.87 and a current ratio of 2.87. The company has a fifty day moving average of $38.08 and a two-hundred day moving average of $39.51. The stock has a market capitalization of $2.61 billion, a PE ratio of -6.52 and a beta of 1.23. IAC has a fifty-two week low of $32.04 and a fifty-two week high of $55.40.

IAC (NASDAQ:IAC) last posted its quarterly earnings data on Monday, August 4th. The company reported $2.57 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.30) by $2.87. The company had revenue of $586.93 million during the quarter, compared to analysts’ expectations of $601.38 million. IAC had a negative net margin of 14.52% and a negative return on equity of 8.23%. The firm’s revenue for the quarter was down 7.5% on a year-over-year basis. During the same period in the prior year, the business posted ($1.71) earnings per share. As a group, research analysts forecast that IAC will post 0.43 earnings per share for the current fiscal year.

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.