IAC (NASDAQ:IAC) Cut to “Hold” at StockNews.com

StockNews.com lowered shares of IAC (NASDAQ:IACFree Report) from a buy rating to a hold rating in a report issued on Saturday morning.

IAC has been the topic of several other reports. KeyCorp lifted their target price on IAC from $64.00 to $67.00 and gave the company an overweight rating in a research report on Monday, May 13th. UBS Group lifted their target price on IAC from $60.00 to $64.00 and gave the company a neutral rating in a research report on Thursday, February 15th. Oppenheimer lifted their target price on IAC from $65.00 to $75.00 and gave the company an outperform rating in a research report on Thursday, May 9th. Barclays raised their price target on IAC from $72.00 to $73.00 and gave the company an overweight rating in a report on Thursday, May 9th. Finally, Truist Financial raised their price target on IAC from $80.00 to $87.00 and gave the company a buy rating in a report on Friday, May 10th. Two investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of Moderate Buy and a consensus target price of $79.92.

Get Our Latest Analysis on IAC

IAC Stock Performance

IAC stock opened at $53.39 on Friday. The company has a market cap of $4.29 billion, a P/E ratio of -33.79 and a beta of 1.34. IAC has a 1 year low of $41.39 and a 1 year high of $69.85. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.70 and a quick ratio of 2.70. The stock’s fifty day moving average price is $51.89 and its 200-day moving average price is $51.35.

Institutional Trading of IAC

A number of large investors have recently modified their holdings of IAC. Riverview Trust Co purchased a new stake in shares of IAC in the first quarter valued at approximately $27,000. Geneos Wealth Management Inc. bought a new position in IAC in the first quarter worth approximately $80,000. Spire Wealth Management raised its stake in IAC by 23.1% in the third quarter. Spire Wealth Management now owns 1,612 shares of the company’s stock worth $81,000 after buying an additional 303 shares in the last quarter. Covestor Ltd raised its stake in IAC by 15.4% in the third quarter. Covestor Ltd now owns 2,144 shares of the company’s stock worth $108,000 after buying an additional 286 shares in the last quarter. Finally, Headlands Technologies LLC raised its stake in IAC by 39.7% in the third quarter. Headlands Technologies LLC now owns 2,702 shares of the company’s stock worth $136,000 after buying an additional 768 shares in the last quarter. Hedge funds and other institutional investors own 88.90% of the company’s stock.

IAC Company Profile

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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.

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Analyst Recommendations for IAC (NASDAQ:IAC)

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