IAC Inc. (NASDAQ:IAC) Receives $79.77 Consensus PT from Brokerages

Shares of IAC Inc. (NASDAQ:IAC) have received an average rating of “Moderate Buy” from the twelve brokerages that are covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a hold rating and eleven have given a buy rating to the company. The average 12 month price objective among brokers that have covered the stock in the last year is $79.77.

IAC has been the topic of several research analyst reports. Barclays upped their target price on shares of IAC from $72.00 to $73.00 and gave the company an “overweight” rating in a research note on Thursday, May 9th. KeyCorp lifted their target price on shares of IAC from $64.00 to $67.00 and gave the stock an “overweight” rating in a research report on Monday, May 13th. Wells Fargo & Company increased their price target on IAC from $82.00 to $84.00 and gave the company an “overweight” rating in a report on Tuesday, May 14th. Citigroup reduced their price objective on IAC from $72.00 to $70.00 and set a “buy” rating for the company in a research report on Thursday, May 9th. Finally, JMP Securities assumed coverage on IAC in a research report on Tuesday, July 9th. They issued an “outperform” rating and a $78.00 target price on the stock.

Institutional Investors Weigh In On IAC

Institutional investors have recently modified their holdings of the stock. Citigroup Inc. boosted its stake in shares of IAC by 9.4% during the 3rd quarter. Citigroup Inc. now owns 15,286 shares of the company’s stock worth $770,000 after purchasing an additional 1,315 shares during the period. Teachers Retirement System of The State of Kentucky grew its stake in shares of IAC by 14.7% during the third quarter. Teachers Retirement System of The State of Kentucky now owns 194,635 shares of the company’s stock valued at $9,808,000 after buying an additional 24,935 shares during the last quarter. Handelsinvest Investeringsforvaltning purchased a new stake in shares of IAC in the fourth quarter worth approximately $345,000. Parkside Investments LLC lifted its stake in shares of IAC by 13.8% during the 4th quarter. Parkside Investments LLC now owns 176,269 shares of the company’s stock worth $9,233,000 after acquiring an additional 21,400 shares during the last quarter. Finally, Chemistry Wealth Management LLC lifted its stake in shares of IAC by 14.5% during the 4th quarter. Chemistry Wealth Management LLC now owns 14,592 shares of the company’s stock worth $764,000 after acquiring an additional 1,845 shares during the last quarter. 88.90% of the stock is owned by institutional investors.

IAC Stock Up 0.9 %

IAC stock opened at $49.11 on Thursday. IAC has a fifty-two week low of $41.39 and a fifty-two week high of $69.85. The company has a market capitalization of $3.94 billion, a price-to-earnings ratio of -31.08 and a beta of 1.32. The business’s 50 day moving average price is $49.70 and its two-hundred day moving average price is $51.16. The company has a debt-to-equity ratio of 0.29, a quick ratio of 2.70 and a current ratio of 2.70.

IAC (NASDAQ:IAC) last issued its quarterly earnings results on Tuesday, May 7th. The company reported ($0.93) earnings per share (EPS) for the quarter, topping the consensus estimate of ($1.14) by $0.21. IAC had a negative net margin of 2.54% and a negative return on equity of 3.31%. The company had revenue of $929.68 million during the quarter, compared to analyst estimates of $937.68 million. As a group, analysts forecast that IAC will post 0.09 earnings per share 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.