JMP Securities Lowers IAC (NASDAQ:IAC) Price Target to $64.00

IAC (NASDAQ:IAC) had its target price dropped by investment analysts at JMP Securities from $70.00 to $64.00 in a research report issued on Thursday,Benzinga reports. The firm presently has a “market outperform” rating on the stock. JMP Securities’ price objective suggests a potential upside of 36.21% from the stock’s current price.

A number of other research firms have also recently commented on IAC. Barclays decreased their price objective on IAC from $66.00 to $61.00 and set an “overweight” rating on the stock in a report on Thursday. Macquarie reiterated an “outperform” rating and issued a $14.00 price objective on shares of IAC in a report on Thursday, November 14th. Truist Financial decreased their price objective on IAC from $80.00 to $76.00 and set a “buy” rating on the stock in a report on Thursday. Citigroup upped their price objective on IAC from $56.00 to $58.00 and gave the company a “buy” rating in a report on Friday, January 31st. Finally, UBS Group decreased their price objective on IAC from $55.00 to $54.00 and set a “neutral” rating on the stock in a report on Thursday. Three analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat, IAC currently has an average rating of “Moderate Buy” and an average target price of $64.33.

IAC Price Performance

NASDAQ:IAC opened at $46.99 on Thursday. IAC has a 12 month low of $39.61 and a 12 month high of $58.29. The stock has a 50 day moving average of $43.10 and a two-hundred day moving average of $48.21. The company has a current ratio of 2.75, a quick ratio of 2.75 and a debt-to-equity ratio of 0.30. The firm has a market cap of $3.78 billion, a P/E ratio of -109.26 and a beta of 1.32.

Institutional Trading of IAC

A number of large investors have recently modified their holdings of the stock. Vanguard Group Inc. increased its position in shares of IAC by 0.6% during the fourth quarter. Vanguard Group Inc. now owns 7,906,737 shares of the company’s stock worth $341,097,000 after acquiring an additional 43,772 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of IAC by 2.4% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,847,499 shares of the company’s stock worth $153,252,000 after acquiring an additional 66,347 shares during the period. State Street Corp increased its position in shares of IAC by 1.2% during the third quarter. State Street Corp now owns 2,360,210 shares of the company’s stock worth $127,027,000 after acquiring an additional 28,577 shares during the period. Thompson Siegel & Walmsley LLC increased its position in shares of IAC by 9.0% during the fourth quarter. Thompson Siegel & Walmsley LLC now owns 1,583,367 shares of the company’s stock worth $68,306,000 after acquiring an additional 130,604 shares during the period. Finally, Geode Capital Management LLC increased its position in shares of IAC by 2.2% during the third quarter. Geode Capital Management LLC now owns 1,217,480 shares of the company’s stock worth $65,541,000 after acquiring an additional 25,909 shares during the period. Hedge funds and other institutional investors own 88.90% of the company’s stock.

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.