Maven Securities LTD Decreases Holdings in IAC Inc. (NASDAQ:IAC)

Maven Securities LTD decreased its position in shares of IAC Inc. (NASDAQ:IAC) by 39.7% during the 4th quarter, Holdings Channel.com reports. The fund owned 12,515 shares of the company’s stock after selling 8,242 shares during the period. Maven Securities LTD’s holdings in IAC were worth $540,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of IAC. Aster Capital Management DIFC Ltd lifted its stake in IAC by 287.4% in the 4th quarter. Aster Capital Management DIFC Ltd now owns 616 shares of the company’s stock valued at $27,000 after buying an additional 457 shares in the last quarter. Bank Julius Baer & Co. Ltd Zurich purchased a new stake in IAC in the 4th quarter valued at approximately $41,000. MassMutual Private Wealth & Trust FSB lifted its stake in IAC by 1,398.5% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 2,053 shares of the company’s stock valued at $89,000 after buying an additional 1,916 shares in the last quarter. Aquatic Capital Management LLC purchased a new stake in IAC in the 4th quarter valued at approximately $135,000. Finally, Allworth Financial LP lifted its stake in IAC by 1,193.4% in the 4th quarter. Allworth Financial LP now owns 3,337 shares of the company’s stock valued at $139,000 after buying an additional 3,079 shares in the last quarter. Hedge funds and other institutional investors own 88.90% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently issued reports on IAC. Truist Financial reduced their target price on IAC from $80.00 to $76.00 and set a “buy” rating on the stock in a research note on Thursday, February 13th. Citigroup reduced their target price on IAC from $47.55 to $45.00 and set a “buy” rating on the stock in a research note on Friday, April 25th. Piper Sandler reduced their target price on IAC from $54.00 to $44.00 and set a “neutral” rating on the stock in a research note on Wednesday, May 7th. JMP Securities cut their price target on IAC from $70.00 to $64.00 and set a “market outperform” rating for the company in a report on Thursday, February 13th. Finally, JPMorgan Chase & Co. cut their price target on IAC from $60.00 to $45.00 and set an “overweight” rating for the company in a report on Tuesday, April 22nd. Three research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $57.43.

IAC Trading Down 1.4%

IAC stock opened at $38.77 on Wednesday. The company has a market cap of $2.87 billion, a price-to-earnings ratio of -5.95 and a beta of 1.24. The company has a quick ratio of 2.75, a current ratio of 2.80 and a debt-to-equity ratio of 0.31. The business has a fifty day simple moving average of $39.10 and a 200-day simple moving average of $43.23. IAC Inc. has a 52 week low of $32.05 and a 52 week high of $58.29.

IAC (NASDAQ:IAC) last released its quarterly earnings data on Monday, May 5th. The company reported ($2.80) EPS for the quarter, topping analysts’ consensus estimates of ($3.94) by $1.14. The business had revenue of $570.49 million during the quarter, compared to the consensus estimate of $809.18 million. IAC had a negative return on equity of 7.98% and a negative net margin of 14.18%. The business’s revenue for the quarter was down 8.6% on a year-over-year basis. During the same period in the prior year, the firm posted $0.51 EPS. On average, equities research analysts expect that IAC Inc. will post 0.43 EPS for the current year.

IAC 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.