IAC Inc. (NASDAQ:IAC) Receives Average Rating of “Moderate Buy” from Analysts

IAC Inc. (NASDAQ:IAC) has earned an average rating of “Moderate Buy” from the fifteen brokerages that are currently covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and ten have issued a buy recommendation on the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $47.6154.

Several brokerages recently issued reports on IAC. Wall Street Zen upgraded IAC from a “sell” rating to a “hold” rating in a research note on Saturday, February 28th. Zacks Research raised IAC from a “strong sell” rating to a “hold” rating in a report on Wednesday, March 11th. Weiss Ratings reiterated a “sell (d-)” rating on shares of IAC in a research report on Thursday, January 22nd. Jefferies Financial Group increased their target price on IAC from $41.00 to $45.00 and gave the stock a “buy” rating in a report on Thursday, December 11th. Finally, UBS Group restated a “neutral” rating and issued a $42.00 price target on shares of IAC in a research report on Friday, February 6th.

Institutional Investors Weigh In On IAC

Large investors have recently bought and sold shares of the company. Bank of Montreal Can raised its position in shares of IAC by 42,721.4% in the 4th quarter. Bank of Montreal Can now owns 3,128,104 shares of the company’s stock valued at $122,309,000 after buying an additional 3,120,799 shares in the last quarter. Aristeia Capital L.L.C. boosted its position in shares of IAC by 100.7% during the 4th quarter. Aristeia Capital L.L.C. now owns 5,702,459 shares of the company’s stock worth $222,966,000 after acquiring an additional 2,861,871 shares in the last quarter. Burgundy Asset Management Ltd. increased its stake in IAC by 73.8% in the second quarter. Burgundy Asset Management Ltd. now owns 2,517,797 shares of the company’s stock valued at $94,015,000 after acquiring an additional 1,069,044 shares during the last quarter. Norges Bank bought a new position in IAC in the second quarter valued at approximately $31,025,000. Finally, Boston Partners acquired a new position in IAC during the fourth quarter valued at approximately $29,114,000. 88.90% of the stock is currently owned by institutional investors and hedge funds.

IAC Price Performance

Shares of IAC stock opened at $39.97 on Friday. The company has a quick ratio of 2.75, a current ratio of 2.75 and a debt-to-equity ratio of 0.29. The stock has a market capitalization of $2.84 billion, a price-to-earnings ratio of -30.05 and a beta of 1.06. IAC has a twelve month low of $29.56 and a twelve month high of $41.86. The company has a 50-day simple moving average of $37.49 and a two-hundred day simple moving average of $36.43.

IAC (NASDAQ:IAC) last announced its earnings results on Tuesday, February 3rd. The company reported ($0.99) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.67 by ($1.66). IAC had a negative return on equity of 2.43% and a negative net margin of 4.35%.The business had revenue of $645.98 million for the quarter, compared to analyst estimates of $641.01 million. During the same quarter in the previous year, the company earned ($2.39) EPS. The business’s revenue for the quarter was down 34.7% on a year-over-year basis. Analysts forecast that IAC will post 0.43 EPS for the current year.

About IAC

IAC (NASDAQ: IAC) is a publicly traded holding company headquartered in New York City that builds and invests in consumer-focused internet businesses. Through its portfolio of digital media brands, online marketplaces and subscription services, IAC delivers content and connections across a range of verticals, including lifestyle, finance, home services and personal care. The company’s operations span North America and parts of Europe, where its brands reach millions of visitors each month.

In the digital publishing space, IAC’s Dotdash Meredith division develops original content and data‐driven journalism across more than a dozen specialty sites.