IAC Inc. (NASDAQ:IAC – Get Free Report) was the recipient of a large decrease in short interest in the month of March. As of March 31st, there was short interest totalling 1,710,000 shares, a decrease of 13.2% from the March 15th total of 1,970,000 shares. Approximately 2.3% of the company’s stock are sold short. Based on an average daily trading volume, of 547,200 shares, the days-to-cover ratio is presently 3.1 days.
IAC Trading Down 0.6 %
Shares of IAC stock opened at $47.90 on Tuesday. The stock has a market capitalization of $3.83 billion, a P/E ratio of 19.31 and a beta of 1.32. The company has a quick ratio of 2.36, a current ratio of 2.36 and a debt-to-equity ratio of 0.30. The company has a 50-day simple moving average of $53.05 and a 200 day simple moving average of $50.32. IAC has a 12-month low of $41.39 and a 12-month high of $69.85.
IAC (NASDAQ:IAC – Get Free Report) last issued its quarterly earnings data on Tuesday, February 13th. The company reported ($0.73) EPS for the quarter, missing analysts’ consensus estimates of ($0.20) by ($0.53). IAC had a negative return on equity of 4.15% and a net margin of 6.09%. The company had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $1.06 billion. Research analysts expect that IAC will post -1.99 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
Wall Street Analyst Weigh In
Several analysts have commented on the stock. Truist Financial boosted their target price on shares of IAC from $77.00 to $80.00 and gave the stock a “buy” rating in a research report on Thursday, February 15th. UBS Group boosted their target price on shares of IAC from $60.00 to $64.00 and gave the stock a “neutral” rating in a research report on Thursday, February 15th. KeyCorp boosted their target price on shares of IAC from $68.00 to $70.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 13th. Finally, Barclays upped their price objective on shares of IAC from $62.00 to $72.00 and gave the stock an “overweight” rating in a report on Thursday, February 15th. Two investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat.com, IAC has a consensus rating of “Moderate Buy” and a consensus target price of $78.69.
View Our Latest Stock Analysis on IAC
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.
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