Brokerages Set IAC Inc. (NASDAQ:IAC) Target Price at $78.69

IAC Inc. (NASDAQ:IAC) has been assigned an average recommendation of “Moderate Buy” from the ten ratings firms that are presently covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation and nine have given a buy recommendation to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $78.69.

A number of research analysts have weighed in on IAC shares. UBS Group boosted their price objective on shares of IAC from $60.00 to $64.00 and gave the company a “neutral” rating in a research report on Thursday, February 15th. Barclays boosted their price objective on shares of IAC from $62.00 to $72.00 and gave the company an “overweight” rating in a research report on Thursday, February 15th. KeyCorp boosted their price objective on shares of IAC from $68.00 to $70.00 and gave the company an “overweight” rating in a research report on Tuesday, February 13th. Finally, Truist Financial boosted their target price on shares of IAC from $77.00 to $80.00 and gave the company a “buy” rating in a research note on Thursday, February 15th.

Hedge Funds Weigh In On IAC

Hedge funds and other institutional investors have recently bought and sold shares of the business. Riverview Trust Co acquired a new position in IAC in the 1st quarter worth approximately $27,000. Spire Wealth Management increased its holdings in IAC by 23.1% in the 3rd quarter. Spire Wealth Management now owns 1,612 shares of the company’s stock worth $81,000 after buying an additional 303 shares during the period. Covestor Ltd increased its holdings in IAC by 15.4% in the 3rd quarter. Covestor Ltd now owns 2,144 shares of the company’s stock worth $108,000 after buying an additional 286 shares during the period. Headlands Technologies LLC increased its holdings in IAC by 39.7% in the 3rd quarter. Headlands Technologies LLC now owns 2,702 shares of the company’s stock worth $136,000 after buying an additional 768 shares during the period. Finally, NJ State Employees Deferred Compensation Plan acquired a new position in IAC in the 4th quarter worth approximately $203,000. Institutional investors and hedge funds own 88.90% of the company’s stock.

IAC Trading Up 0.6 %

IAC stock opened at $47.85 on Friday. The stock has a market cap of $3.84 billion, a P/E ratio of 19.29 and a beta of 1.32. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.36 and a quick ratio of 2.36. IAC has a 1 year low of $41.39 and a 1 year high of $69.85. The firm’s 50 day moving average price is $51.59 and its 200-day moving average price is $50.26.

IAC (NASDAQ:IAC) last announced its quarterly earnings results on Tuesday, February 13th. The company reported ($0.73) earnings per share for the quarter, missing the consensus estimate of ($0.20) by ($0.53). IAC had a negative return on equity of 4.15% and a net margin of 6.09%. The business had revenue of $1.06 billion during the quarter, compared to the consensus estimate of $1.06 billion. On average, equities analysts predict that IAC will post -2.02 earnings per share for the current fiscal year.

About IAC

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.