Truist Financial Cuts IAC (NASDAQ:IAC) Price Target to $76.00

IAC (NASDAQ:IAC) had its target price cut by Truist Financial from $80.00 to $76.00 in a research report report published on Thursday,Benzinga reports. They currently have a buy rating on the stock.

Several other brokerages have also issued reports on IAC. JMP Securities reaffirmed a “market outperform” rating and set a $70.00 price objective on shares of IAC in a report on Monday, December 16th. Benchmark reaffirmed a “buy” rating and set a $110.00 price target on shares of IAC in a research report on Tuesday, November 12th. Barclays decreased their price objective on IAC from $66.00 to $61.00 and set an “overweight” rating for the company in a report on Thursday. UBS Group upgraded shares of IAC to a “hold” rating in a research report on Monday, October 28th. Finally, Macquarie reissued an “outperform” rating and set a $14.00 price objective on shares of IAC in a research report on Thursday, November 14th. Three equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $64.33.

IAC Stock Down 2.1 %

Shares of NASDAQ:IAC opened at $46.99 on Thursday. The firm has a 50 day simple moving average of $43.08 and a 200-day simple moving average of $48.18. IAC has a twelve month low of $39.61 and a twelve month high of $58.29. 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 company has a market capitalization of $3.78 billion, a PE ratio of -109.26 and a beta of 1.32.

Institutional Investors Weigh In On IAC

Several institutional investors have recently modified their holdings of IAC. Commonwealth Equity Services LLC grew its stake in IAC by 2.9% in the 4th quarter. Commonwealth Equity Services LLC now owns 11,532 shares of the company’s stock valued at $497,000 after acquiring an additional 320 shares during the last quarter. Nisa Investment Advisors LLC grew its position in shares of IAC by 2.7% in the third quarter. Nisa Investment Advisors LLC now owns 15,475 shares of the company’s stock valued at $833,000 after purchasing an additional 405 shares during the last quarter. Aster Capital Management DIFC Ltd increased its stake in shares of IAC by 287.4% during the 4th quarter. Aster Capital Management DIFC Ltd now owns 616 shares of the company’s stock worth $27,000 after purchasing an additional 457 shares in the last quarter. Victory Capital Management Inc. raised its position in shares of IAC by 1.6% during the 3rd quarter. Victory Capital Management Inc. now owns 31,686 shares of the company’s stock worth $1,705,000 after purchasing an additional 490 shares during the last quarter. Finally, GAMMA Investing LLC lifted its stake in IAC by 98.8% in the 3rd quarter. GAMMA Investing LLC now owns 990 shares of the company’s stock valued at $53,000 after buying an additional 492 shares in the last quarter. Hedge funds and other institutional investors own 88.90% of the company’s stock.

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.