KeyCorp Forecasts Strong Price Appreciation for IAC (NASDAQ:IAC) Stock

IAC (NASDAQ:IAC) had its price objective boosted by stock analysts at KeyCorp from $60.00 to $64.00 in a note issued to investors on Tuesday,Benzinga reports. The brokerage presently has an “overweight” rating on the stock. KeyCorp’s target price would suggest a potential upside of 37.31% from the stock’s previous close.

IAC has been the topic of several other reports. Citigroup increased their target price on IAC from $56.00 to $58.00 and gave the stock a “buy” rating in a research report on Friday, January 31st. Oppenheimer cut their target price on IAC from $72.00 to $70.00 and set an “outperform” rating on the stock in a research report on Thursday, February 13th. Barclays cut their target price on IAC from $66.00 to $61.00 and set an “overweight” rating on the stock in a research report on Thursday, February 13th. UBS Group cut their target price on IAC from $55.00 to $54.00 and set a “neutral” rating on the stock in a research report on Thursday, February 13th. Finally, Truist Financial cut their target price on IAC from $80.00 to $76.00 and set a “buy” rating on the stock in a research report on Thursday, February 13th. Three research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat, IAC has a consensus rating of “Moderate Buy” and a consensus price target of $64.67.

IAC Stock Down 0.8 %

IAC stock opened at $46.61 on Tuesday. IAC has a fifty-two week low of $39.61 and a fifty-two week high of $58.29. The company has a debt-to-equity ratio of 0.31, a quick ratio of 2.75 and a current ratio of 2.80. The company has a market capitalization of $3.75 billion, a P/E ratio of -7.15 and a beta of 1.32. The stock has a 50-day simple moving average of $43.06 and a 200-day simple moving average of $48.10.

Institutional Trading of IAC

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Commonwealth Equity Services LLC grew its holdings 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 buying an additional 320 shares during the last quarter. Nisa Investment Advisors LLC grew its holdings in IAC by 2.7% in the 3rd quarter. Nisa Investment Advisors LLC now owns 15,475 shares of the company’s stock valued at $833,000 after buying an additional 405 shares during the last quarter. Aster Capital Management DIFC Ltd grew its holdings 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 during the last quarter. Victory Capital Management Inc. grew its holdings in IAC by 1.6% in the 3rd quarter. Victory Capital Management Inc. now owns 31,686 shares of the company’s stock valued at $1,705,000 after buying an additional 490 shares during the last quarter. Finally, Illinois Municipal Retirement Fund grew its holdings in IAC by 1.4% in the 4th quarter. Illinois Municipal Retirement Fund now owns 38,348 shares of the company’s stock valued at $1,654,000 after buying an additional 531 shares during the last quarter. Institutional investors and hedge funds own 88.90% of the company’s stock.

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.