Analysts Set IAC Inc. (NASDAQ:IAC) Price Target at $64.67

IAC Inc. (NASDAQ:IAC) has earned an average rating of “Moderate Buy” from the twelve analysts that are covering the company, MarketBeat.com reports. Two analysts have rated the stock with a hold recommendation and ten have given a buy recommendation to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $64.67.

A number of equities research analysts have issued reports on IAC shares. Benchmark decreased their price target on shares of IAC from $105.00 to $100.00 and set a “buy” rating for the company in a report on Thursday, February 13th. Macquarie restated an “outperform” rating and set a $14.00 price target on shares of IAC in a report on Thursday, November 14th. TD Cowen decreased their price target on shares of IAC from $82.00 to $77.00 and set a “buy” rating for the company in a report on Wednesday, November 13th. Piper Sandler cut shares of IAC from an “overweight” rating to a “neutral” rating and decreased their price target for the company from $68.00 to $54.00 in a report on Tuesday, December 10th. Finally, KeyCorp upped their price target on shares of IAC from $60.00 to $64.00 and gave the company an “overweight” rating in a report on Tuesday, February 18th.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Sanctuary Advisors LLC raised its position in IAC by 581.3% in the third quarter. Sanctuary Advisors LLC now owns 98,307 shares of the company’s stock worth $5,291,000 after purchasing an additional 83,878 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in IAC by 5.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 948,112 shares of the company’s stock worth $51,027,000 after purchasing an additional 52,271 shares in the last quarter. Royce & Associates LP raised its position in IAC by 5.1% in the third quarter. Royce & Associates LP now owns 278,679 shares of the company’s stock worth $14,999,000 after purchasing an additional 13,400 shares in the last quarter. Teachers Retirement System of The State of Kentucky raised its position in IAC by 15.2% in the third quarter. Teachers Retirement System of The State of Kentucky now owns 334,267 shares of the company’s stock worth $17,990,000 after purchasing an additional 44,000 shares in the last quarter. Finally, Barclays PLC raised its position in IAC by 922.5% in the third quarter. Barclays PLC now owns 60,737 shares of the company’s stock worth $3,268,000 after purchasing an additional 54,797 shares in the last quarter. Institutional investors and hedge funds own 88.90% of the company’s stock.

IAC Stock Down 1.6 %

IAC stock opened at $45.63 on Friday. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.80 and a quick ratio of 2.75. IAC has a 52-week low of $39.61 and a 52-week high of $58.29. The company has a 50-day moving average of $43.09 and a two-hundred day moving average of $48.10. The stock has a market capitalization of $3.67 billion, a price-to-earnings ratio of -7.00 and a beta of 1.32.

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.