IAC Inc. (NASDAQ:IAC) Receives $64.67 Average Target Price from Analysts

IAC Inc. (NASDAQ:IAC) has been assigned an average recommendation of “Moderate Buy” from the twelve analysts that are presently covering the company, MarketBeat Ratings reports. Two analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $64.67.

A number of brokerages have recently weighed in on IAC. KeyCorp lifted their price objective on IAC from $60.00 to $64.00 and gave the company an “overweight” rating in a research note on Tuesday, February 18th. Benchmark cut their price target on shares of IAC from $105.00 to $100.00 and set a “buy” rating on the stock in a research note on Thursday, February 13th. JMP Securities lowered their price objective on shares of IAC from $70.00 to $64.00 and set a “market outperform” rating for the company in a research note on Thursday, February 13th. Oppenheimer cut their target price on shares of IAC from $72.00 to $70.00 and set an “outperform” rating on the stock in a research note on Thursday, February 13th. Finally, Citigroup raised their price target on shares of IAC from $56.00 to $58.00 and gave the company a “buy” rating in a research report on Friday, January 31st.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the business. Sanctuary Advisors LLC lifted its stake in IAC by 581.3% during 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 during the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of IAC by 5.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 948,112 shares of the company’s stock worth $51,027,000 after buying an additional 52,271 shares during the last quarter. Applied Fundamental Research LLC boosted its holdings in shares of IAC by 12.1% in the 4th quarter. Applied Fundamental Research LLC now owns 416,194 shares of the company’s stock valued at $17,955,000 after buying an additional 44,835 shares in the last quarter. Teachers Retirement System of The State of Kentucky grew its position in shares of IAC by 15.2% in the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 334,267 shares of the company’s stock valued at $17,990,000 after buying an additional 44,000 shares during the last quarter. Finally, Barclays PLC raised its stake in IAC by 922.5% during the 3rd quarter. Barclays PLC now owns 60,737 shares of the company’s stock worth $3,268,000 after acquiring an additional 54,797 shares in the last quarter. 88.90% of the stock is owned by institutional investors and hedge funds.

IAC Stock Performance

NASDAQ:IAC opened at $48.54 on Tuesday. The stock has a market capitalization of $3.76 billion, a P/E ratio of -7.44 and a beta of 1.29. The company has a debt-to-equity ratio of 0.31, a quick ratio of 2.75 and a current ratio of 2.80. IAC has a fifty-two week low of $39.61 and a fifty-two week high of $58.29. The company has a 50 day moving average price of $44.10 and a 200 day moving average price of $47.39.

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.