Brokerages Set IAC Inc. (NASDAQ:IAC) PT at $46.83

IAC Inc. (NASDAQ:IAC) has earned a consensus recommendation of “Moderate Buy” from the fifteen research firms that are presently covering the stock, Marketbeat Ratings reports. Two analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation and ten have assigned a buy recommendation to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $47.6154.

A number of analysts have recently weighed in on the stock. Weiss Ratings reiterated a “sell (d-)” rating on shares of IAC in a research note on Thursday, January 22nd. Zacks Research cut IAC from a “hold” rating to a “strong sell” rating in a report on Tuesday, February 10th. Oppenheimer downgraded IAC from an “outperform” rating to a “market perform” rating in a research note on Monday, December 15th. UBS Group reiterated a “neutral” rating and set a $42.00 price target on shares of IAC in a research report on Friday, February 6th. Finally, Benchmark restated a “buy” rating on shares of IAC in a research report on Tuesday.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of IAC. Elevation Wealth Partners LLC acquired a new position in shares of IAC during the fourth quarter valued at approximately $25,000. Hantz Financial Services Inc. boosted its stake in shares of IAC by 173.4% in the fourth quarter. Hantz Financial Services Inc. now owns 782 shares of the company’s stock worth $31,000 after acquiring an additional 496 shares during the last quarter. Advisory Services Network LLC purchased a new stake in shares of IAC during the third quarter worth approximately $38,000. JFS Wealth Advisors LLC acquired a new position in IAC in the 3rd quarter valued at $39,000. Finally, Quarry LP acquired a new position in IAC in the 4th quarter valued at $59,000. Institutional investors and hedge funds own 88.90% of the company’s stock.

IAC Stock Performance

Shares of IAC opened at $38.74 on Tuesday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 2.75 and a current ratio of 2.75. The stock has a 50-day moving average of $37.90 and a two-hundred day moving average of $36.13. The stock has a market cap of $2.76 billion, a P/E ratio of -29.13 and a beta of 1.09. IAC has a one year low of $29.56 and a one year high of $50.49.

IAC (NASDAQ:IAC) last announced its quarterly earnings data on Tuesday, February 3rd. The company reported ($0.99) earnings per share for the quarter, missing analysts’ consensus estimates of $0.67 by ($1.66). IAC had a negative net margin of 4.35% and a negative return on equity of 2.43%. The firm had revenue of $645.98 million during the quarter, compared to analyst estimates of $641.01 million. During the same period in the prior year, the company posted ($2.39) earnings per share. The firm’s revenue for the quarter was down 34.7% on a year-over-year basis. As a group, research analysts predict that IAC will post 0.43 EPS for the current year.

IAC Company Profile

IAC (NASDAQ: IAC) is a publicly traded holding company headquartered in New York City that builds and invests in consumer-focused internet businesses. Through its portfolio of digital media brands, online marketplaces and subscription services, IAC delivers content and connections across a range of verticals, including lifestyle, finance, home services and personal care. The company’s operations span North America and parts of Europe, where its brands reach millions of visitors each month.

In the digital publishing space, IAC’s Dotdash Meredith division develops original content and data‐driven journalism across more than a dozen specialty sites.