IAC (NASDAQ:IAC) Downgraded to “Sell” Rating by Wall Street Zen

Wall Street Zen lowered shares of IAC (NASDAQ:IAC) from a hold rating to a sell rating in a research report released on Saturday morning.

A number of other research analysts also recently weighed in on IAC. Truist Financial lowered their price target on IAC from $57.00 to $52.00 and set a “buy” rating on the stock in a report on Wednesday, November 5th. UBS Group reaffirmed a “neutral” rating and set a $42.00 target price on shares of IAC in a research note on Friday. Jefferies Financial Group upped their target price on IAC from $41.00 to $45.00 and gave the company a “buy” rating in a report on Thursday, December 11th. Barclays decreased their price target on shares of IAC from $52.00 to $48.00 and set an “overweight” rating for the company in a report on Wednesday, November 5th. Finally, Oppenheimer downgraded shares of IAC from an “outperform” rating to a “market perform” rating in a research report on Monday, December 15th. Ten investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $46.92.

IAC Stock Performance

IAC stock opened at $35.65 on Friday. IAC has a fifty-two week low of $29.56 and a fifty-two week high of $50.49. The firm’s 50 day simple moving average is $38.53 and its 200-day simple moving average is $36.24. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.75 and a quick ratio of 2.56. The company has a market cap of $2.55 billion, a P/E ratio of -26.80 and a beta of 1.12.

IAC (NASDAQ:IAC) last issued its quarterly earnings results on Tuesday, February 3rd. The company reported ($0.99) EPS for the quarter, missing the consensus estimate 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 analysts’ expectations of $641.01 million. During the same quarter last year, the company posted ($2.39) EPS. The firm’s revenue was down 34.7% compared to the same quarter last year. As a group, equities research analysts predict that IAC will post 0.43 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of IAC. Elevation Wealth Partners LLC acquired a new stake in shares of IAC in the 4th quarter valued at $25,000. Advisory Services Network LLC acquired a new position in IAC during the third quarter worth $38,000. JFS Wealth Advisors LLC bought a new position in IAC during the third quarter valued at about $39,000. North Capital Inc. acquired a new stake in shares of IAC in the second quarter worth about $75,000. Finally, Skandinaviska Enskilda Banken AB publ bought a new stake in shares of IAC during the 2nd quarter worth about $83,000. Institutional investors and hedge funds own 88.90% of the company’s stock.

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.