IAC Inc. (NASDAQ:IAC) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of IAC Inc. (NASDAQ:IAC) have received a consensus recommendation of “Moderate Buy” from the fourteen ratings firms that are covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, three have given a hold rating and ten have assigned a buy rating to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $46.8333.

Several equities research analysts recently weighed in on the company. KeyCorp reduced their target price on IAC from $45.00 to $41.00 and set an “overweight” rating for the company in a report on Monday, November 3rd. JPMorgan Chase & Co. lifted their price target on shares of IAC from $43.00 to $46.00 and gave the company an “overweight” rating in a research report on Friday, December 12th. UBS Group reaffirmed a “neutral” rating and set a $42.00 price objective on shares of IAC in a report on Friday. Weiss Ratings reiterated a “sell (d-)” rating on shares of IAC in a report on Thursday, January 22nd. Finally, Wall Street Zen cut shares of IAC from a “hold” rating to a “sell” rating in a report on Saturday.

IAC Stock Performance

IAC stock opened at $36.47 on Friday. The firm has a 50 day moving average of $38.55 and a two-hundred day moving average of $36.14. IAC has a 12 month low of $29.56 and a 12 month high of $50.49. The company has a market capitalization of $2.61 billion, a price-to-earnings ratio of -27.42 and a beta of 1.12. The company has a quick ratio of 2.56, a current ratio of 2.75 and a debt-to-equity ratio of 0.29.

IAC (NASDAQ:IAC) last released its quarterly earnings data on Tuesday, February 3rd. The company reported ($0.99) earnings per share (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 business had revenue of $645.98 million during the quarter, compared to analyst estimates of $641.01 million. During the same period in the previous year, the firm posted ($2.39) EPS. The firm’s revenue for the quarter was down 34.7% on a year-over-year basis. As a group, equities analysts anticipate that IAC will post 0.43 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the business. Quantbot Technologies LP acquired a new position in IAC during the 2nd quarter valued at $2,924,000. Permanent Capital Management LP bought a new position in shares of IAC during the 3rd quarter worth about $1,732,000. Levin Capital Strategies L.P. increased its holdings in shares of IAC by 503.3% during the 2nd quarter. Levin Capital Strategies L.P. now owns 430,552 shares of the company’s stock worth $16,077,000 after purchasing an additional 359,180 shares during the period. JPMorgan Chase & Co. raised its position in shares of IAC by 20.5% during the second quarter. JPMorgan Chase & Co. now owns 6,568,927 shares of the company’s stock valued at $245,284,000 after buying an additional 1,117,313 shares during the last quarter. Finally, AlphaQuest LLC lifted its stake in shares of IAC by 1,127.5% in the third quarter. AlphaQuest LLC now owns 41,257 shares of the company’s stock valued at $1,406,000 after buying an additional 37,896 shares during the period. 88.90% of the stock is owned by institutional investors.

About IAC

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.