IAC (NASDAQ:IAC) Shares Up 5.3% – Still a Buy?

IAC Inc. (NASDAQ:IAC) shares traded up 5.3% during trading on Monday . The company traded as high as $47.15 and last traded at $46.94. 88,377 shares changed hands during trading, a decline of 88% from the average session volume of 740,975 shares. The stock had previously closed at $44.56.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the company. UBS Group decreased their price objective on IAC from $55.00 to $54.00 and set a “neutral” rating for the company in a report on Thursday, February 13th. Citigroup boosted their price objective on IAC from $56.00 to $58.00 and gave the stock a “buy” rating in a report on Friday, January 31st. Benchmark decreased their price objective on IAC from $105.00 to $100.00 and set a “buy” rating for the company in a report on Thursday, February 13th. Oppenheimer cut their target price on IAC from $72.00 to $70.00 and set an “outperform” rating on the stock in a research note on Thursday, February 13th. Finally, Truist Financial cut their target price on IAC from $80.00 to $76.00 and set a “buy” rating on the stock in a research note on Thursday, February 13th. Three analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat.com, IAC currently has a consensus rating of “Moderate Buy” and a consensus price target of $64.67.

IAC Trading Down 0.4 %

The company has a quick ratio of 2.75, a current ratio of 2.80 and a debt-to-equity ratio of 0.31. The firm has a 50 day moving average of $43.83 and a 200 day moving average of $47.37. The firm has a market cap of $3.64 billion, a PE ratio of -7.20 and a beta of 1.29.

Hedge Funds Weigh In On IAC

Several institutional investors have recently bought and sold shares of IAC. Atria Investments Inc raised its holdings in IAC by 15.8% during the 3rd quarter. Atria Investments Inc now owns 5,444 shares of the company’s stock valued at $293,000 after acquiring an additional 743 shares during the period. Victory Capital Management Inc. raised its holdings in IAC by 1.6% during the 3rd quarter. Victory Capital Management Inc. now owns 31,686 shares of the company’s stock valued at $1,705,000 after acquiring an additional 490 shares during the period. Oppenheimer Asset Management Inc. raised its holdings in IAC by 2.8% during the 3rd quarter. Oppenheimer Asset Management Inc. now owns 21,913 shares of the company’s stock valued at $1,179,000 after acquiring an additional 597 shares during the period. Natixis Advisors LLC raised its holdings in IAC by 1.5% during the 3rd quarter. Natixis Advisors LLC now owns 83,100 shares of the company’s stock valued at $4,472,000 after acquiring an additional 1,199 shares during the period. Finally, Quest Partners LLC raised its holdings in IAC by 2,546.5% during the 3rd quarter. Quest Partners LLC now owns 21,701 shares of the company’s stock valued at $1,168,000 after acquiring an additional 20,881 shares during the period. Hedge funds and other institutional investors own 88.90% of the company’s stock.

IAC Company Profile

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.