IAC’s (IAC) Outperform Rating Reiterated at Macquarie

Macquarie reissued their outperform rating on shares of IAC (NASDAQ:IAC) in a research report released on Thursday,Benzinga reports. They currently have a $14.00 target price on the stock.

Several other equities analysts have also issued reports on the company. TD Cowen decreased their target price on IAC from $82.00 to $77.00 and set a “buy” rating on the stock in a research note on Wednesday. UBS Group upgraded shares of IAC to a “hold” rating in a research note on Monday, October 28th. Barclays lowered their price objective on shares of IAC from $70.00 to $66.00 and set an “overweight” rating for the company in a research note on Wednesday. Citigroup dropped their price objective on shares of IAC from $70.00 to $66.00 and set a “buy” rating for the company in a report on Thursday, August 8th. Finally, Truist Financial reduced their target price on shares of IAC from $88.00 to $80.00 and set a “buy” rating on the stock in a report on Wednesday. Two equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $70.91.

IAC Price Performance

Shares of IAC opened at $46.95 on Thursday. The firm has a 50-day simple moving average of $51.97 and a two-hundred day simple moving average of $50.89. IAC has a 1-year low of $43.51 and a 1-year high of $58.29. The company has a current ratio of 2.75, a quick ratio of 2.68 and a debt-to-equity ratio of 0.30.

IAC (NASDAQ:IAC) last posted its earnings results on Tuesday, November 12th. The company reported ($2.93) earnings per share for the quarter, missing the consensus estimate of ($0.20) by ($2.73). IAC had a negative net margin of 0.34% and a negative return on equity of 5.63%. The company had revenue of $938.70 million during the quarter, compared to analyst estimates of $922.62 million. During the same quarter last year, the business posted ($0.30) EPS. The firm’s revenue for the quarter was down 15.5% on a year-over-year basis. On average, analysts anticipate that IAC will post -3.97 EPS for the current year.

Hedge Funds Weigh In On IAC

Large investors have recently bought and sold shares of the business. Geode Capital Management LLC lifted its holdings in IAC by 2.2% during the 3rd quarter. Geode Capital Management LLC now owns 1,217,480 shares of the company’s stock worth $65,541,000 after buying an additional 25,909 shares during the last quarter. Barclays PLC lifted its stake in IAC by 922.5% during the third quarter. Barclays PLC now owns 60,737 shares of the company’s stock worth $3,268,000 after purchasing an additional 54,797 shares during the last quarter. MML Investors Services LLC boosted its holdings in IAC by 20.5% in the third quarter. MML Investors Services LLC now owns 5,725 shares of the company’s stock valued at $308,000 after purchasing an additional 973 shares in the last quarter. State Street Corp increased its stake in IAC by 1.2% in the third quarter. State Street Corp now owns 2,360,210 shares of the company’s stock valued at $127,027,000 after purchasing an additional 28,577 shares during the last quarter. Finally, Quantinno Capital Management LP increased its stake in IAC by 28.9% in the third quarter. Quantinno Capital Management LP now owns 20,397 shares of the company’s stock valued at $1,098,000 after purchasing an additional 4,568 shares during the last quarter. 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.