KeyCorp Raises IAC (NASDAQ:IAC) Price Target to $64.00

IAC (NASDAQ:IAC) had its price objective upped by KeyCorp from $60.00 to $64.00 in a research note published on Tuesday,Benzinga reports. They currently have an overweight rating on the stock.

A number of other research analysts have also recently issued reports on the company. JMP Securities lowered their price objective on IAC from $70.00 to $64.00 and set a “market outperform” rating for the company in a research note on Thursday, February 13th. Truist Financial lowered their price target on IAC from $80.00 to $76.00 and set a “buy” rating for the company in a research report on Thursday, February 13th. Barclays dropped their price target on shares of IAC from $66.00 to $61.00 and set an “overweight” rating on the stock in a research note on Thursday, February 13th. Citigroup raised their price objective on shares of IAC from $56.00 to $58.00 and gave the company a “buy” rating in a research note on Friday, January 31st. Finally, Benchmark decreased their target price on shares of IAC from $105.00 to $100.00 and set a “buy” rating for the company in a report on Thursday, February 13th. Three investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $64.67.

IAC Price Performance

IAC stock opened at $46.37 on Tuesday. The company has a debt-to-equity ratio of 0.31, a quick ratio of 2.75 and a current ratio of 2.80. The firm has a 50 day moving average price of $43.06 and a 200-day moving average price of $48.09. IAC has a 52-week low of $39.61 and a 52-week high of $58.29. The firm has a market capitalization of $3.73 billion, a price-to-earnings ratio of -7.11 and a beta of 1.32.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Aster Capital Management DIFC Ltd grew its position in IAC by 287.4% in the 4th quarter. Aster Capital Management DIFC Ltd now owns 616 shares of the company’s stock worth $27,000 after purchasing an additional 457 shares during the period. Bank Julius Baer & Co. Ltd Zurich purchased a new position in shares of IAC in the 4th quarter worth $41,000. Quarry LP grew its holdings in shares of IAC by 408.9% in the third quarter. Quarry LP now owns 977 shares of the company’s stock worth $53,000 after acquiring an additional 785 shares during the period. MassMutual Private Wealth & Trust FSB lifted its holdings in IAC by 1,398.5% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 2,053 shares of the company’s stock valued at $89,000 after acquiring an additional 1,916 shares during the period. Finally, Aquatic Capital Management LLC bought a new position in IAC in the fourth quarter valued at about $135,000. Institutional investors own 88.90% of the company’s stock.

About IAC

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.