IAC Inc. (NASDAQ:IAC) Receives Average Recommendation of “Moderate Buy” from Brokerages

Shares of IAC Inc. (NASDAQ:IAC) have received an average recommendation of “Moderate Buy” from the thirteen brokerages that are currently covering the company, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold recommendation and eleven have assigned a buy recommendation to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $64.31.

Several analysts have recently weighed in on the stock. UBS Group lowered their price objective on shares of IAC from $55.00 to $54.00 and set a “neutral” rating on the stock in a research report on Thursday, February 13th. JMP Securities decreased their price objective on IAC from $70.00 to $64.00 and set a “market outperform” rating on the stock in a report on Thursday, February 13th. Barclays reduced their price target on shares of IAC from $66.00 to $61.00 and set an “overweight” rating on the stock in a research report on Thursday, February 13th. Benchmark lowered their price objective 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. Finally, JPMorgan Chase & Co. reiterated an “overweight” rating and issued a $60.00 target price on shares of IAC in a research report on Friday.

Hedge Funds Weigh In On IAC

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

IAC Trading Up 3.3 %

Shares of IAC opened at $50.00 on Tuesday. IAC has a 1-year low of $39.61 and a 1-year high of $58.29. The company has a market capitalization of $3.87 billion, a P/E ratio of -7.67 and a beta of 1.29. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.80 and a quick ratio of 2.75. The firm’s 50 day simple moving average is $44.42 and its 200 day simple moving average is $47.29.

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.