Analysts Set IAC Inc. (NASDAQ:IAC) PT at $64.67

Shares of IAC Inc. (NASDAQ:IAC) have been assigned a consensus rating of “Moderate Buy” from the twelve brokerages that are covering the firm, MarketBeat Ratings reports. Two analysts have rated the stock with a hold recommendation and ten have issued a buy recommendation on the company. The average 12-month price target among analysts that have covered the stock in the last year is $64.67.

A number of equities research analysts have recently commented on IAC shares. Citigroup increased their target price on IAC from $56.00 to $58.00 and gave the stock a “buy” rating in a research note on Friday, January 31st. Piper Sandler downgraded shares of IAC from an “overweight” rating to a “neutral” rating and dropped their target price for the stock from $68.00 to $54.00 in a research note on Tuesday, December 10th. JMP Securities decreased their price objective on shares of IAC from $70.00 to $64.00 and set a “market outperform” rating for the company in a report on Thursday, February 13th. TD Cowen cut 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, November 13th. Finally, Macquarie reaffirmed an “outperform” rating and set a $14.00 price target on shares of IAC in a report on Thursday, November 14th.

IAC Stock Performance

Shares of IAC opened at $46.56 on Friday. IAC has a 52 week low of $39.61 and a 52 week high of $58.29. 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 stock has a market cap of $3.75 billion, a P/E ratio of -7.14 and a beta of 1.32. The business’s 50 day moving average price is $43.31 and its 200-day moving average price is $48.02.

Institutional Trading of IAC

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Aster Capital Management DIFC Ltd lifted its position in shares of IAC by 287.4% during the 4th 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 in the last quarter. Bank Julius Baer & Co. Ltd Zurich bought a new stake in IAC during the 4th quarter worth approximately $41,000. Quarry LP lifted its holdings in IAC by 408.9% during the third quarter. Quarry LP now owns 977 shares of the company’s stock valued at $53,000 after purchasing an additional 785 shares in the last quarter. MassMutual Private Wealth & Trust FSB boosted its position in shares of IAC by 1,398.5% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 2,053 shares of the company’s stock worth $89,000 after purchasing an additional 1,916 shares during the period. Finally, Aquatic Capital Management LLC bought a new position in shares of IAC in the fourth quarter worth approximately $135,000. 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.