IAC Inc. (NASDAQ:IAC) Receives $64.31 Consensus Target Price from Brokerages

IAC Inc. (NASDAQ:IAC) has been assigned an average rating of “Moderate Buy” from the thirteen brokerages that are presently covering the stock, Marketbeat.com reports. Two investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $64.31.

IAC has been the subject of several research reports. Citigroup raised their price objective on IAC from $56.00 to $58.00 and gave the stock a “buy” rating in a research note on Friday, January 31st. Benchmark decreased their price target on IAC from $105.00 to $100.00 and set a “buy” rating for the company in a research report on Thursday, February 13th. JMP Securities reduced their price objective on shares of IAC from $70.00 to $64.00 and set a “market outperform” rating for the company in a research note on Thursday, February 13th. KeyCorp lifted their target price on shares of IAC from $60.00 to $64.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 18th. Finally, JPMorgan Chase & Co. restated an “overweight” rating and set a $60.00 price target on shares of IAC in a report on Friday, March 21st.

IAC Trading Up 0.8 %

Shares of NASDAQ:IAC opened at $33.02 on Friday. 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 stock has a market capitalization of $2.56 billion, a price-to-earnings ratio of -5.06 and a beta of 1.24. IAC has a 1-year low of $32.05 and a 1-year high of $58.29. The company has a 50 day moving average price of $42.62 and a 200 day moving average price of $45.26.

Institutional Trading of IAC

Large investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its holdings in shares of IAC by 0.6% during the 4th quarter. Vanguard Group Inc. now owns 7,906,737 shares of the company’s stock valued at $341,097,000 after purchasing an additional 43,772 shares in the last quarter. Southeastern Asset Management Inc. TN raised its holdings in IAC by 21.3% during the fourth quarter. Southeastern Asset Management Inc. TN now owns 2,751,940 shares of the company’s stock valued at $118,719,000 after buying an additional 483,613 shares in the last quarter. Corvex Management LP raised its holdings in IAC by 61.8% during the fourth quarter. Corvex Management LP now owns 2,410,370 shares of the company’s stock valued at $103,983,000 after buying an additional 920,875 shares in the last quarter. State Street Corp lifted its position in shares of IAC by 1.2% in the third quarter. State Street Corp now owns 2,360,210 shares of the company’s stock worth $127,027,000 after buying an additional 28,577 shares during the last quarter. Finally, ArrowMark Colorado Holdings LLC boosted its stake in shares of IAC by 5.3% during the 4th quarter. ArrowMark Colorado Holdings LLC now owns 1,669,665 shares of the company’s stock worth $72,029,000 after acquiring an additional 84,121 shares in the last quarter. 88.90% of the stock is owned by institutional investors.

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.