Brokerages Set IAC Inc. (NASDAQ:IAC) Price Target at $53.14

Shares of IAC Inc. (NASDAQ:IAC) have earned a consensus rating of “Moderate Buy” from the fifteen ratings firms that are currently covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and nine have issued a buy rating on the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $53.1429.

A number of research analysts have recently commented on IAC shares. KeyCorp increased their target price on shares of IAC from $41.00 to $51.00 and gave the stock an “overweight” rating in a report on Thursday, April 23rd. Jefferies Financial Group cut shares of IAC from a “buy” rating to a “hold” rating and set a $44.00 target price for the company. in a report on Wednesday, May 6th. Weiss Ratings upgraded IAC from a “sell (d-)” rating to a “sell (d)” rating in a research note on Wednesday, May 6th. Zacks Research upgraded IAC from a “strong sell” rating to a “hold” rating in a research note on Wednesday, March 11th. Finally, Citigroup increased their price target on IAC from $44.00 to $48.00 and gave the company a “buy” rating in a research note on Wednesday, May 6th.

IAC Trading Up 0.6%

IAC opened at $41.17 on Friday. IAC has a twelve month low of $29.56 and a twelve month high of $45.82. The company has a 50-day simple moving average of $41.01 and a 200 day simple moving average of $38.37. The company has a quick ratio of 3.69, a current ratio of 3.69 and a debt-to-equity ratio of 0.30. The stock has a market capitalization of $2.82 billion, a price-to-earnings ratio of 111.27 and a beta of 1.03.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the business. Tudor Investment Corp ET AL bought a new stake in IAC in the 3rd quarter valued at about $6,050,000. AlphaQuest LLC increased its position in IAC by 1,127.5% in the 3rd quarter. AlphaQuest LLC now owns 41,257 shares of the company’s stock valued at $1,406,000 after buying an additional 37,896 shares in the last quarter. UBS Group AG increased its position in IAC by 11.4% in the 4th quarter. UBS Group AG now owns 781,195 shares of the company’s stock valued at $30,545,000 after buying an additional 79,755 shares in the last quarter. Public Sector Pension Investment Board increased its stake in IAC by 8.7% during the 3rd quarter. Public Sector Pension Investment Board now owns 504,604 shares of the company’s stock valued at $17,192,000 after purchasing an additional 40,468 shares in the last quarter. Finally, Highbridge Capital Management LLC increased its stake in IAC by 68.9% during the 3rd quarter. Highbridge Capital Management LLC now owns 484,325 shares of the company’s stock valued at $16,501,000 after purchasing an additional 197,590 shares in the last quarter. 88.90% of the stock is owned by institutional investors.

About IAC

IAC (NASDAQ: IAC) is a publicly traded holding company headquartered in New York City that builds and invests in consumer-focused internet businesses. Through its portfolio of digital media brands, online marketplaces and subscription services, IAC delivers content and connections across a range of verticals, including lifestyle, finance, home services and personal care. The company’s operations span North America and parts of Europe, where its brands reach millions of visitors each month.

In the digital publishing space, IAC’s Dotdash Meredith division develops original content and data?driven journalism across more than a dozen specialty sites.