IAC (NASDAQ:IAC) Downgraded to “Sell” Rating by Wall Street Zen

Wall Street Zen downgraded shares of IAC (NASDAQ:IAC) from a hold rating to a sell rating in a research note published on Saturday morning.

A number of other research analysts have also recently issued reports on IAC. UBS Group lifted their price objective on IAC from $42.00 to $49.00 and gave the company a “neutral” rating in a report on Wednesday. KeyCorp raised their target price on IAC from $41.00 to $51.00 and gave the company an “overweight” rating in a research note on Thursday, April 23rd. Jefferies Financial Group lowered IAC from a “buy” rating to a “hold” rating and set a $44.00 target price for the company. in a research note on Wednesday. Needham & Company LLC set a $57.00 target price on IAC in a research note on Tuesday, March 3rd. Finally, Barclays raised their target price on IAC from $48.00 to $55.00 and gave the company an “overweight” rating in a research note on Wednesday. Nine research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $53.14.

IAC Stock Up 2.2%

Shares of NASDAQ IAC opened at $44.06 on Friday. The stock has a market cap of $3.02 billion, a PE ratio of 119.08 and a beta of 1.03. The business has a fifty day moving average of $40.37 and a two-hundred day moving average of $37.82. IAC has a 52-week low of $29.56 and a 52-week high of $45.82. The company has a debt-to-equity ratio of 0.30, a quick ratio of 2.75 and a current ratio of 3.69.

Institutional Trading of IAC

A number of hedge funds and other institutional investors have recently made changes to their positions in IAC. Parallel Advisors LLC increased its position in IAC by 61.3% in the first quarter. Parallel Advisors LLC now owns 613 shares of the company’s stock worth $25,000 after purchasing an additional 233 shares during the period. Elevation Wealth Partners LLC acquired a new stake in IAC in the fourth quarter worth about $25,000. Hantz Financial Services Inc. increased its position in IAC by 173.4% in the fourth quarter. Hantz Financial Services Inc. now owns 782 shares of the company’s stock worth $31,000 after purchasing an additional 496 shares during the period. Advisory Services Network LLC acquired a new stake in IAC in the third quarter worth about $38,000. Finally, JFS Wealth Advisors LLC acquired a new stake in IAC in the third quarter worth about $39,000. 88.90% of the stock is currently owned by institutional investors and hedge funds.

IAC Company Profile

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.