IAC’s (IAC) Overweight Rating Reaffirmed at JPMorgan Chase & Co.

IAC (NASDAQ:IAC)‘s stock had its “overweight” rating reiterated by JPMorgan Chase & Co. in a research report issued to clients and investors on Friday,Benzinga reports. They currently have a $60.00 target price on the stock. JPMorgan Chase & Co.‘s target price points to a potential upside of 23.61% from the company’s current price.

Several other brokerages have also commented on IAC. Truist Financial reduced their price objective on IAC from $80.00 to $76.00 and set a “buy” rating on the stock in a research report on Thursday, February 13th. Citigroup increased their price target on shares of IAC from $56.00 to $58.00 and gave the company a “buy” rating in a research report on Friday, January 31st. Barclays decreased their price target on shares of IAC from $66.00 to $61.00 and set an “overweight” rating on the stock in a research note on Thursday, February 13th. KeyCorp upped their price objective on shares of IAC from $60.00 to $64.00 and gave the company an “overweight” rating in a research note on Tuesday, February 18th. Finally, Oppenheimer decreased their target price on shares of IAC from $72.00 to $70.00 and set an “outperform” rating on the stock in a research report on Thursday, February 13th. Three equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat.com, IAC presently has a consensus rating of “Moderate Buy” and a consensus price target of $64.31.

IAC Stock Up 0.5 %

Shares of NASDAQ:IAC opened at $48.54 on Friday. The firm has a market capitalization of $3.76 billion, a PE ratio of -7.44 and a beta of 1.29. The company has a debt-to-equity ratio of 0.31, a quick ratio of 2.75 and a current ratio of 2.80. IAC has a 52-week low of $39.61 and a 52-week high of $58.29. The firm has a fifty day moving average of $44.10 and a 200 day moving average of $47.39.

Hedge Funds Weigh In On IAC

Institutional investors have recently added to or reduced their stakes in the company. Sanctuary Advisors LLC grew its position in shares of IAC by 581.3% in the 3rd quarter. Sanctuary Advisors LLC now owns 98,307 shares of the company’s stock worth $5,291,000 after buying an additional 83,878 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in IAC by 5.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 948,112 shares of the company’s stock worth $51,027,000 after acquiring an additional 52,271 shares in the last quarter. Applied Fundamental Research LLC grew its holdings in IAC by 12.1% in the fourth quarter. Applied Fundamental Research LLC now owns 416,194 shares of the company’s stock worth $17,955,000 after purchasing an additional 44,835 shares during the period. Teachers Retirement System of The State of Kentucky increased its stake in shares of IAC by 15.2% during the third quarter. Teachers Retirement System of The State of Kentucky now owns 334,267 shares of the company’s stock valued at $17,990,000 after purchasing an additional 44,000 shares in the last quarter. Finally, Barclays PLC lifted its holdings in shares of IAC by 922.5% during the third quarter. Barclays PLC now owns 60,737 shares of the company’s stock valued at $3,268,000 after purchasing an additional 54,797 shares during the last quarter. 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.