IAC’s (IAC) Market Outperform Rating Reiterated at JMP Securities

JMP Securities reaffirmed their market outperform rating on shares of IAC (NASDAQ:IAC) in a report published on Monday morning,Benzinga reports. The brokerage currently has a $70.00 price objective on the stock.

A number of other equities research analysts have also issued reports on the company. Benchmark reaffirmed a “buy” rating and issued a $110.00 price target on shares of IAC in a research report on Tuesday, November 12th. Macquarie reaffirmed an “outperform” rating and issued a $14.00 target price on shares of IAC in a report on Thursday, November 14th. KeyCorp lowered their price target on shares of IAC from $66.00 to $60.00 and set an “overweight” rating for the company in a report on Wednesday, November 20th. TD Cowen reduced their price objective on shares of IAC from $82.00 to $77.00 and set a “buy” rating on the stock in a report on Wednesday, November 13th. Finally, Truist Financial lowered their target price on shares of IAC from $88.00 to $80.00 and set a “buy” rating for the company in a research note on Wednesday, November 13th. Three analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $68.33.

IAC Trading Down 4.3 %

Shares of IAC stock opened at $42.21 on Monday. IAC has a fifty-two week low of $42.15 and a fifty-two week high of $58.29. The company has a 50 day moving average price of $49.38 and a 200 day moving average price of $49.92. The stock has a market capitalization of $3.40 billion, a P/E ratio of -98.16 and a beta of 1.31. The company has a debt-to-equity ratio of 0.30, a quick ratio of 2.75 and a current ratio of 2.75.

IAC (NASDAQ:IAC) last posted its quarterly earnings results on Tuesday, November 12th. The company reported ($2.93) EPS for the quarter, missing the consensus estimate of ($0.20) by ($2.73). The business had revenue of $938.70 million during the quarter, compared to analyst estimates of $922.62 million. IAC had a negative return on equity of 5.63% and a negative net margin of 0.34%. The business’s revenue was down 15.5% on a year-over-year basis. During the same quarter last year, the firm earned ($0.30) EPS. Equities research analysts predict that IAC will post -3.97 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the company. Greenwich Wealth Management LLC grew its position in shares of IAC by 3.0% during the second quarter. Greenwich Wealth Management LLC now owns 9,635 shares of the company’s stock worth $451,000 after acquiring an additional 284 shares during the last quarter. Nisa Investment Advisors LLC boosted its stake in IAC by 2.7% during the 3rd quarter. Nisa Investment Advisors LLC now owns 15,475 shares of the company’s stock worth $833,000 after purchasing an additional 405 shares during the period. CWM LLC grew its position in IAC by 55.6% during the 2nd quarter. CWM LLC now owns 1,142 shares of the company’s stock worth $54,000 after purchasing an additional 408 shares during the last quarter. Victory Capital Management Inc. increased its stake in IAC by 1.6% in the third quarter. Victory Capital Management Inc. now owns 31,686 shares of the company’s stock valued at $1,705,000 after purchasing an additional 490 shares during the period. Finally, GAMMA Investing LLC raised its holdings in shares of IAC by 98.8% in the third quarter. GAMMA Investing LLC now owns 990 shares of the company’s stock valued at $53,000 after buying an additional 492 shares during the last quarter. Hedge funds and other institutional investors own 88.90% of the company’s stock.

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.