IAC (NASDAQ:IAC) Price Target Lowered to $54.00 at UBS Group

IAC (NASDAQ:IAC) had its price objective decreased by UBS Group from $55.00 to $54.00 in a report issued on Thursday morning,Benzinga reports. UBS Group currently has a neutral rating on the stock.

IAC has been the topic of several other research reports. Truist Financial cut their price objective on IAC from $80.00 to $76.00 and set a “buy” rating on the stock in a research note on Thursday. Macquarie restated an “outperform” rating and set a $14.00 price objective on shares of IAC in a research note on Thursday, November 14th. Benchmark reissued a “buy” rating and set a $110.00 target price on shares of IAC in a report on Tuesday, November 12th. Citigroup lifted their price target on shares of IAC from $56.00 to $58.00 and gave the company a “buy” rating in a report on Friday, January 31st. Finally, Piper Sandler lowered shares of IAC from an “overweight” rating to a “neutral” rating and dropped their price objective for the stock from $68.00 to $54.00 in a research note on Tuesday, December 10th. Three analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat, IAC currently has an average rating of “Moderate Buy” and a consensus price target of $64.33.

IAC Trading Up 10.6 %

NASDAQ IAC opened at $47.97 on Thursday. The company has a market capitalization of $3.86 billion, a price-to-earnings ratio of -111.56 and a beta of 1.32. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.75 and a quick ratio of 2.75. IAC has a 12 month low of $39.61 and a 12 month high of $58.29. The company’s fifty day moving average price is $43.10 and its two-hundred day moving average price is $48.21.

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

Institutional Investors Weigh In On IAC

Several large investors have recently made changes to their positions in IAC. Vanguard Group Inc. grew its stake in shares of IAC by 0.6% in the fourth quarter. Vanguard Group Inc. now owns 7,906,737 shares of the company’s stock worth $341,097,000 after purchasing an additional 43,772 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in IAC by 2.4% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,847,499 shares of the company’s stock valued at $153,252,000 after buying an additional 66,347 shares in the last quarter. State Street Corp increased its stake in IAC by 1.2% during the 3rd quarter. State Street Corp now owns 2,360,210 shares of the company’s stock valued at $127,027,000 after buying an additional 28,577 shares during the period. Thompson Siegel & Walmsley LLC raised its position in shares of IAC by 9.0% during the 4th quarter. Thompson Siegel & Walmsley LLC now owns 1,583,367 shares of the company’s stock worth $68,306,000 after buying an additional 130,604 shares in the last quarter. Finally, Geode Capital Management LLC lifted its stake in shares of IAC by 2.2% in the 3rd quarter. Geode Capital Management LLC now owns 1,217,480 shares of the company’s stock worth $65,541,000 after acquiring an additional 25,909 shares during the period. Institutional investors and hedge funds 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.