IAC (NASDAQ:IAC) Given New $100.00 Price Target at Benchmark

IAC (NASDAQ:IAC) had its price objective decreased by Benchmark from $105.00 to $100.00 in a research note released on Thursday,Benzinga reports. Benchmark currently has a buy rating on the stock.

IAC has been the topic of several other research reports. Truist Financial reduced their price target on shares of IAC from $80.00 to $76.00 and set a “buy” rating on the stock in a research report on Thursday. TD Cowen lowered their target price on shares of IAC from $82.00 to $77.00 and set a “buy” rating for the company in a report on Wednesday, November 13th. JMP Securities dropped their target price on IAC from $70.00 to $64.00 and set a “market outperform” rating on the stock in a report on Thursday. Barclays dropped their target price on shares of IAC from $66.00 to $61.00 and set an “overweight” rating on the stock in a research note on Thursday. Finally, KeyCorp reduced their target price on IAC from $66.00 to $60.00 and set an “overweight” rating for the company in a report on Wednesday, November 20th. Three analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat.com, IAC has an average rating of “Moderate Buy” and an average price target of $64.33.

IAC Stock Up 10.6 %

Shares of IAC stock opened at $47.97 on Thursday. The stock has a market capitalization of $3.86 billion, a price-to-earnings ratio of -111.56 and a beta of 1.32. IAC has a 52-week low of $39.61 and a 52-week high of $58.29. The company has a debt-to-equity ratio of 0.30, a quick ratio of 2.75 and a current ratio of 2.75. The company’s 50 day moving average price is $43.10 and its 200-day moving average price is $48.21.

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

Institutional Investors Weigh In On IAC

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Commonwealth Equity Services LLC increased its holdings in IAC by 2.9% in the 4th quarter. Commonwealth Equity Services LLC now owns 11,532 shares of the company’s stock valued at $497,000 after acquiring an additional 320 shares during the last quarter. Nisa Investment Advisors LLC lifted its position in IAC by 2.7% during the third quarter. Nisa Investment Advisors LLC now owns 15,475 shares of the company’s stock valued at $833,000 after purchasing an additional 405 shares during the last quarter. Aster Capital Management DIFC Ltd grew its stake in shares of IAC by 287.4% in the 4th quarter. Aster Capital Management DIFC Ltd now owns 616 shares of the company’s stock worth $27,000 after buying an additional 457 shares in the last quarter. Victory Capital Management Inc. increased its stake in IAC by 1.6% during the third quarter. Victory Capital Management Inc. now owns 31,686 shares of the company’s stock worth $1,705,000 after acquiring an additional 490 shares during the last quarter. Finally, GAMMA Investing LLC raised its position in IAC by 98.8% during the third quarter. GAMMA Investing LLC now owns 990 shares of the company’s stock valued at $53,000 after purchasing an additional 492 shares during the period. 88.90% of the stock is currently owned by hedge funds and other institutional investors.

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.