JMP Securities Issues Pessimistic Forecast for IAC (NASDAQ:IAC) Stock Price

IAC (NASDAQ:IAC) had its price target cut by JMP Securities from $70.00 to $64.00 in a report released on Thursday,Benzinga reports. They currently have a market outperform rating on the stock.

Other research analysts also recently issued reports about the company. Barclays dropped their price objective on IAC from $66.00 to $61.00 and set an “overweight” rating on the stock in a research note on Thursday. UBS Group dropped their price target on IAC from $55.00 to $54.00 and set a “neutral” rating on the stock in a research note on Thursday. Benchmark reaffirmed a “buy” rating and set a $110.00 price target on shares of IAC in a research note on Tuesday, November 12th. Piper Sandler downgraded IAC from an “overweight” rating to a “neutral” rating and dropped their price target for the stock from $68.00 to $54.00 in a research note on Tuesday, December 10th. Finally, Macquarie reaffirmed an “outperform” rating and set a $14.00 price target on shares of IAC in a research note on Thursday, November 14th. Three research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $64.33.

IAC Stock Down 2.1 %

Shares of NASDAQ:IAC opened at $46.99 on Thursday. The company has a market capitalization of $3.78 billion, a price-to-earnings ratio of -109.26 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. The business’s 50-day moving average is $43.08 and its 200-day moving average is $48.18. IAC has a 1 year low of $39.61 and a 1 year high of $58.29.

Institutional Trading of IAC

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Aster Capital Management DIFC Ltd grew its holdings in shares of IAC by 287.4% in the fourth quarter. Aster Capital Management DIFC Ltd now owns 616 shares of the company’s stock valued at $27,000 after acquiring an additional 457 shares in the last quarter. Bank Julius Baer & Co. Ltd Zurich bought a new position in shares of IAC in the fourth quarter valued at approximately $41,000. GAMMA Investing LLC grew 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 acquiring an additional 492 shares in the last quarter. Quarry LP grew its holdings in shares of IAC by 408.9% in the third quarter. Quarry LP now owns 977 shares of the company’s stock valued at $53,000 after acquiring an additional 785 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB grew its holdings in shares of IAC by 1,398.5% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 2,053 shares of the company’s stock valued at $89,000 after acquiring an additional 1,916 shares in the last quarter. 88.90% of the stock is owned by institutional investors.

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.