IAC (NASDAQ:IAC) Shares Up 5.3% – Should You Buy?

IAC Inc. (NASDAQ:IAC) shares shot up 5.3% during mid-day trading on Monday . The stock traded as high as $47.15 and last traded at $46.94. 88,377 shares changed hands during trading, a decline of 88% from the average session volume of 740,975 shares. The stock had previously closed at $44.56.

Analyst Ratings Changes

IAC has been the topic of several research analyst reports. UBS Group reduced their price target on shares of IAC from $55.00 to $54.00 and set a “neutral” rating on the stock in a research report on Thursday, February 13th. Citigroup lifted their price objective on IAC from $56.00 to $58.00 and gave the company a “buy” rating in a research note on Friday, January 31st. KeyCorp increased their price objective on shares of IAC from $60.00 to $64.00 and gave the company an “overweight” rating in a research report on Tuesday, February 18th. Barclays reduced their target price on IAC from $66.00 to $61.00 and set an “overweight” rating for the company in a report on Thursday, February 13th. Finally, Benchmark decreased their price objective on shares of IAC from $105.00 to $100.00 and set a “buy” rating for the company in a report on Thursday, February 13th. Three equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $64.67.

IAC Price Performance

The firm has a market capitalization of $3.60 billion, a P/E ratio of -7.12 and a beta of 1.29. The stock’s 50 day simple moving average is $43.68 and its 200 day simple moving average is $47.45. The company has a debt-to-equity ratio of 0.31, a quick ratio of 2.75 and a current ratio of 2.80.

Institutional Trading of IAC

Large investors have recently bought and sold shares of the stock. Aster Capital Management DIFC Ltd raised its holdings in 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 purchasing an additional 457 shares during the period. Bank Julius Baer & Co. Ltd Zurich purchased a new stake in shares of IAC in the fourth quarter valued at about $41,000. Quarry LP increased its stake in IAC by 408.9% during the third quarter. Quarry LP now owns 977 shares of the company’s stock worth $53,000 after acquiring an additional 785 shares during the last quarter. MassMutual Private Wealth & Trust FSB increased its position in shares of IAC by 1,398.5% during 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 during the last quarter. Finally, Aquatic Capital Management LLC purchased a new position in shares of IAC during the fourth quarter worth $135,000. 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.