IAC Inc. (NASDAQ:IAC – Get Free Report) has received a consensus recommendation of “Moderate Buy” from the fifteen brokerages that are covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, five have given a hold recommendation and nine have issued a buy recommendation on the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $53.1429.
IAC has been the subject of a number of analyst reports. Piper Sandler set a $52.00 target price on shares of IAC in a report on Thursday, May 7th. Zacks Research raised shares of IAC from a “strong sell” rating to a “hold” rating in a report on Wednesday, March 11th. KeyCorp lifted their target price on shares of IAC from $41.00 to $51.00 and gave the stock an “overweight” rating in a report on Thursday, April 23rd. Benchmark lifted their target price on shares of IAC from $57.00 to $60.00 and gave the stock a “buy” rating in a report on Wednesday, April 29th. Finally, Needham & Company LLC set a $57.00 target price on shares of IAC in a report on Tuesday, March 3rd.
Read Our Latest Stock Report on IAC
IAC Price Performance
Institutional Trading of IAC
A number of institutional investors have recently bought and sold shares of IAC. Aristeia Capital L.L.C. boosted its position in shares of IAC by 100.7% during the fourth quarter. Aristeia Capital L.L.C. now owns 5,702,459 shares of the company’s stock worth $222,966,000 after purchasing an additional 2,861,871 shares in the last quarter. Corvex Management LP boosted its position in shares of IAC by 20.3% during the fourth quarter. Corvex Management LP now owns 3,355,075 shares of the company’s stock worth $131,183,000 after purchasing an additional 566,696 shares in the last quarter. Bank of Montreal Can boosted its position in shares of IAC by 42,721.4% during the fourth quarter. Bank of Montreal Can now owns 3,128,104 shares of the company’s stock worth $122,309,000 after purchasing an additional 3,120,799 shares in the last quarter. Davis Selected Advisers boosted its position in shares of IAC by 12.1% during the fourth quarter. Davis Selected Advisers now owns 2,514,072 shares of the company’s stock worth $98,301,000 after purchasing an additional 270,383 shares in the last quarter. Finally, Patient Capital Management LLC boosted its position in shares of IAC by 12.6% during the fourth quarter. Patient Capital Management LLC now owns 2,374,050 shares of the company’s stock worth $92,825,000 after purchasing an additional 265,805 shares in the last quarter. Institutional investors and hedge funds own 88.90% of the company’s stock.
IAC Company Profile
IAC (NASDAQ: IAC) is a publicly traded holding company headquartered in New York City that builds and invests in consumer-focused internet businesses. Through its portfolio of digital media brands, online marketplaces and subscription services, IAC delivers content and connections across a range of verticals, including lifestyle, finance, home services and personal care. The company’s operations span North America and parts of Europe, where its brands reach millions of visitors each month.
In the digital publishing space, IAC’s Dotdash Meredith division develops original content and data‐driven journalism across more than a dozen specialty sites.
Read More
- Five stocks we like better than IAC
- Workday Validates AI Flywheel: Stock Price Recovery Begins
- HubSpot at 2019 Levels Is an Opportunity—Not a Warning
- Was Decker’s Double Beat a Bullish Signal—Or Mere HOKA’s-Pocus?
- Kiniksa Pharmaceuticals Still Has Room to Run After 100% Rally
Receive News & Ratings for IAC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for IAC and related companies with MarketBeat.com's FREE daily email newsletter.
