IAC (NASDAQ:IAC) Shares Down 3.3% – Time to Sell?

IAC Inc. (NASDAQ:IAC) shares were down 3.3% on Tuesday . The stock traded as low as $39.86 and last traded at $40.12. Approximately 146,722 shares traded hands during trading, a decline of 75% from the average daily volume of 583,375 shares. The stock had previously closed at $41.49.

Analyst Ratings Changes

Several research firms recently issued reports on IAC. TD Cowen lowered their price objective on IAC from $82.00 to $77.00 and set a “buy” rating on the stock in a research report on Wednesday, November 13th. UBS Group raised IAC to a “hold” rating in a report on Monday, October 28th. JMP Securities reaffirmed a “market outperform” rating and set a $70.00 price target on shares of IAC in a report on Monday, December 16th. Barclays dropped their price target on IAC from $70.00 to $66.00 and set an “overweight” rating on the stock in a research note on Wednesday, November 13th. Finally, Citigroup cut their target price on shares of IAC from $60.00 to $56.00 and set a “buy” rating for the company in a research report on Friday, January 3rd. Three research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $67.50.

IAC Price Performance

The company has a current ratio of 2.75, a quick ratio of 2.75 and a debt-to-equity ratio of 0.30. The firm has a 50 day moving average of $45.64 and a 200-day moving average of $49.16. The company has a market cap of $3.45 billion, a P/E ratio of -99.65 and a beta of 1.32.

IAC (NASDAQ:IAC) last issued its quarterly earnings data on Tuesday, November 12th. The company reported ($2.93) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.20) by ($2.73). IAC had a negative net margin of 0.34% and a negative return on equity of 5.63%. The firm had revenue of $938.70 million for the quarter, compared to analysts’ expectations of $922.62 million. During the same quarter in the previous year, the business earned ($0.30) EPS. The company’s revenue for the quarter was down 15.5% on a year-over-year basis. On average, equities research analysts predict that IAC Inc. will post -3.97 EPS for the current year.

Hedge Funds Weigh In On IAC

Several institutional investors have recently bought and sold shares of the business. Commonwealth Equity Services LLC grew its position in IAC by 25.0% in the second quarter. Commonwealth Equity Services LLC now owns 14,212 shares of the company’s stock worth $666,000 after acquiring an additional 2,845 shares in the last quarter. Victory Capital Management Inc. increased its position in IAC by 42.0% during the second quarter. Victory Capital Management Inc. now owns 31,196 shares of the company’s stock valued at $1,462,000 after acquiring an additional 9,221 shares during the last quarter. American Century Companies Inc. raised its position in IAC by 5.9% in the 2nd quarter. American Century Companies Inc. now owns 17,627 shares of the company’s stock worth $826,000 after purchasing an additional 988 shares during the period. Dimensional Fund Advisors LP purchased a new stake in shares of IAC in the second quarter worth approximately $2,596,000. Finally, Edgestream Partners L.P. increased its stake in IAC by 47.4% in the second quarter. Edgestream Partners L.P. now owns 15,877 shares of the company’s stock worth $744,000 after purchasing an additional 5,102 shares during the period. Institutional investors 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.