During the last session, IAC Inc (NASDAQ:IAC)’s traded shares were 0.71 million, with the beta value of the company hitting 1.24. At the end of the trading day, the stock’s price was $40.6, reflecting an intraday loss of -2.57% or -$1.07. The 52-week high for the IAC share is $45.64, that puts it down -12.41 from that peak though still a striking 21.08% gain since the share price plummeted to a 52-week low of $32.04. The company’s market capitalization is $3.24B, and the average intraday trading volume over the past 10 days was 0.77 million shares, and the average trade volume was 1.03 million shares over the past three months.
IAC Inc (IAC) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 1.47. IAC has a Sell rating from 0 analyst(s) out of 13 analysts who have looked at this stock. 1 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 12 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be -0.29.
IAC Inc (NASDAQ:IAC) trade information
IAC Inc (IAC) registered a -2.57% downside in the last session and has traded in the green over the past 5 sessions. The stock plummet -2.57% in intraday trading to $40.6, hitting a weekly high. The stock’s 5-day price performance is 4.61%, and it has moved by 10.63% in 30 days. Based on these gigs, the overall price performance for the year is 14.23%. The short interest in IAC Inc (NASDAQ:IAC) is 5.59 million shares and it means that shorts have 5.61 day(s) to cover.
The consensus price target of analysts on Wall Street is $38, which implies a decrease of -6.84% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $38 and $38 respectively. As a result, IAC is trading at a premium of 6.4% off the target high and 6.4% off the low.
IAC Inc (IAC) estimates and forecasts
In the rating firms’ projections, revenue will decrease -34.61% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 601.38M as predicted by 13 analyst(s). Meanwhile, a consensus of 13 analyst(s) estimates revenue growth to 619.64M by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 949.53M and 938.72M respectively. In this case, analysts expect current quarter sales to shrink by -36.67% and then drop by -33.99% in the coming quarter.
While earnings are projected to return 52.95% in 2025.
IAC Dividends
IAC Inc is due to release its next quarterly earnings on 2025-May-05. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
IAC Inc (NASDAQ:IAC)’s Major holders
IAC Inc insiders own 2.70% of total outstanding shares while institutional holders control 102.11%, with the float percentage being 104.94%. BLACKROCK INC. is the largest shareholder of the company, while 472.0 institutions own stock in it. As of 2024-06-30, the company held over 8.78 million shares (or 10.565% of all shares), a total value of $411.32 million in shares.
The next largest institutional holding, with 7.88 million shares, is of VANGUARD GROUP INC’s that is approximately 9.4856% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $369.3 million.
