<div id="readability-page-1"><p>Shares of IAC Inc. (NASDAQ:IAC - Get Free Report) reached a new 52-week low during mid-day trading on Tuesday after the company announced weaker than expected quarterly earnings. The stock traded as low as $29.88 and last traded at $29.8430, with a volume of 259725 shares. The stock had previously closed at $32.56.</p><ul><li>4 Golden Crosses With Double-Digit Upside Ahead</li></ul><p>The company reported ($0.27) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.24) by ($0.03). The company had revenue of $589.79 million for the quarter, compared to analyst estimates of $601.86 million. IAC had a negative net margin of 14.52% and a negative return on equity of 8.23%. IAC's revenue for the quarter was down 8.1% on a year-over-year basis. During the same quarter last year, the firm posted ($2.93) EPS. </p><h2>Analyst Ratings Changes</h2><p>IAC has been the subject of a number of analyst reports. Piper Sandler cut their price target on IAC from $44.00 to $39.00 and set a &#34;neutral&#34; rating for the company in a research note on Wednesday, August 6th. Wall Street Zen upgraded IAC from a &#34;sell&#34; rating to a &#34;hold&#34; rating in a research note on Saturday, August 9th. Benchmark dropped their target price on shares of IAC from $63.00 to $60.00 and set a &#34;buy&#34; rating on the stock in a research report on Wednesday, August 6th. UBS Group lifted their target price on shares of IAC from $38.00 to $41.00 and gave the stock a &#34;neutral&#34; rating in a research report on Wednesday, August 6th. Finally, Truist Financial dropped their target price on shares of IAC from $61.00 to $57.00 and set a &#34;buy&#34; rating on the stock in a research report on Wednesday, August 6th. Twelve investment analysts have rated the stock with a Buy rating, two have assigned  a Hold rating and one  has assigned  a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of &#34;Moderate Buy&#34; and a consensus price target of $47.62.</p><p><b>View Our Latest Stock Analysis on IAC</b></p><h2>Institutional Investors Weigh In On IAC</h2><p>A number of hedge funds have recently modified their holdings of IAC. GAMMA Investing LLC raised its holdings in shares of  IAC by 219.4% in the 1st quarter. GAMMA Investing LLC now owns 757 shares of the company's stock worth $35,000 after purchasing an additional 520 shares during the period.  Allspring Global Investments Holdings LLC bought a new stake in shares of  IAC in the 1st quarter worth approximately $2,590,000.  Principal Financial Group Inc. raised its holdings in shares of  IAC by 2.4% in the 1st quarter. Principal Financial Group Inc. now owns 351,787 shares of the company's stock worth $16,161,000 after purchasing an additional 8,396 shares during the period.  Bank of New York Mellon Corp raised its holdings in shares of  IAC by 1.3% in the 1st quarter. Bank of New York Mellon Corp now owns 494,035 shares of the company's stock worth $22,696,000 after purchasing an additional 6,515 shares during the period.  Finally, Envestnet Asset Management Inc. raised its holdings in  IAC by 9.2% during the 1st quarter. Envestnet Asset Management Inc. now owns 76,451 shares of the company's stock valued at $3,512,000 after acquiring an additional 6,459 shares during the period. Institutional investors own  88.90% of the company's stock. </p><h2>IAC Price Performance</h2><p>The business's fifty day simple moving average is $34.73 and its 200-day simple moving average is $36.29. The company has a current ratio of 2.87, a quick ratio of 2.87 and a debt-to-equity ratio of 0.29. The firm has a market cap of $2.30 billion, a P/E ratio of -5.68 and a beta of 1.25. </p><h2>About IAC</h2> (Get Free Report)<p>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.</p><h2>Featured Stories</h2><ul><li>Five stocks we like better than IAC</li><li>With Risk Tolerance, One Size Does Not Fit All</li><li>Why Roblox Stock Could Soar 75% After the Q3 Dip</li><li>Find and Profitably Trade Stocks at 52-Week Lows</li><li>Amazon vs. Apple: Which Mag 7 Is the Better Buy?</li><li>Growth Stocks: What They Are, Examples and How to Invest</li><li>Is Starbucks Quietly Setting Up for a Major 2026 Comeback?</li></ul><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in IAC Right Now?</h2><p>Before you consider IAC, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and IAC wasn't on the list.</p><p>While IAC currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

<p>IAC Inc. (NASDAQ:IAC) shares hit a new 52-week low of $29.88 after reporting disappointing quarterly earnings, with an EPS of ($0.27) against expectations of ($0.24). Revenue was $589.79 million, below the $601.86 million forecast, marking an 8.1% year-over-year decline. Analysts have adjusted their ratings, with a consensus price target of $47.62 and a current average rating of "Moderate Buy." Institutional investors hold 88.90% of the stock, which has a market cap of $2.30 billion and a P/E ratio of -5.68.</p>

IAC (NASDAQ:IAC) Reaches New 52-Week Low on Disappointing Earnings