IAC Inc (NASDAQ:IAC) shares traded 2.63% higher at $55.07 on Wall Street last session.
IAC stock price is now 6.74% away from the 50-day moving average and 5.81% away from the 200-day moving average. The market capitalization of the company currently stands at $4.73B.
Top 5 Artificial Intelligence Stocks to Buy for 2024
By now, you're well aware of the artificial intelligence boom. You know Big Tech has been investing billions of dollars into it.
According to Next Move Strategy Consulting, the AI market – currently valued at about $100 billion – cold grow twenty-fold by 2030 to more than $2 trillion. That means you may want to strongly consider these top AI stocks. Get our free report, "Top 5 AI Stocks to Buy in 2024."
Click here to automatically get the our FREE Report & Special Offer "5 Best AI Stocks to Invest In"
Sponsored
With the price target enhanced from $46 to $54, UBS Upgraded its rating from Sell to Neutral for IAC Inc (NASDAQ: IAC). On December 13, 2022, Citigroup recently initiated its ‘Buy’ rating on the stock quoting a target price of $60, while ‘UBS’ rates the stock as ‘Sell’
A total of 12.77% of the company’s stock is owned by insiders.
During the past 12 months, IAC Inc has had a low of $41.39 and a high of $69.85. As of last week, the company has a debt-to-equity ratio of 0.41, a current ratio of 2.36, and a quick ratio of 2.36.
According to the Internet Content & Information Company, earnings per share came in at 4.57, beating analysts’ expectations of -0.82 by 5.39. This compares to $0.05 EPS in the same period last year. The net profit margin was 5.56% and return on equity was 4.04% for IAC. The company reported revenue of $1.06 billion for the quarter, compared to $1.25 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -15.12 percent. For the current quarter, analysts expect IAC to generate $934.08M in revenue.
IAC Inc(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. It also operates a digital marketplace that connects home service professionals with consumers for repairing, remodeling, cleaning, landscaping, maintenance, and enhancement services under the Angi Ads, Angi Leads, and Angi Services brands. In addition, the company operates websites that offer general search services and information, including Ask.com, a search site with a variety of fresh and contemporary content; Reference.com that offers content across select vertical categories; Consumersearch.com, which offers content designed to simplify the product research process; and Shopping.net, a vertical shopping search site that contains a mix of search services and/or content targeted to various user or segment demographics, as well as offers direct-to-consumer downloadable desktop applications. Further, it offers Care.com, an online destination for families to connect with caregivers for their children, aging parents, pets, and homes; develops and provides subscription mobile applications across the communication, language, weather, business, health, and lifestyle verticals; a technology driven staffing platform for flexible W-2 work under the Bluecrew name; a platform to connect healthcare professionals with job opportunities under the Vivian Health name; The Daily Beast, a website dedicated to news, commentary, culture, and entertainment that publishes original reporting and opinion; and production and producer services for feature films for sale and distribution through theatrical releases and video-on-demand services. The company was formerly known as IAC/InterActiveCorp. The company is headquartered in New York, New York.
