Oppenheimer Holdings, Inc. reissued their buy rating on shares of IAC/InterActiveCorp (NASDAQ:IAC) in a research note released on Thursday morning. They currently have a $141.00 price objective on the stock.
Several other brokerages also recently weighed in on IAC. BidaskClub downgraded shares of IAC/InterActiveCorp from a strong-buy rating to a buy rating in a report on Saturday, October 21st. Piper Jaffray Companies lifted their price target on shares of IAC/InterActiveCorp to $145.00 and gave the company an overweight rating in a report on Wednesday, August 16th. Bank of America Corporation reissued a buy rating and issued a $150.00 target price (up previously from $133.00) on shares of IAC/InterActiveCorp in a report on Tuesday, October 10th. TheStreet raised shares of IAC/InterActiveCorp from a c+ rating to an a- rating in a report on Thursday, August 3rd. Finally, Wells Fargo & Company reissued a buy rating and issued a $150.00 target price (up previously from $125.00) on shares of IAC/InterActiveCorp in a report on Thursday, October 19th. One equities research analyst has rated the stock with a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the company. IAC/InterActiveCorp has an average rating of Buy and a consensus price target of $141.40.
Shares of IAC/InterActiveCorp (NASDAQ IAC) traded down $0.90 during trading hours on Thursday, reaching $124.01. 1,995,200 shares of the company’s stock traded hands, compared to its average volume of 740,546. The company has a debt-to-equity ratio of 0.72, a current ratio of 2.94 and a quick ratio of 2.94. IAC/InterActiveCorp has a twelve month low of $64.50 and a twelve month high of $137.86. The stock has a market capitalization of $9,961.95, a P/E ratio of 99.93, a P/E/G ratio of 6.84 and a beta of 1.12.
IAC/InterActiveCorp (NASDAQ:IAC) last issued its quarterly earnings results on Wednesday, November 8th. The company reported $0.55 earnings per share for the quarter, missing the consensus estimate of $0.69 by ($0.14). IAC/InterActiveCorp had a net margin of 11.81% and a return on equity of 4.70%. The firm had revenue of $828.40 million for the quarter, compared to analysts’ expectations of $810.36 million. During the same period in the prior year, the firm earned $0.73 EPS. IAC/InterActiveCorp’s revenue for the quarter was up 8.4% compared to the same quarter last year. research analysts expect that IAC/InterActiveCorp will post 2.19 EPS for the current year.
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A number of hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. increased its position in IAC/InterActiveCorp by 2.6% during the second quarter. Vanguard Group Inc. now owns 5,887,254 shares of the company’s stock valued at $607,801,000 after acquiring an additional 149,182 shares during the last quarter. Cheyne Capital Management UK LLP bought a new position in IAC/InterActiveCorp during the third quarter valued at $418,000. Canada Pension Plan Investment Board increased its position in IAC/InterActiveCorp by 6.6% during the third quarter. Canada Pension Plan Investment Board now owns 3,383,327 shares of the company’s stock valued at $397,812,000 after acquiring an additional 208,227 shares during the last quarter. BlackRock Inc. increased its position in IAC/InterActiveCorp by 2.6% during the second quarter. BlackRock Inc. now owns 3,275,849 shares of the company’s stock valued at $338,199,000 after acquiring an additional 83,794 shares during the last quarter. Finally, Boston Partners increased its position in IAC/InterActiveCorp by 0.8% during the third quarter. Boston Partners now owns 3,074,055 shares of the company’s stock valued at $361,448,000 after acquiring an additional 23,366 shares during the last quarter. Institutional investors and hedge funds own 85.43% of the company’s stock.
IAC/InterActiveCorp Company Profile
IAC/InterActiveCorp (IAC) is a media and Internet company. The Company’s brands include HomeAdvisor, Vimeo, Dictionary.com and Match Group’s online dating portfolio, which includes Tinder, PlentyOfFish and OkCupid. Its segments include Match Group, HomeAdvisor, Video, Applications and Publishing. Match Group includes the dating and non-dating businesses of Match Group, Inc HomeAdvisor is a home services digital marketplace that helps connect consumers with home professionals in North America, as well as in France, the Netherlands and Italy under various brands.
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