IAC/InterActiveCorp (NASDAQ:IAC)‘s stock had its “buy” rating reaffirmed by Cowen and Company in a research report issued on Friday. They currently have a $155.00 target price on the stock. Cowen and Company’s target price would indicate a potential upside of 24.99% from the company’s previous close.
A number of other research firms have also weighed in on IAC. BidaskClub lowered shares of IAC/InterActiveCorp from a “strong-buy” rating to a “buy” rating in a research report on Saturday, October 21st. Piper Jaffray Companies boosted their target price on shares of IAC/InterActiveCorp to $145.00 and gave the stock an “overweight” rating in a report on Wednesday, August 16th. Bank of America Corporation reaffirmed a “buy” rating and set a $150.00 price target (up previously from $133.00) on shares of IAC/InterActiveCorp in a research note on Tuesday, October 10th. TheStreet raised shares of IAC/InterActiveCorp from a “c+” rating to an “a-” rating in a research note on Thursday, August 3rd. Finally, Oppenheimer Holdings, Inc. reissued an “outperform” rating and issued a $127.00 target price (up previously from $120.00) on shares of IAC/InterActiveCorp in a research note on Wednesday, August 9th. One investment analyst has rated the stock with a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of “Buy” and an average target price of $141.40.
Shares of IAC/InterActiveCorp (NASDAQ IAC) opened at $124.01 on Friday. The company has a current ratio of 2.94, a quick ratio of 2.94 and a debt-to-equity ratio of 0.72. The stock has a market cap 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 has a 12-month low of $64.50 and a 12-month high of $137.86.
IAC/InterActiveCorp (NASDAQ:IAC) last posted its quarterly earnings results on Wednesday, November 8th. The company reported $0.55 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.69 by ($0.14). The firm had revenue of $828.40 million during the quarter, compared to the consensus estimate of $810.36 million. IAC/InterActiveCorp had a return on equity of 4.70% and a net margin of 11.81%. The business’s revenue for the quarter was up 8.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.73 earnings per share. equities analysts predict that IAC/InterActiveCorp will post 2.19 EPS for the current fiscal year.
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Institutional investors have recently added to or reduced their stakes in the stock. ClariVest Asset Management LLC acquired a new stake in IAC/InterActiveCorp in the 2nd quarter valued at $133,000. FNY Partners Fund LP acquired a new stake in IAC/InterActiveCorp in the 2nd quarter valued at $152,000. First Mercantile Trust Co. acquired a new stake in IAC/InterActiveCorp in the 2nd quarter valued at $193,000. Reliance Trust Co. of Delaware acquired a new stake in IAC/InterActiveCorp in the 2nd quarter valued at $202,000. Finally, Piedmont Investment Advisors LLC acquired a new stake in IAC/InterActiveCorp in the 2nd quarter valued at $205,000. 85.43% of the stock is currently owned by hedge funds and other institutional investors.
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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