IAC/InterActiveCorp (NASDAQ:IAC)‘s stock had its “buy” rating reaffirmed by research analysts at Credit Suisse Group in a research note issued to investors on Tuesday, January 9th. They currently have a $151.00 target price on the stock. Credit Suisse Group’s target price would suggest a potential upside of 4.51% from the company’s current price.
A number of other equities analysts have also issued reports on the company. Wells Fargo & Co restated an “outperform” rating and issued a $168.00 target price (up previously from $150.00) on shares of IAC/InterActiveCorp in a research note on Monday, January 8th. BidaskClub upgraded IAC/InterActiveCorp from a “hold” rating to a “buy” rating in a research note on Saturday, January 6th. Guggenheim reiterated a “buy” rating and set a $150.00 price objective on shares of IAC/InterActiveCorp in a research note on Friday, December 22nd. Zacks Investment Research lowered IAC/InterActiveCorp from a “hold” rating to a “strong sell” rating in a research note on Tuesday, December 19th. Finally, Evercore ISI began coverage on IAC/InterActiveCorp in a research note on Tuesday, December 5th. They set an “outperform” rating and a $155.00 price objective for the company. Three equities research analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $146.18.
IAC/InterActiveCorp (NASDAQ IAC) traded down $0.61 during trading on Tuesday, hitting $144.48. The stock had a trading volume of 749,654 shares, compared to its average volume of 669,655. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.07 and a quick ratio of 2.07. The firm has a market cap of $11,885.22 and a PE ratio of 36.61. IAC/InterActiveCorp has a 52-week low of $72.00 and a 52-week high of $146.90.
IAC/InterActiveCorp (NASDAQ:IAC) last posted its quarterly earnings data 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 business had revenue of $828.40 million during the quarter, compared to analyst estimates of $810.36 million. IAC/InterActiveCorp had a return on equity of 4.26% and a net margin of 11.81%. The firm’s revenue for the quarter was up 8.4% compared to the same quarter last year. During the same period in the previous year, the business earned $0.73 EPS. equities research analysts forecast that IAC/InterActiveCorp will post 0.55 EPS for the current year.
In related news, Director Edgar Bronfman, Jr. sold 2,289 shares of IAC/InterActiveCorp stock in a transaction dated Wednesday, December 6th. The stock was sold at an average price of $122.94, for a total value of $281,409.66. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Joseph Levin sold 78,500 shares of IAC/InterActiveCorp stock in a transaction dated Tuesday, November 21st. The stock was sold at an average price of $128.83, for a total value of $10,113,155.00. The disclosure for this sale can be found here. In the last 90 days, insiders sold 175,929 shares of company stock valued at $22,516,569. 10.60% of the stock is owned by company insiders.
Several institutional investors have recently modified their holdings of the company. Vanguard Group Inc. boosted its holdings in shares of IAC/InterActiveCorp by 2.6% during the 2nd quarter. Vanguard Group Inc. now owns 5,887,254 shares of the company’s stock worth $607,801,000 after purchasing an additional 149,182 shares during the last quarter. Cheyne Capital Management UK LLP acquired a new position in shares of IAC/InterActiveCorp during the 3rd quarter worth approximately $418,000. Canada Pension Plan Investment Board boosted its holdings in shares of IAC/InterActiveCorp by 6.6% during the 3rd quarter. Canada Pension Plan Investment Board now owns 3,383,327 shares of the company’s stock worth $397,812,000 after purchasing an additional 208,227 shares during the last quarter. BlackRock Inc. boosted its holdings in shares of IAC/InterActiveCorp by 2.6% during the 2nd quarter. BlackRock Inc. now owns 3,275,849 shares of the company’s stock worth $338,199,000 after purchasing an additional 83,794 shares during the last quarter. Finally, Boston Partners boosted its holdings in shares of IAC/InterActiveCorp by 0.8% during the 3rd quarter. Boston Partners now owns 3,074,055 shares of the company’s stock worth $361,448,000 after purchasing an additional 23,366 shares during the last quarter. Institutional investors and hedge funds own 86.59% of the company’s stock.
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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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