ValuEngine upgraded shares of IAC/InterActiveCorp (NASDAQ:IAC) from a sell rating to a hold rating in a research report released on Wednesday, January 10th.
Several other brokerages also recently commented on IAC. Credit Suisse Group restated a buy rating and issued a $151.00 price objective on shares of IAC/InterActiveCorp in a research report on Tuesday, January 9th. Zacks Investment Research raised IAC/InterActiveCorp from a strong sell rating to a hold rating in a research note on Wednesday, January 10th. BidaskClub raised IAC/InterActiveCorp from a hold rating to a buy rating in a research note on Saturday, January 6th. Wells Fargo & Co reaffirmed an outperform rating and set a $168.00 target price (up previously from $150.00) on shares of IAC/InterActiveCorp in a research note on Monday, January 8th. Finally, Oppenheimer reissued a buy rating and issued a $141.00 price objective on shares of IAC/InterActiveCorp in a research note on Thursday, November 9th. Three investment analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the company. IAC/InterActiveCorp currently has an average rating of Buy and a consensus target price of $145.05.
IAC/InterActiveCorp (NASDAQ IAC) traded up $0.11 during midday trading on Wednesday, reaching $145.20. The company’s stock had a trading volume of 169,235 shares, compared to its average volume of 639,050. IAC/InterActiveCorp has a 1-year low of $72.00 and a 1-year high of $146.84. The company has a current ratio of 2.07, a quick ratio of 2.07 and a debt-to-equity ratio of 0.57. The stock has a market cap of $11,885.22 and a PE ratio of 36.64.
IAC/InterActiveCorp (NASDAQ:IAC) last posted its earnings results on Wednesday, November 8th. The company reported $0.55 EPS for the quarter, missing the Zacks’ consensus estimate of $0.69 by ($0.14). IAC/InterActiveCorp had a return on equity of 4.26% and a net margin of 11.81%. The business had revenue of $828.40 million during the quarter, compared to the consensus estimate of $810.36 million. During the same period in the previous year, the business posted $0.73 EPS. The firm’s revenue for the quarter was up 8.4% on a year-over-year basis. equities analysts forecast that IAC/InterActiveCorp will post 0.55 EPS for the current year.
In other IAC/InterActiveCorp news, EVP Gregg Winiarski sold 62,253 shares of the business’s stock in a transaction on Tuesday, January 2nd. The shares were sold at an average price of $127.19, for a total value of $7,917,959.07. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Joseph Levin sold 78,500 shares of the business’s stock in a transaction on Tuesday, November 21st. The stock was sold at an average price of $128.83, for a total transaction of $10,113,155.00. The disclosure for this sale can be found here. Insiders sold a total of 175,929 shares of company stock valued at $22,516,569 in the last quarter. 10.60% of the stock is owned by insiders.
Several hedge funds have recently modified their holdings of IAC. Vanguard Group Inc. lifted its position in IAC/InterActiveCorp by 2.6% in 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 acquired a new position in IAC/InterActiveCorp during the third quarter worth about $418,000. Canada Pension Plan Investment Board grew its position in shares of IAC/InterActiveCorp by 6.6% in 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 purchasing an additional 208,227 shares during the last quarter. BlackRock Inc. grew its position in shares of IAC/InterActiveCorp by 2.6% in the second quarter. BlackRock Inc. now owns 3,275,849 shares of the company’s stock valued at $338,199,000 after purchasing an additional 83,794 shares during the last quarter. Finally, Boston Partners grew its position in shares of IAC/InterActiveCorp by 0.8% in the third quarter. Boston Partners now owns 3,074,055 shares of the company’s stock valued at $361,448,000 after purchasing an additional 23,366 shares during the last quarter. Hedge funds and other institutional investors own 86.59% of the company’s stock.
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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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