IAC/InterActiveCorp (NASDAQ:IAC) – Equities researchers at Jefferies Group issued their Q1 2018 earnings estimates for shares of IAC/InterActiveCorp in a note issued to investors on Sunday, according to Zacks Investment Research. Jefferies Group analyst B. Thill expects that the company will post earnings per share of $0.55 for the quarter. Jefferies Group has a “Buy” rating on the stock. Jefferies Group also issued estimates for IAC/InterActiveCorp’s Q3 2018 earnings at $1.10 EPS, Q4 2018 earnings at $1.36 EPS and FY2018 earnings at $3.97 EPS.
IAC/InterActiveCorp (NASDAQ:IAC) last released its quarterly earnings data 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 return on equity of 4.26% and a net margin of 11.81%. The firm had revenue of $828.40 million for the quarter, compared to the consensus estimate of $810.36 million. During the same period in the previous year, the business earned $0.73 EPS. The firm’s revenue was up 8.4% compared to the same quarter last year.
Several other research firms have also weighed in on IAC. BidaskClub raised shares of IAC/InterActiveCorp from a “hold” rating to a “buy” rating in a research note on Friday, December 22nd. Wells Fargo & Co restated an “outperform” rating and set a $168.00 target price (up from $150.00) on shares of IAC/InterActiveCorp in a report on Monday, January 8th. Zacks Investment Research downgraded shares of IAC/InterActiveCorp from a “hold” rating to a “strong sell” rating in a report on Tuesday, December 19th. Bank of America restated a “buy” rating and set a $150.00 target price (up from $133.00) on shares of IAC/InterActiveCorp in a report on Tuesday, October 10th. Finally, Guggenheim restated a “buy” rating and set a $150.00 target price on shares of IAC/InterActiveCorp in a report on Friday, December 22nd. Three research analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $146.18.
IAC/InterActiveCorp (NASDAQ:IAC) traded down $0.61 during trading on Wednesday, reaching $144.48. 749,654 shares of the company traded hands, compared to its average volume of 669,655. IAC/InterActiveCorp has a twelve month low of $72.00 and a twelve month high of $146.90. The company has a market cap of $11,885.22 and a price-to-earnings ratio of 36.48. The company has a quick ratio of 2.07, a current ratio of 2.07 and a debt-to-equity ratio of 0.57.
In related news, EVP Mark J. Stein sold 26,887 shares of the business’s stock in a transaction on Thursday, December 21st. The shares were sold at an average price of $126.68, for a total transaction of $3,406,045.16. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 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 175,929 shares of company stock worth $22,516,569 over the last quarter. 10.60% of the stock is owned by corporate insiders.
A number of institutional investors and hedge funds have recently modified their holdings of the stock. Raymond James Financial Services Advisors Inc. increased its holdings in IAC/InterActiveCorp by 0.4% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 6,676 shares of the company’s stock worth $689,000 after buying an additional 25 shares during the last quarter. Dynamic Technology Lab Private Ltd increased its holdings in IAC/InterActiveCorp by 1.9% during the second quarter. Dynamic Technology Lab Private Ltd now owns 5,620 shares of the company’s stock worth $581,000 after buying an additional 104 shares during the last quarter. Voya Investment Management LLC increased its holdings in IAC/InterActiveCorp by 0.6% during the second quarter. Voya Investment Management LLC now owns 26,908 shares of the company’s stock worth $2,778,000 after buying an additional 150 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in IAC/InterActiveCorp by 9.0% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,618 shares of the company’s stock worth $270,000 after buying an additional 216 shares during the last quarter. Finally, Pillar Pacific Capital Management LLC boosted its position in IAC/InterActiveCorp by 9.7% during the fourth quarter. Pillar Pacific Capital Management LLC now owns 3,950 shares of the company’s stock worth $483,000 after purchasing an additional 350 shares during the period. Institutional investors and hedge funds 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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