IAC/InterActiveCorp (NASDAQ:IAC) was downgraded by research analysts at BidaskClub from a “buy” rating to a “hold” rating in a note issued to investors on Thursday.
A number of other analysts have also recently issued reports on the stock. Jefferies Financial Group lifted their target price on shares of IAC/InterActiveCorp from $240.00 to $260.00 and gave the company a “buy” rating in a research note on Thursday, October 4th. They noted that the move was a valuation call. Zacks Investment Research cut shares of IAC/InterActiveCorp from a “buy” rating to a “hold” rating in a research note on Thursday, September 27th. UBS Group lifted their target price on shares of IAC/InterActiveCorp from $224.00 to $265.00 and gave the company a “buy” rating in a research note on Wednesday, September 26th. Guggenheim cut shares of IAC/InterActiveCorp from a “buy” rating to a “neutral” rating in a research note on Friday, September 21st. They noted that the move was a valuation call. Finally, Aegis boosted their price objective on shares of IAC/InterActiveCorp from $200.00 to $240.00 and gave the stock a “buy” rating in a research note on Monday, August 13th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, eighteen have given a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $211.75.
NASDAQ IAC opened at $201.49 on Thursday. The company has a quick ratio of 2.78, a current ratio of 2.78 and a debt-to-equity ratio of 0.61. The company has a market capitalization of $18.03 billion, a price-to-earnings ratio of 261.68, a price-to-earnings-growth ratio of 2.71 and a beta of 1.25. IAC/InterActiveCorp has a 12-month low of $118.83 and a 12-month high of $223.54.
IAC/InterActiveCorp (NASDAQ:IAC) last posted its earnings results on Wednesday, August 8th. The company reported $2.32 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.82 by $1.50. The firm had revenue of $1.06 billion during the quarter, compared to analysts’ expectations of $1.02 billion. IAC/InterActiveCorp had a net margin of 13.09% and a return on equity of 10.24%. The company’s revenue was up 38.0% compared to the same quarter last year. During the same period in the previous year, the company earned $0.74 earnings per share. As a group, analysts anticipate that IAC/InterActiveCorp will post 5.34 EPS for the current fiscal year.
In related news, CFO Glenn Schiffman sold 2,000 shares of the business’s stock in a transaction on Monday, October 1st. The shares were sold at an average price of $217.22, for a total transaction of $434,440.00. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 10.90% of the stock is currently owned by insiders.
A number of hedge funds have recently made changes to their positions in the stock. Personal Capital Advisors Corp increased its holdings in IAC/InterActiveCorp by 0.7% in the 3rd quarter. Personal Capital Advisors Corp now owns 181,770 shares of the company’s stock valued at $39,393,000 after buying an additional 1,238 shares during the period. CENTRAL TRUST Co increased its holdings in IAC/InterActiveCorp by 4,445.0% in the 3rd quarter. CENTRAL TRUST Co now owns 3,636 shares of the company’s stock valued at $788,000 after buying an additional 3,556 shares during the period. United Services Automobile Association increased its holdings in IAC/InterActiveCorp by 16.1% in the 2nd quarter. United Services Automobile Association now owns 18,806 shares of the company’s stock valued at $2,868,000 after buying an additional 2,602 shares during the period. Royal London Asset Management Ltd. bought a new stake in IAC/InterActiveCorp in the 2nd quarter valued at $4,589,000. Finally, Northern Trust Corp increased its holdings in IAC/InterActiveCorp by 25.1% in the 2nd quarter. Northern Trust Corp now owns 566,443 shares of the company’s stock valued at $86,376,000 after buying an additional 113,610 shares during the period. 86.41% of the stock is currently owned by institutional investors and hedge funds.
IAC/InterActiveCorp Company Profile
IAC/InterActiveCorp, together with its subsidiaries, operates as a media and Internet company in the United States and internationally. It operates through Match Group, ANGI Homeservices, Video, Applications, and Publishing segments. The Match Group segment provides subscription dating products, which enable users to establish a profile and review the profiles of other users in 42 languages.
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