BidaskClub upgraded shares of IAC/InterActiveCorp (NASDAQ:IAC) from a hold rating to a buy rating in a research note released on Wednesday.
IAC has been the subject of a number of other reports. UBS Group increased their target price on IAC/InterActiveCorp from $200.00 to $224.00 and gave the stock a buy rating in a research note on Friday, August 10th. Aegis increased their target price on IAC/InterActiveCorp from $200.00 to $240.00 and gave the stock a buy rating in a research note on Monday, August 13th. JPMorgan Chase & Co. increased their target price on IAC/InterActiveCorp from $186.00 to $220.00 and gave the stock an overweight rating in a research note on Friday, August 10th. Zacks Investment Research raised IAC/InterActiveCorp from a hold rating to a buy rating and set a $239.00 target price for the company in a research note on Wednesday, September 26th. Finally, BMO Capital Markets reissued a buy rating and set a $250.00 target price (up from $216.00) on shares of IAC/InterActiveCorp in a research note on Thursday, August 9th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, nineteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of Buy and a consensus price target of $211.75.
NASDAQ IAC traded down $5.43 during trading hours on Wednesday, reaching $195.64. 612,472 shares of the company’s stock were exchanged, compared to its average volume of 748,675. IAC/InterActiveCorp has a one year low of $118.83 and a one year high of $223.54. The company has a debt-to-equity ratio of 0.61, a quick ratio of 2.78 and a current ratio of 2.78. The stock has a market cap of $16.73 billion, a price-to-earnings ratio of 254.08, a PEG ratio of 2.50 and a beta of 1.25.
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, topping analysts’ consensus estimates of $0.82 by $1.50. IAC/InterActiveCorp had a return on equity of 10.24% and a net margin of 13.09%. The business had revenue of $1.06 billion during the quarter, compared to analysts’ expectations of $1.02 billion. During the same period in the prior year, the business earned $0.74 EPS. IAC/InterActiveCorp’s revenue for the quarter was up 38.0% compared to the same quarter last year. On average, analysts predict that IAC/InterActiveCorp will post 5.37 EPS for the current year.
In other news, CFO Glenn Schiffman sold 2,000 shares of the firm’s stock in a transaction that occurred 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 legal filing with the Securities & Exchange Commission, which can be accessed through this link. 10.90% of the stock is owned by company insiders.
Several institutional investors and hedge funds have recently modified their holdings of the company. OLD Mutual Customised Solutions Proprietary Ltd. acquired a new stake in shares of IAC/InterActiveCorp in the 2nd quarter valued at approximately $107,000. Opera Trading Capital acquired a new stake in shares of IAC/InterActiveCorp in the 2nd quarter valued at approximately $243,000. Greenwood Capital Associates LLC acquired a new stake in shares of IAC/InterActiveCorp in the 2nd quarter valued at approximately $244,000. NumerixS Investment Technologies Inc acquired a new stake in shares of IAC/InterActiveCorp in the 2nd quarter valued at approximately $244,000. Finally, Cambridge Investment Research Advisors Inc. acquired a new stake in shares of IAC/InterActiveCorp in the 2nd quarter valued at approximately $321,000. 86.29% of the stock is owned by institutional investors.
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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