IAC/InterActiveCorp (NASDAQ:IAC) had its price objective decreased by Bank of America from $240.00 to $228.00 in a research report released on Tuesday morning. Bank of America currently has a buy rating on the stock.
Several other analysts have also recently commented on the company. Zacks Investment Research cut IAC/InterActiveCorp from a hold rating to a sell rating in a research report on Friday, January 4th. BidaskClub raised IAC/InterActiveCorp from a hold rating to a buy rating in a research report on Friday, December 28th. SunTrust Banks assumed coverage on IAC/InterActiveCorp in a research report on Tuesday, December 18th. They issued a buy rating and a $237.00 target price for the company. Macquarie assumed coverage on IAC/InterActiveCorp in a research report on Wednesday, November 28th. They issued an outperform rating for the company. Finally, Aegis reaffirmed a buy rating and issued a $250.00 target price on shares of IAC/InterActiveCorp in a research report on Thursday, November 22nd. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and nineteen have issued a buy rating to the stock. The stock currently has a consensus rating of Buy and a consensus target price of $229.09.
Shares of IAC traded down $0.55 during trading hours on Tuesday, hitting $184.78. 17,236 shares of the company were exchanged, compared to its average volume of 723,459. The firm has a market cap of $15.48 billion, a PE ratio of 240.30, a P/E/G ratio of 1.91 and a beta of 1.04. The company has a quick ratio of 2.77, a current ratio of 2.77 and a debt-to-equity ratio of 0.60. IAC/InterActiveCorp has a one year low of $128.80 and a one year high of $223.54.
IAC/InterActiveCorp (NASDAQ:IAC) last released its quarterly earnings data on Wednesday, November 7th. The company reported $1.49 earnings per share for the quarter, topping the consensus estimate of $1.03 by $0.46. The business had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.07 billion. IAC/InterActiveCorp had a return on equity of 15.84% and a net margin of 11.39%. The company’s revenue was up 33.3% compared to the same quarter last year. During the same period last year, the company posted $0.55 EPS. On average, equities research analysts anticipate that IAC/InterActiveCorp will post 5.58 EPS for the current fiscal year.
In other IAC/InterActiveCorp news, CFO Glenn Schiffman sold 2,000 shares of the firm’s stock in a transaction dated Thursday, November 1st. The stock was sold at an average price of $199.05, for a total transaction of $398,100.00. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 10.90% of the stock is owned by company insiders.
Hedge funds and other institutional investors have recently bought and sold shares of the business. BlackRock Inc. grew its position in IAC/InterActiveCorp by 3.1% during the third quarter. BlackRock Inc. now owns 4,502,735 shares of the company’s stock worth $975,832,000 after buying an additional 134,915 shares in the last quarter. Canada Pension Plan Investment Board grew its position in IAC/InterActiveCorp by 5.9% during the third quarter. Canada Pension Plan Investment Board now owns 4,156,975 shares of the company’s stock worth $900,900,000 after buying an additional 229,800 shares in the last quarter. Morgan Stanley grew its position in IAC/InterActiveCorp by 153.4% during the third quarter. Morgan Stanley now owns 1,471,397 shares of the company’s stock worth $318,880,000 after buying an additional 890,730 shares in the last quarter. FMR LLC grew its position in IAC/InterActiveCorp by 118.6% during the third quarter. FMR LLC now owns 1,423,857 shares of the company’s stock worth $308,578,000 after buying an additional 772,398 shares in the last quarter. Finally, Janus Henderson Group PLC grew its position in IAC/InterActiveCorp by 12.6% during the third quarter. Janus Henderson Group PLC now owns 991,636 shares of the company’s stock worth $214,915,000 after buying an additional 110,919 shares in the last quarter. Institutional investors own 86.99% of the company’s stock.
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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