IAC/InterActiveCorp (NASDAQ:IAC) has been given a $265.00 price target by stock analysts at SunTrust Banks in a research note issued on Friday, TipRanks reports. The brokerage currently has a “buy” rating on the stock. SunTrust Banks’ price objective points to a potential upside of 16.93% from the stock’s previous close.
Several other equities research analysts also recently issued reports on the stock. Aegis reiterated a “buy” rating and issued a $320.00 target price on shares of IAC/InterActiveCorp in a research note on Tuesday, September 3rd. Barclays raised their target price on shares of IAC/InterActiveCorp from $295.00 to $311.00 and gave the company an “overweight” rating in a research note on Friday, August 9th. Guggenheim upgraded shares of IAC/InterActiveCorp from a “neutral” rating to a “buy” rating and set a $300.00 target price for the company in a research note on Friday, August 9th. Wells Fargo & Co reiterated a “buy” rating on shares of IAC/InterActiveCorp in a research note on Friday, August 9th. Finally, Nomura raised their target price on shares of IAC/InterActiveCorp from $282.00 to $314.00 and gave the company a “buy” rating in a research note on Friday, August 9th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and seventeen have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $292.37.
Shares of IAC/InterActiveCorp stock traded down $0.40 during trading hours on Friday, reaching $226.63. 22,497 shares of the company’s stock were exchanged, compared to its average volume of 934,593. The company has a 50 day moving average of $235.71 and a two-hundred day moving average of $230.04. IAC/InterActiveCorp has a fifty-two week low of $158.29 and a fifty-two week high of $268.72. The company has a current ratio of 4.11, a quick ratio of 4.11 and a debt-to-equity ratio of 0.82. The stock has a market cap of $18.97 billion, a P/E ratio of 40.49 and a beta of 0.90.
IAC/InterActiveCorp (NASDAQ:IAC) last posted its quarterly earnings data on Wednesday, August 7th. The company reported $1.19 EPS for the quarter, topping the Zacks’ consensus estimate of $0.92 by $0.27. IAC/InterActiveCorp had a net margin of 11.99% and a return on equity of 12.44%. The company had revenue of $1.19 billion during the quarter, compared to the consensus estimate of $1.18 billion. During the same period in the prior year, the business posted $2.32 EPS. The company’s quarterly revenue was up 12.0% on a year-over-year basis. As a group, analysts expect that IAC/InterActiveCorp will post 4.4 earnings per share for the current fiscal year.
In other news, CFO Glenn Schiffman sold 2,000 shares of the firm’s stock in a transaction that occurred on Tuesday, October 1st. The shares were sold at an average price of $217.37, for a total transaction of $434,740.00. Also, SVP Michael H. Schwerdtman sold 6,676 shares of the firm’s stock in a transaction that occurred on Friday, August 9th. The stock was sold at an average price of $255.55, for a total transaction of $1,706,051.80. The disclosure for this sale can be found here. Insiders have sold 185,781 shares of company stock worth $46,305,995 over the last ninety days. Insiders own 11.50% of the company’s stock.
Several institutional investors and hedge funds have recently made changes to their positions in IAC. Alpine Group USVI LLC acquired a new stake in IAC/InterActiveCorp in the third quarter valued at approximately $7,206,000. Cooper Financial Group lifted its holdings in IAC/InterActiveCorp by 13.6% in the third quarter. Cooper Financial Group now owns 1,389 shares of the company’s stock valued at $303,000 after buying an additional 166 shares during the period. State of Alaska Department of Revenue lifted its holdings in IAC/InterActiveCorp by 134.2% in the third quarter. State of Alaska Department of Revenue now owns 40,624 shares of the company’s stock valued at $8,854,000 after buying an additional 23,279 shares during the period. River & Mercantile Asset Management LLP acquired a new position in IAC/InterActiveCorp in the second quarter valued at $429,000. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its holdings in IAC/InterActiveCorp by 25.2% in the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 18,744 shares of the company’s stock valued at $4,077,000 after buying an additional 3,773 shares during the period. 89.65% of the stock is currently owned by institutional investors.
IAC/InterActiveCorp, together with its subsidiaries, operates as a media and Internet company in the United States and internationally. The company's Match Group segment provides subscription dating products under the Tinder, Match, PlentyOfFish, Meetic, OkCupid, OurTime, Pairs and Hinge, and other brands.
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