Bank of America Corporation Reiterates “Buy” Rating for IAC/InterActiveCorp (IAC)

IAC/InterActiveCorp (NASDAQ:IAC)‘s stock had its “buy” rating reaffirmed by Bank of America Corporation in a research note issued to investors on Tuesday. They presently have a $150.00 target price on the stock, up from their previous target price of $133.00. Bank of America Corporation’s price objective indicates a potential upside of 22.48% from the stock’s previous close.

IAC has been the subject of several other reports. Susquehanna Bancshares Inc reiterated a “positive” rating and issued a $140.00 price objective (up from $114.00) on shares of IAC/InterActiveCorp in a research report on Wednesday, August 9th. Piper Jaffray Companies reiterated an “overweight” rating and issued a $160.00 price objective (up from $152.00) on shares of IAC/InterActiveCorp in a research report on Wednesday, October 4th. Jefferies Group LLC reiterated a “buy” rating and issued a $135.00 price objective (up from $120.00) on shares of IAC/InterActiveCorp in a research report on Wednesday, August 9th. Needham & Company LLC reiterated a “buy” rating and issued a $130.00 price objective (up from $110.00) on shares of IAC/InterActiveCorp in a research report on Wednesday, August 9th. Finally, Aegis reiterated a “buy” rating and issued a $125.00 price objective (up from $115.00) on shares of IAC/InterActiveCorp in a research report on Tuesday, August 15th. Two equities research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $121.56.

IAC/InterActiveCorp (NASDAQ IAC) traded up 0.61% during midday trading on Tuesday, hitting $122.47. The stock had a trading volume of 553,001 shares. The firm has a 50-day moving average of $114.14 and a 200-day moving average of $101.46. The company has a market cap of $9.77 billion, a PE ratio of 43.77 and a beta of 1.14. IAC/InterActiveCorp has a 12-month low of $60.39 and a 12-month high of $123.68.

IAC/InterActiveCorp (NASDAQ:IAC) last posted its quarterly earnings results on Wednesday, August 2nd. The company reported $0.74 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.50 by $0.24. The business had revenue of $767.39 million during the quarter, compared to analyst estimates of $758.01 million. IAC/InterActiveCorp had a return on equity of 9.16% and a net margin of 7.66%. The business’s revenue was up 2.9% compared to the same quarter last year. During the same period in the prior year, the business earned $0.42 earnings per share. Equities research analysts forecast that IAC/InterActiveCorp will post $3.07 EPS for the current year.

TRADEMARK VIOLATION NOTICE: “Bank of America Corporation Reiterates “Buy” Rating for IAC/InterActiveCorp (IAC)” was originally published by The Ledger Gazette and is owned by of The Ledger Gazette. If you are accessing this story on another website, it was illegally copied and republished in violation of United States and international copyright laws. The correct version of this story can be viewed at https://ledgergazette.com/2017/10/10/bank-of-america-corporation-increases-iacinteractivecorp-iac-price-target-to-150-00.html.

A number of large investors have recently added to or reduced their stakes in IAC. Oak Associates Ltd. OH raised its stake in shares of IAC/InterActiveCorp by 7.0% in the second quarter. Oak Associates Ltd. OH now owns 183,473 shares of the company’s stock valued at $18,942,000 after acquiring an additional 12,050 shares in the last quarter. Dynamic Technology Lab Private Ltd raised its stake in shares of IAC/InterActiveCorp by 1.9% in the second quarter. Dynamic Technology Lab Private Ltd now owns 5,620 shares of the company’s stock valued at $581,000 after acquiring an additional 104 shares in the last quarter. Public Employees Retirement System of Ohio raised its stake in shares of IAC/InterActiveCorp by 8.0% in the second quarter. Public Employees Retirement System of Ohio now owns 29,257 shares of the company’s stock valued at $3,020,000 after acquiring an additional 2,161 shares in the last quarter. Koch Industries Inc. raised its stake in shares of IAC/InterActiveCorp by 5,988.8% in the second quarter. Koch Industries Inc. now owns 325,020 shares of the company’s stock valued at $322,000 after acquiring an additional 319,682 shares in the last quarter. Finally, EastBay Asset Manage

IAC has been the subject of several other reports. Susquehanna Bancshares Inc reiterated a “positive” rating and issued a $140.00 price objective (up from $114.00) on shares of IAC/InterActiveCorp in a research report on Wednesday, August 9th. Piper Jaffray Companies reiterated an “overweight” rating and issued a $160.00 price objective (up from $152.00) on shares of IAC/InterActiveCorp in a research report on Wednesday, October 4th. Jefferies Group LLC reiterated a “buy” rating and issued a $135.00 price objective (up from $120.00) on shares of IAC/InterActiveCorp in a research report on Wednesday, August 9th. Needham & Company LLC reiterated a “buy” rating and issued a $130.00 price objective (up from $110.00) on shares of IAC/InterActiveCorp in a research report on Wednesday, August 9th. Finally, Aegis reiterated a “buy” rating and issued a $125.00 price objective (up from $115.00) on shares of IAC/InterActiveCorp in a research report on Tuesday, August 15th. Two equities research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $121.56.

IAC/InterActiveCorp (NASDAQ IAC) traded up 0.61% during midday trading on Tuesday, hitting $122.47. The stock had a trading volume of 553,001 shares. The firm has a 50-day moving average of $114.14 and a 200-day moving average of $101.46. The company has a market cap of $9.77 billion, a PE ratio of 43.77 and a beta of 1.14. IAC/InterActiveCorp has a 12-month low of $60.39 and a 12-month high of $123.68.

IAC/InterActiveCorp (NASDAQ:IAC) last posted its quarterly earnings results on Wednesday, August 2nd. The company reported $0.74 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.50 by $0.24. The business had revenue of $767.39 million during the quarter, compared to analyst estimates of $758.01 million. IAC/InterActiveCorp had a return on equity of 9.16% and a net margin of 7.66%. The business’s revenue was up 2.9% compared to the same quarter last year. During the same period in the prior year, the business earned $0.42 earnings per share. Equities research analysts forecast that IAC/InterActiveCorp will post $3.07 EPS for the current year.

TRADEMARK VIOLATION NOTICE: “Bank of America Corporation Reiterates “Buy” Rating for IAC/InterActiveCorp (IAC)” was originally published by The Ledger Gazette and is owned by of The Ledger Gazette. If you are accessing this story on another website, it was illegally copied and republished in violation of United States and international copyright laws. The correct version of this story can be viewed at https://ledgergazette.com/2017/10/10/bank-of-america-corporation-increases-iacinteractivecorp-iac-price-target-to-150-00.html.

A number of large investors have recently added to or reduced their stakes in IAC. Oak Associates Ltd. OH raised its stake in shares of IAC/InterActiveCorp by 7.0% in the second quarter. Oak Associates Ltd. OH now owns 183,473 shares of the company’s stock valued at $18,942,000 after acquiring an additional 12,050 shares in the last quarter. Dynamic Technology Lab Private Ltd raised its stake in shares of IAC/InterActiveCorp by 1.9% in the second quarter. Dynamic Technology Lab Private Ltd now owns 5,620 shares of the company’s stock valued at $581,000 after acquiring an additional 104 shares in the last quarter. Public Employees Retirement System of Ohio raised its stake in shares of IAC/InterActiveCorp by 8.0% in the second quarter. Public Employees Retirement System of Ohio now owns 29,257 shares of the company’s stock valued at $3,020,000 after acquiring an additional 2,161 shares in the last quarter. Koch Industries Inc. raised its stake in shares of IAC/InterActiveCorp by 5,988.8% in the second quarter. Koch Industries Inc. now owns 325,020 shares of the company’s stock valued at $322,000 after acquiring an additional 319,682 shares in the last quarter. Finally, EastBay Asset Management LLC acquired a new stake in shares of IAC/InterActiveCorp in the second quarter valued at $5,165,000. Institutional investors own 85.19% of the company’s stock.

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.

Analyst Recommendations for IAC/InterActiveCorp (NASDAQ:IAC)

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