Cowen and Company reissued their buy rating on shares of IAC/InterActiveCorp (NASDAQ:IAC) in a research report report published on Friday morning. The firm currently has a $155.00 price objective on the stock.
IAC has been the subject of a number of other reports. Susquehanna Bancshares Inc reiterated a positive rating and issued a $140.00 target price (up from $114.00) on shares of IAC/InterActiveCorp in a research report on Wednesday, August 9th. BidaskClub upgraded shares of IAC/InterActiveCorp from a buy rating to a strong-buy rating in a research report on Friday, October 13th. Goldman Sachs Group, Inc. (The) reiterated a buy rating and issued a $150.00 target price on shares of IAC/InterActiveCorp in a research report on Wednesday, October 11th. Needham & Company LLC upped their price objective on shares of IAC/InterActiveCorp from $130.00 to $150.00 and gave the company a buy rating in a report on Friday. Finally, Guggenheim reissued a buy rating and issued a $135.00 price objective (up previously from $130.00) on shares of IAC/InterActiveCorp in a report on Tuesday, October 3rd. One research analyst has rated the stock with a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of Buy and an average target price of $141.40.
Shares of IAC/InterActiveCorp (NASDAQ IAC) opened at $124.01 on Friday. The company has a market cap of $9,890.17, a PE ratio of 99.21, a PEG ratio of 6.80 and a beta of 1.12. The company has a debt-to-equity ratio of 0.72, a current ratio of 2.94 and a quick ratio of 2.94. IAC/InterActiveCorp has a 12-month low of $64.50 and a 12-month high of $137.86.
IAC/InterActiveCorp (NASDAQ:IAC) last issued its earnings results on Wednesday, November 8th. The company reported $0.55 EPS for the quarter, missing the Zacks’ consensus estimate of $0.69 by ($0.14). The business had revenue of $828.40 million during the quarter, compared to analyst estimates of $810.36 million. IAC/InterActiveCorp had a net margin of 11.81% and a return on equity of 4.70%. IAC/InterActiveCorp’s quarterly revenue was up 8.4% on a year-over-year basis. During the same quarter last year, the company earned $0.73 earnings per share. sell-side analysts anticipate that IAC/InterActiveCorp will post 2.19 EPS for the current fiscal year.
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Several hedge funds and other institutional investors have recently bought and sold shares of IAC. Principal Financial Group Inc. purchased a new position in shares of IAC/InterActiveCorp in the first quarter valued at approximately $1,030,000. Wellington Management Group LLP purchased a new position in shares of IAC/InterActiveCorp in the first quarter valued at approximately $560,000. Renaissance Technologies LLC boosted its stake in shares of IAC/InterActiveCorp by 282.3% in the first quarter. Renaissance Technologies LLC now owns 174,727 shares of the company’s stock valued at $12,881,000 after purchasing an additional 129,027 shares during the period. BlackRock Inc. boosted its stake in shares of IAC/InterActiveCorp by 25,135.6% in the first quarter. BlackRock Inc. now owns 3,192,055 shares of the company’s stock valued at $235,319,000 after purchasing an additional 3,179,406 shares during the period. Finally, State Street Corp boosted its stake in shares of IAC/InterActiveCorp by 2.1% in the first quarter. State Street Corp now owns 1,119,128 shares of the company’s stock valued at $82,505,000 after purchasing an additional 22,620 shares during the period. 85.43% of the stock is owned by institutional investors and hedge funds.
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.
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