IAC/InterActiveCorp (NASDAQ:IAC)‘s stock had its “overweight” rating reiterated by research analysts at Barclays PLC in a research note issued to investors on Friday, August 4th. They presently have a $130.00 price target on the stock, up from their previous price target of $105.00. Barclays PLC’s price objective would indicate a potential upside of 23.90% from the stock’s current price.
Several other brokerages have also recently issued reports on IAC. Jefferies Group LLC reissued a “buy” rating and issued a $92.00 price objective on shares of IAC/InterActiveCorp in a research note on Tuesday, May 2nd. Susquehanna Bancshares Inc reissued a “positive” rating and issued a $114.00 price objective (up from $94.00) on shares of IAC/InterActiveCorp in a research note on Friday, May 5th. Piper Jaffray Companies reissued an “overweight” rating and issued a $130.00 price objective (up from $111.00) on shares of IAC/InterActiveCorp in a research note on Sunday, May 28th. Wells Fargo & Company reissued a “buy” rating on shares of IAC/InterActiveCorp in a research note on Friday, May 5th. Finally, BMO Capital Markets dropped their price objective on shares of IAC/InterActiveCorp from $115.00 to $88.00 and set an “outperform” rating on the stock in a research note on Wednesday, May 3rd. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and nineteen have issued a buy rating to the stock. IAC/InterActiveCorp currently has an average rating of “Buy” and a consensus target price of $108.45.
IAC/InterActiveCorp (NASDAQ:IAC) traded up 0.91% during mid-day trading on Friday, hitting $104.92. 408,842 shares of the stock were exchanged. The firm has a market cap of $8.37 billion, a price-to-earnings ratio of 37.50 and a beta of 1.14. IAC/InterActiveCorp has a 52-week low of $56.51 and a 52-week high of $114.72. The company has a 50 day moving average price of $105.24 and a 200 day moving average price of $91.09.
IAC/InterActiveCorp (NASDAQ:IAC) last announced its quarterly earnings data on Wednesday, August 2nd. The company reported $0.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.50 by $0.24. The company had revenue of $767.39 million for the quarter, compared to analysts’ expectations of $758.01 million. IAC/InterActiveCorp had a net margin of 7.66% and a return on equity of 9.16%. IAC/InterActiveCorp’s revenue was up 2.9% compared to the same quarter last year. During the same period in the previous year, the company posted $0.42 EPS. On average, analysts anticipate that IAC/InterActiveCorp will post $3.06 EPS for the current year.
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Large investors have recently modified their holdings of the stock. ClariVest Asset Management LLC acquired a new stake in shares of IAC/InterActiveCorp during the second quarter worth approximately $133,000. FNY Partners Fund LP acquired a new stake in shares of IAC/InterActiveCorp during the second quarter worth approximately $152,000. Creative Planning boosted its stake in shares of IAC/InterActiveCorp by 0.6% in the first quarter. Creative Planning now owns 1,687 shares of the company’s stock worth $124,000 after buying an additional 10 shares during the last quarter. First Mercantile Trust Co. purchased a new position in IAC/InterActiveCorp during the second quarter worth about $193,000. Finally, Virtu Financial LLC purchased a new position in IAC/InterActiveCorp during the second quarter worth about $201,000. 85.12% of the stock is currently owned by hedge funds and other institutional investors.
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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