IAC/InterActiveCorp’s (IAC) “Buy” Rating Reiterated at Needham & Company LLC

Needham & Company LLC reaffirmed their buy rating on shares of IAC/InterActiveCorp (NASDAQ:IAC) in a research report report published on Wednesday morning. They currently have a $130.00 price objective on the stock, up from their prior price objective of $110.00.

Other equities analysts have also recently issued reports about the stock. Zacks Investment Research raised shares of IAC/InterActiveCorp from a strong sell rating to a hold rating in a research note on Thursday, April 20th. Susquehanna Bancshares Inc reissued a positive rating and issued a $114.00 target price (up from $94.00) on shares of IAC/InterActiveCorp in a research note on Friday, May 5th. Guggenheim raised shares of IAC/InterActiveCorp from a neutral rating to a buy rating and set a $120.00 target price for the company in a research note on Friday, May 5th. BMO Capital Markets decreased their target price on shares of IAC/InterActiveCorp from $115.00 to $88.00 and set an outperform rating for the company in a research note on Wednesday, May 3rd. Finally, Cowen and Company reaffirmed an outperform rating and set a $90.00 price objective on shares of IAC/InterActiveCorp in a research report on Monday, April 24th. 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 company’s stock. IAC/InterActiveCorp presently has a consensus rating of Buy and an average price target of $107.20.

IAC/InterActiveCorp (NASDAQ IAC) traded up 2.38% during mid-day trading on Wednesday, hitting $103.44. 446,117 shares of the company were exchanged. IAC/InterActiveCorp has a 12-month low of $56.41 and a 12-month high of $114.72. The company has a 50 day moving average of $105.20 and a 200 day moving average of $89.84. The stock has a market cap of $8.25 billion, a P/E ratio of 36.97 and a beta of 1.14.

IAC/InterActiveCorp (NASDAQ:IAC) last posted its quarterly earnings data on Wednesday, August 2nd. The company reported $0.74 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.50 by $0.24. IAC/InterActiveCorp had a net margin of 7.66% and a return on equity of 9.16%. The company had revenue of $767.39 million for the quarter, compared to the consensus estimate of $758.01 million. During the same period last year, the company earned $0.42 earnings per share. The firm’s revenue was up 2.9% compared to the same quarter last year. On average, equities research analysts expect that IAC/InterActiveCorp will post $3.06 earnings per share for the current fiscal year.

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Several institutional investors have recently bought and sold shares of the company. Creative Planning boosted its position in 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. Bank of Montreal Can boosted its position in IAC/InterActiveCorp by 21.9% in the first quarter. Bank of Montreal Can now owns 4,742 shares of the company’s stock worth $350,000 after buying an additional 851 shares during the last quarter. Regent Investment Management LLC acquired a new position in IAC/InterActiveCorp during the first quarter worth about $992,000. Bollard Group LLC boosted its position in IAC/InterActiveCorp by 13.3% in the first quarter. Bollard Group LLC now owns 25,614 shares of the company’s stock worth $1,888,000 after buying an additional 3,000 shares during the last quarter. Finally, Douglas Lane & Associates LLC boosted its position in IAC/InterActiveCorp by 26.7% in the first quarter. Douglas Lane & Associates LLC now owns 587,837 shares of the company’s stock worth $43,335,000 after buying an additional 123,853 shares during the last quarter. Hedge funds and other institutional investors own 85.22% of the company’s stock.

About IAC/InterActiveCorp

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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