IAC/InterActiveCorp’s (IAC) “Buy” Rating Reaffirmed at BMO Capital Markets

IAC/InterActiveCorp (NASDAQ:IAC)‘s stock had its “buy” rating reissued by analysts at BMO Capital Markets in a research note issued on Friday. They presently have a $160.00 target price on the stock, up from their prior target price of $130.00. BMO Capital Markets’ price objective would indicate a potential upside of 28.19% from the stock’s current price.

A number of other research firms have also recently issued reports on IAC. Jefferies Group LLC reissued a “buy” rating on shares of IAC/InterActiveCorp in a research note on Wednesday. Goldman Sachs Group, Inc. (The) reissued a “buy” rating and issued a $150.00 price target on shares of IAC/InterActiveCorp in a research note on Wednesday. Piper Jaffray Companies reissued an “overweight” rating and issued a $160.00 price target (up previously from $152.00) on shares of IAC/InterActiveCorp in a research note on Wednesday, October 4th. Oppenheimer Holdings, Inc. reissued a “buy” rating and issued a $141.00 price target (up previously from $127.00) on shares of IAC/InterActiveCorp in a research note on Thursday, October 5th. Finally, Citigroup Inc. reissued a “buy” rating and issued a $142.00 price target (up previously from $130.00) on shares of IAC/InterActiveCorp in a research note on Monday. Two analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $129.56.

IAC/InterActiveCorp (NASDAQ:IAC) last released 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. IAC/InterActiveCorp had a net margin of 7.66% and a return on equity of 9.16%. The firm had revenue of $767.39 million for the quarter, compared to analysts’ expectations of $758.01 million. During the same quarter last year, the company earned $0.42 EPS. The firm’s revenue for the quarter was up 2.9% compared to the same quarter last year.

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Several hedge funds and other institutional investors have recently bought and sold shares of the company. Oak Associates Ltd. OH raised its holdings in shares of IAC/InterActiveCorp by 7.0% during the 2nd quarter. Oak Associates Ltd. OH now owns 183,473 shares of the company’s stock worth $18,942,000 after acquiring an additional 12,050 shares during the period. Dynamic Technology Lab Private Ltd raised its holdings in shares of IAC/InterActiveCorp by 1.9% during the 2nd quarter. Dynamic Technology Lab Private Ltd now owns 5,620 shares of the company’s stock worth $581,000 after acquiring an additional 104 shares during the period. Public Employees Retirement System of Ohio raised its holdings in shares of IAC/InterActiveCorp by 8.0% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 29,257 shares of the company’s stock worth $3,020,000 after acquiring an additional 2,161 shares during the period. Koch Industries Inc. raised its holdings in shares of IAC/InterActiveCorp by 5,988.8% during the 2nd quarter. Koch Industries Inc. now owns 325,020 shares of the company’s stock worth $322,000 after acquiring an additional 319,682 shares during the period. Finally, EastBay Asset Management LLC purchased a new position in shares of IAC/InterActiveCorp during the 2nd quarter worth $5,165,000. Institutional investors and hedge funds 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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