IAC/InterActiveCorp (NASDAQ:IAC) had its price objective boosted by UBS AG from $135.00 to $155.00 in a report published on Friday, www.benzinga.com reports. The brokerage currently has a buy rating on the stock.
IAC has been the subject of a number of other reports. Barclays PLC increased their price target on shares of IAC/InterActiveCorp from $130.00 to $150.00 and gave the stock an overweight rating in a research report on Monday, October 23rd. Cowen and Company reissued a buy rating and issued a $115.00 price target on shares of IAC/InterActiveCorp in a research report on Sunday, July 30th. BidaskClub lowered shares of IAC/InterActiveCorp from a strong-buy rating to a buy rating in a research report on Saturday, September 16th. Benchmark Co. raised their price objective on shares of IAC/InterActiveCorp from $135.00 to $150.00 and gave the company a buy rating in a research report on Thursday, September 21st. Finally, Zacks Investment Research raised shares of IAC/InterActiveCorp from a sell rating to a hold rating in a research report on Wednesday, October 4th. One research analyst has rated the stock with a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the company. The company has an average rating of Buy and an average price target of $141.40.
IAC/InterActiveCorp (NASDAQ IAC) traded down $0.34 during midday trading on Friday, hitting $123.67. 1,472,200 shares of the stock were exchanged, compared to its average volume of 743,887. The company has a quick ratio of 2.07, a current ratio of 2.07 and a debt-to-equity ratio of 0.57. The stock has a market capitalization of $9,420.00, a price-to-earnings ratio of 99.21, a price-to-earnings-growth ratio of 6.80 and a beta of 1.12. IAC/InterActiveCorp has a 1-year low of $64.50 and a 1-year high of $137.86.
IAC/InterActiveCorp (NASDAQ:IAC) last posted its quarterly earnings results on Wednesday, November 8th. The company reported $0.55 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.69 by ($0.14). The company had revenue of $828.40 million during the quarter, compared to analysts’ expectations of $810.36 million. IAC/InterActiveCorp had a return on equity of 4.26% and a net margin of 11.81%. IAC/InterActiveCorp’s revenue for the quarter was up 8.4% compared to the same quarter last year. During the same period last year, the company earned $0.73 earnings per share. equities research analysts predict that IAC/InterActiveCorp will post 2.19 EPS for the current fiscal year.
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Institutional investors have recently made changes to their positions in the company. ClariVest Asset Management LLC acquired a new stake in shares of IAC/InterActiveCorp in the second quarter worth $133,000. FNY Partners Fund LP acquired a new stake in shares of IAC/InterActiveCorp in the second quarter worth $152,000. First Mercantile Trust Co. acquired a new stake in shares of IAC/InterActiveCorp in the second quarter worth $193,000. Virtu Financial LLC acquired a new stake in shares of IAC/InterActiveCorp in the second quarter worth $201,000. Finally, Reliance Trust Co. of Delaware acquired a new stake in shares of IAC/InterActiveCorp in the second quarter worth $202,000. Institutional investors and hedge funds own 91.44% of the company’s stock.
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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