Wells Fargo & Co reissued their outperform rating on shares of IAC/InterActiveCorp (NASDAQ:IAC) in a research note released on Monday morning, The Fly reports. They currently have a $168.00 target price on the stock, up from their previous target price of $150.00.
A number of other research analysts have also recently commented on IAC. BidaskClub cut shares of IAC/InterActiveCorp from a strong-buy rating to a buy rating in a research report on Saturday, September 16th. Guggenheim reaffirmed a buy rating and issued a $130.00 target price (up previously from $120.00) on shares of IAC/InterActiveCorp in a research report on Monday, September 18th. Benchmark upped their target price 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. Zacks Investment Research raised shares of IAC/InterActiveCorp from a sell rating to a hold rating in a research report on Wednesday, October 4th. Finally, Piper Jaffray Companies reiterated an overweight rating and set a $160.00 price target (up from $152.00) on shares of IAC/InterActiveCorp in a research note on Wednesday, October 4th. Three investment analysts have rated the stock with a hold rating and twenty have given a buy rating to the company. The company currently has an average rating of Buy and an average target price of $143.62.
Shares of IAC/InterActiveCorp (IAC) traded up $1.58 during mid-day trading on Monday, hitting $133.68. 437,400 shares of the stock traded hands, compared to its average volume of 677,900. The company has a debt-to-equity ratio of 0.57, a quick ratio of 2.07 and a current ratio of 2.07. The firm has a market cap of $11,010.00, a PE ratio of 29.97, a price-to-earnings-growth ratio of 4.27 and a beta of 1.09. IAC/InterActiveCorp has a 1 year low of $66.35 and a 1 year high of $137.86.
IAC/InterActiveCorp (NASDAQ:IAC) last announced its quarterly earnings results on Wednesday, November 8th. The company reported $0.55 earnings per share for the quarter, missing the consensus estimate of $0.69 by ($0.14). IAC/InterActiveCorp had a net margin of 11.81% and a return on equity of 4.26%. The firm had revenue of $828.40 million for the quarter, compared to analyst estimates of $810.36 million. During the same period in the previous year, the firm posted $0.73 EPS. The company’s revenue was up 8.4% compared to the same quarter last year. analysts expect that IAC/InterActiveCorp will post 0.55 EPS for the current fiscal year.
In other news, CEO Joseph Levin sold 78,500 shares of the business’s stock in a transaction on Tuesday, November 21st. The stock was sold at an average price of $128.83, for a total transaction of $10,113,155.00. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Gregg Winiarski sold 62,253 shares of the company’s stock in a transaction on Tuesday, January 2nd. The shares were sold at an average price of $127.19, for a total value of $7,917,959.07. The disclosure for this sale can be found here. Insiders have sold a total of 175,929 shares of company stock valued at $22,516,569 in the last quarter. 11.30% of the stock is currently owned by insiders.
Hedge funds have recently modified their holdings of the business. Vanguard Group Inc. boosted its stake in shares of IAC/InterActiveCorp by 2.6% during the 2nd quarter. Vanguard Group Inc. now owns 5,887,254 shares of the company’s stock worth $607,801,000 after acquiring an additional 149,182 shares in the last quarter. Cheyne Capital Management UK LLP bought a new stake in IAC/InterActiveCorp during the 3rd quarter valued at approximately $418,000. Canada Pension Plan Investment Board boosted its stake in IAC/InterActiveCorp by 6.6% during the 3rd quarter. Canada Pension Plan Investment Board now owns 3,383,327 shares of the company’s stock valued at $397,812,000 after purchasing an additional 208,227 shares during the period. BlackRock Inc. lifted its position in shares of IAC/InterActiveCorp by 2.6% in the 2nd quarter. BlackRock Inc. now owns 3,275,849 shares of the company’s stock worth $338,199,000 after acquiring an additional 83,794 shares during the period. Finally, Boston Partners lifted its position in shares of IAC/InterActiveCorp by 0.8% in the 3rd quarter. Boston Partners now owns 3,074,055 shares of the company’s stock worth $361,448,000 after acquiring an additional 23,366 shares during the period. 86.61% of the stock is currently owned by institutional investors.
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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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