Insight Wealth Strategies LLC Has $608,000 Stake in IAC/InterActiveCorp (NASDAQ:IAC)

Insight Wealth Strategies LLC boosted its position in shares of IAC/InterActiveCorp (NASDAQ:IAC) by 4.8% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,811 shares of the company’s stock after buying an additional 129 shares during the period. Insight Wealth Strategies LLC’s holdings in IAC/InterActiveCorp were worth $608,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Meeder Asset Management Inc. boosted its stake in shares of IAC/InterActiveCorp by 103.1% in the 1st quarter. Meeder Asset Management Inc. now owns 132 shares of the company’s stock valued at $29,000 after purchasing an additional 67 shares in the last quarter. Tacita Capital Inc acquired a new stake in shares of IAC/InterActiveCorp in the 4th quarter valued at approximately $27,000. TRU Independence Asset Management 2 LLC acquired a new stake in shares of IAC/InterActiveCorp in the 4th quarter valued at approximately $27,000. Encompass Wealth Advisors LLC acquired a new stake in shares of IAC/InterActiveCorp in the 4th quarter valued at approximately $27,000. Finally, Berman Capital Advisors LLC boosted its stake in shares of IAC/InterActiveCorp by 151.8% in the 1st quarter. Berman Capital Advisors LLC now owns 141 shares of the company’s stock valued at $29,000 after purchasing an additional 85 shares in the last quarter. Hedge funds and other institutional investors own 86.19% of the company’s stock.

NASDAQ:IAC opened at $149.95 on Friday. The company has a fifty day moving average of $219.04. The company has a market cap of $12.50 billion and a price-to-earnings ratio of 15.30. IAC/InterActiveCorp has a twelve month low of $66.81 and a twelve month high of $179.12.

IAC/InterActiveCorp (NASDAQ:IAC) last posted its quarterly earnings results on Thursday, May 6th. The company reported $3.46 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.49) by $3.95. The business had revenue of $876.00 million during the quarter, compared to analyst estimates of $824.48 million. During the same period in the previous year, the business posted ($2.49) EPS. The business’s revenue for the quarter was up 28.1% compared to the same quarter last year. As a group, analysts forecast that IAC/InterActiveCorp will post -2.51 EPS for the current fiscal year.

A number of equities research analysts have recently weighed in on the stock. Credit Suisse Group raised their price target on shares of IAC/InterActiveCorp from $253.00 to $291.00 and gave the company an “outperform” rating in a research note on Thursday, May 6th. Truist Securities dropped their price objective on shares of IAC/InterActiveCorp from $255.00 to $200.00 and set a “buy” rating for the company in a report on Friday, June 4th. Wedbush dropped their price objective on shares of IAC/InterActiveCorp from $276.00 to $193.00 and set an “outperform” rating for the company in a report on Wednesday, May 26th. BTIG Research lowered shares of IAC/InterActiveCorp from a “buy” rating to a “neutral” rating in a report on Thursday, May 27th. They noted that the move was a valuation call. Finally, Barclays raised their price target on shares of IAC/InterActiveCorp from $270.00 to $290.00 in a report on Monday, May 10th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and seventeen have given a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $221.87.

About IAC/InterActiveCorp

IAC/InterActiveCorp operates as a media and internet company worldwide. The company offers digital marketplace service which connects consumers with service professionals for repairing, remodeling, cleaning, and landscaping solutions under the HomeAdvisor, Angie's List, and Handy brands; Vimeo, a cloud-based software platform for professionals, teams, and organizations to create, collaborate, and communicate with video; and Dotdash, a portfolio of digital publishing brands that provides information and inspiration in select vertical content categories, as well as provides original and engaging digital content in a various formats, including articles, illustrations, videos, and images.

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Institutional Ownership by Quarter for IAC/InterActiveCorp (NASDAQ:IAC)

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