IAC/InterActiveCorp Receives Average Rating of “Hold” from Analysts (NASDAQ:IACI)
IAC/InterActiveCorp (NASDAQ:IACI) has received an average rating of “Hold” from the fifteen analysts that are covering the company, Stock Ratings News reports. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have issued a buy rating on the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $70.69.
Shares of IAC/InterActiveCorp (NASDAQ:IACI) traded up 0.38% on Friday, hitting $63.39. 190,225 shares of the company’s stock traded hands. IAC/InterActiveCorp has a 52-week low of $46.31 and a 52-week high of $80.64. The stock’s 50-day moving average is $67.59 and its 200-day moving average is $66.57. The company has a market cap of $5.264 billion and a P/E ratio of 20.42.
IAC/InterActiveCorp (NASDAQ:IACI) last announced its earnings results on Wednesday, April 30th. The company reported $0.59 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.20 by $0.39. The company had revenue of $740.20 million for the quarter, compared to the consensus estimate of $737.81 million. During the same quarter last year, the company posted $0.83 earnings per share. IAC/InterActiveCorp’s revenue was down .3% compared to the same quarter last year. On average, analysts predict that IAC/InterActiveCorp will post $3.62 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Sunday, June 1st. Stockholders of record on Thursday, May 15th will be paid a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 1.52%. The ex-dividend date is Tuesday, May 13th.
A number of analysts have recently weighed in on IACI shares. Analysts at Oppenheimer cut their price target on shares of IAC/InterActiveCorp from $85.00 to $83.00 in a research note on Thursday, May 1st. They now have an “outperform” rating on the stock. Separately, analysts at Needham & Company LLC raised their price target on shares of IAC/InterActiveCorp from $74.00 to $78.00 in a research note on Thursday, May 1st. They now have a “buy” rating on the stock. Finally, analysts at Jefferies Group raised their price target on shares of IAC/InterActiveCorp from $63.00 to $66.00 in a research note on Thursday, May 1st.
IAC/InterActiveCorp (NASDAQ:IACI) is a media and Internet company.
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