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Analysts at Topeka Capital Markets cut their price target on shares of IAC/InterActiveCorp (NASDAQ:IACI) from $98.00 to $94.00 in a research report issued to clients and investors on Thursday. The firm currently has a “buy” rating on the stock. Topeka Capital Markets’ price objective indicates a potential upside of 34.48% from the stock’s previous close.

Shares of IAC/InterActiveCorp (NASDAQ:IACI) opened at 68.99 on Thursday. IAC/InterActiveCorp has a 1-year low of $48.65 and a 1-year high of $80.64. The stock’s 50-day moving average is $67.69 and its 200-day moving average is $69.05. The company has a market cap of $5.729 billion and a P/E ratio of 22.60.

IAC/InterActiveCorp (NASDAQ:IACI) last announced its earnings results on Wednesday, July 30th. The company reported $0.04 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.81 by $0.77. The company had revenue of $756.30 million for the quarter, compared to the consensus estimate of $794.40 million. During the same quarter last year, the company posted $0.95 earnings per share. IAC/InterActiveCorp’s revenue was down 4.3% compared to the same quarter last year. Analysts expect that IAC/InterActiveCorp will post $3.60 EPS for the current fiscal year.

IAC/InterActiveCorp (NASDAQ:IACI) is a media and Internet company.

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