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Shares of IAC/InterActiveCorp (NASDAQ:IACI) were the recipient of a large growth in short interest during the month of July. As of July 31st, there was short interest totalling 4,054,465 shares, a growth of 66.7% from the July 15th total of 2,432,346 shares, StockRatingsNetwork.com reports. Approximately 5.3% of the company’s stock are sold short. Based on an average daily trading volume, of 1,577,790 shares, the short-interest ratio is presently 2.6 days.

In other IAC/InterActiveCorp news, Director Bryan Lourd sold 7,785 shares of the company’s stock in a transaction that occurred on Friday, August 1st. The shares were sold at an average price of $66.50, for a total transaction of $517,702.50. The sale was disclosed in a legal filing with the SEC, which is available at this link.

Several analysts have recently commented on the stock. Analysts at Credit Suisse reiterated an “outperform” rating on shares of IAC/InterActiveCorp in a research note on Thursday, July 31st. They now have a $75.00 price target on the stock, down previously from $76.00. Separately, analysts at Benchmark Co. raised their price target on shares of IAC/InterActiveCorp from $77.00 to $80.00 in a research note on Thursday, July 31st. They now have a “buy” rating on the stock. Finally, analysts at Canaccord Genuity raised their price target on shares of IAC/InterActiveCorp from $62.00 to $67.00 in a research note on Thursday, July 31st. They now have a “hold” rating on the stock. One analyst has rated the stock with a sell rating, six have issued a hold rating and six have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $74.91.

IAC/InterActiveCorp (NASDAQ:IACI) opened at 64.97 on Tuesday. IAC/InterActiveCorp has a 52 week low of $49.03 and a 52 week high of $80.64. The stock has a 50-day moving average of $66.89 and a 200-day moving average of $68.68. The company has a market cap of $5.418 billion and a P/E ratio of 29.20.

IAC/InterActiveCorp (NASDAQ:IACI) last issued its quarterly earnings data on Wednesday, July 30th. The company reported $0.04 earnings per share (EPS) for the quarter, missing the 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 in the previous year, the company posted $0.95 earnings per share. The company’s revenue for the quarter was down 4.3% on a year-over-year basis. On average, analysts predict that IAC/InterActiveCorp will post $2.17 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which is scheduled for Monday, September 1st. Stockholders of record on Friday, August 15th will be paid a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a dividend yield of 2.09%. The ex-dividend date is Wednesday, August 13th. This is a boost from IAC/InterActiveCorp’s previous quarterly dividend of $0.24.

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

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