IAC/InterActiveCorp EVP Unloads $6,212,853 in Stock (IACI)
IAC/InterActiveCorp (NASDAQ:IACI) EVP Gregg Winiarski sold 95,833 shares of the company’s stock in a transaction that occurred on Wednesday, August 13th. The stock was sold at an average price of $64.83, for a total value of $6,212,853.39. Following the completion of the transaction, the executive vice president now directly owns 21,372 shares of the company’s stock, valued at approximately $1,385,547. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
A number of research firms have recently commented on IACI. Analysts at Maxim Group initiated coverage on shares of IAC/InterActiveCorp in a research note on Thursday. They set a “buy” rating and a $85.00 price target on the stock. Separately, 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. Finally, 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. One research analyst has rated the stock with a sell rating, six have issued a hold rating and seven have assigned a buy rating to the stock. IAC/InterActiveCorp presently has a consensus rating of “Hold” and an average price target of $75.75.
Shares of IAC/InterActiveCorp (NASDAQ:IACI) traded up 1.55% during mid-day trading on Friday, hitting $67.41. 1,066,964 shares of the company’s stock traded hands. IAC/InterActiveCorp has a 1-year low of $49.03 and a 1-year high of $80.64. The stock’s 50-day moving average is $66.54 and its 200-day moving average is $68.5. The company has a market cap of $5.621 billion and a P/E ratio of 30.27. IAC/InterActiveCorp also was the target of a significant increase in short interest in July. As of July 31st, there was short interest totalling 4,054,465 shares, an increase of 66.7% from the July 15th total of 2,432,346 shares. Based on an average daily trading volume, of 1,577,790 shares, the days-to-cover ratio is currently 2.6 days. Approximately 5.3% of the company’s stock are sold short.
IAC/InterActiveCorp (NASDAQ:IACI) last announced its earnings results 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. Analysts expect that IAC/InterActiveCorp will post $2.17 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Monday, September 1st. Stockholders of record on Friday, August 15th will be given a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a yield of 2.05%. The ex-dividend date of this dividend 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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.