Gregg Winiarski Sells 95,833 Shares of IAC/InterActiveCorp Stock (IACI)
IAC/InterActiveCorp (NASDAQ:IACI) EVP Gregg Winiarski sold 95,833 shares of the company’s stock in a transaction dated Wednesday, August 13th. The shares were sold at an average price of $64.83, for a total value of $6,212,853.39. Following 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 legal filing with the Securities & Exchange Commission, which can be accessed through this link.
IACI has been the subject of a number of recent research reports. 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 analyst has rated the stock with a sell rating, six have given a hold rating and seven have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $75.75.
Shares of IAC/InterActiveCorp (NASDAQ:IACI) traded up 1.52% during mid-day trading on Friday, hitting $67.39. 1,067,064 shares of the company’s stock traded hands. 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 $66.49 and a 200-day moving average of $68.5. The company has a market cap of $5.619 billion and a price-to-earnings ratio of 30.27.
IAC/InterActiveCorp (NASDAQ:IACI) last posted its quarterly 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. 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 2.02%. 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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