IAC/InterActiveCorp Director David S. Rosenblatt Sells 7,500 Shares (IACI)
IAC/InterActiveCorp (NASDAQ:IACI) Director David S. Rosenblatt sold 7,500 shares of the stock in a transaction dated Wednesday, August 20th. The shares were sold at an average price of $68.27, for a total value of $512,025.00. Following the completion of the transaction, the director now directly owns 43,745 shares in the company, valued at approximately $2,986,471. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
IAC/InterActiveCorp (NASDAQ:IACI) traded up 0.16% on Friday, hitting $68.49. 872,402 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 $66.38 and its 200-day moving average is $68.49. The company has a market cap of $5.711 billion and a P/E ratio of 31.18.
IAC/InterActiveCorp (NASDAQ:IACI) last posted its quarterly 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 $2.17 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Monday, September 1st. Investors 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 1.99%. The ex-dividend date is Wednesday, August 13th. This is an increase from IAC/InterActiveCorp’s previous quarterly dividend of $0.24.
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, August 14th. 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 investment analyst has rated the stock with a sell rating, six have issued a hold rating and seven have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $75.75.
IAC/InterActiveCorp (NASDAQ:IACI) is a media and Internet company.
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