Shares of IAC/InterActive (NYSE:IAC) rose 3.8% on Tuesday . The stock traded as high as $60.52 and last traded at $60.44, with a volume of 343,879 shares trading hands. The stock had previously closed at $58.20.

IAC has been the subject of several recent research reports. Jefferies Group reiterated a “hold” rating and set a $60.00 target price on shares of IAC/InterActive in a research note on Tuesday, August 23rd. Axiom Securities reiterated a “buy” rating on shares of IAC/InterActive in a research note on Wednesday, June 22nd. BMO Capital Markets initiated coverage on shares of IAC/InterActive in a research note on Tuesday, June 7th. They set an “outperform” rating and a $70.00 target price for the company. Zacks Investment Research lowered shares of IAC/InterActive from a “buy” rating to a “hold” rating in a research note on Wednesday, July 6th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $70.00 target price (up previously from $62.00) on shares of IAC/InterActive in a research note on Tuesday, June 21st. Seven investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $67.00.

The company’s market capitalization is $4.83 billion. The stock’s 50-day moving average price is $58.51 and its 200 day moving average price is $53.77.

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IAC/InterActive (NYSE:IAC) last posted its quarterly earnings data on Wednesday, July 27th. The company reported $0.42 earnings per share for the quarter, missing the consensus estimate of $0.50 by $0.08. The firm earned $745.40 million during the quarter, compared to the consensus estimate of $748.73 million. The company’s revenue for the quarter was down 3.3% compared to the same quarter last year. During the same period last year, the company earned $0.85 earnings per share. Equities research analysts forecast that IAC/InterActive will post $2.58 earnings per share for the current fiscal year.

Hedge funds and other institutional investors have recently modified their holdings of the company. Howard Hughes Medical Institute purchased a new position in shares of IAC/InterActive during the second quarter valued at approximately $402,000. Contrarius Investment Management Ltd purchased a new position in shares of IAC/InterActive during the second quarter valued at approximately $3,104,000. KBC Group NV purchased a new position in shares of IAC/InterActive during the second quarter valued at approximately $1,777,000. Swiss National Bank purchased a new position in shares of IAC/InterActive during the second quarter valued at approximately $7,178,000. Finally, Suntrust Banks Inc. purchased a new position in shares of IAC/InterActive during the second quarter valued at approximately $318,000.

IAC/InterActive Company Profile

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