IAC/InterActive (IAC) Now Covered by JPMorgan Chase & Co.
JPMorgan Chase & Co. assumed coverage on shares of IAC/InterActive (NYSE:IAC) in a research report issued on Tuesday. The firm set an “overweight” rating on the stock.
IAC has been the topic of a number of other reports. Zacks Investment Research cut IAC/InterActive from a “hold” rating to a “strong sell” rating in a research note on Wednesday, September 28th. Wells Fargo & Co. raised IAC/InterActive from a “market perform” rating to an “outperform” rating in a research note on Tuesday, September 20th. Jefferies Group reaffirmed a “hold” rating and set a $60.00 price objective on shares of IAC/InterActive in a research note on Tuesday, August 23rd. Axiom Securities reaffirmed a “buy” rating on shares of IAC/InterActive in a research note on Wednesday, June 22nd. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $70.00 price objective (up from $62.00) on shares of IAC/InterActive in a research note on Tuesday, June 21st. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $67.40.
IAC/InterActive (NYSE:IAC) opened at 62.40 on Tuesday. The firm’s market capitalization is $4.97 billion. IAC/InterActive has a 1-year low of $38.82 and a 1-year high of $73.15. The company’s 50-day moving average price is $59.93 and its 200-day moving average price is $55.47.
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IAC/InterActive (NYSE:IAC) last released its earnings results on Wednesday, July 27th. The company reported $0.42 EPS for the quarter, missing the Zacks’ consensus estimate of $0.50 by $0.08. The company earned $745.40 million during the quarter, compared to analyst estimates of $748.73 million. The firm’s revenue was down 3.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.85 earnings per share. Equities research analysts expect that IAC/InterActive will post $2.58 earnings per share for the current fiscal year.
Several institutional investors have recently added to or reduced their stakes in IAC. American International Group Inc. acquired a new position in IAC/InterActive during the second quarter valued at about $105,000. NCM Capital Advisers Inc. acquired a new position in IAC/InterActive during the second quarter valued at about $126,000. OLD Mutual Customised Solutions Proprietary Ltd. acquired a new position in IAC/InterActive during the second quarter valued at about $135,000. 1832 Asset Management L.P. acquired a new position in IAC/InterActive during the second quarter valued at about $161,000. Finally, Tower Research Capital LLC TRC acquired a new position in IAC/InterActive during the second quarter valued at about $192,000.
IAC/InterActive Company Profile
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