IAC/InterActiveCorp (IAC) Receives Average Rating of “Buy” from Brokerages
IAC/InterActiveCorp (NASDAQ:IAC) has earned a consensus rating of “Buy” from the twenty-two analysts that are covering the firm, MarketBeat reports. Two investment analysts have rated the stock with a hold rating and nineteen have issued a buy rating on the company. The average 1 year price target among brokers that have covered the stock in the last year is $99.56.
IAC has been the topic of several research analyst reports. Cowen and Company boosted their price target on shares of IAC/InterActiveCorp from $86.00 to $90.00 and gave the stock an “outperform” rating in a research note on Thursday, March 23rd. Citigroup Inc. initiated coverage on shares of IAC/InterActiveCorp in a research note on Monday, March 27th. They issued a “buy” rating and a $89.00 price target on the stock. Zacks Investment Research upgraded shares of IAC/InterActiveCorp from a “strong sell” rating to a “hold” rating in a research note on Monday, April 3rd. Piper Jaffray Companies initiated coverage on shares of IAC/InterActiveCorp in a research note on Tuesday, April 4th. They issued an “overweight” rating and a $94.00 price target on the stock. Finally, Jefferies Group LLC reiterated a “hold” rating and issued a $85.00 price target on shares of IAC/InterActiveCorp in a research note on Monday, April 10th.
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IAC/InterActiveCorp (NASDAQ IAC) traded up 1.93% on Tuesday, hitting $108.73. 575,153 shares of the stock traded hands. The stock’s market cap is $8.56 billion. IAC/InterActiveCorp has a 52-week low of $56.41 and a 52-week high of $109.16. The company’s 50 day moving average price is $103.98 and its 200-day moving average price is $82.03.
IAC/InterActiveCorp (NASDAQ:IAC) last announced its quarterly earnings results on Wednesday, May 3rd. The company reported $0.29 EPS for the quarter, missing the consensus estimate of $0.33 by $0.04. The company had revenue of $760.80 million during the quarter, compared to analysts’ expectations of $718.31 million. IAC/InterActiveCorp had a positive return on equity of 8.43% and a negative net margin of 0.76%. The firm’s revenue for the quarter was down 7.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.42 EPS. On average, analysts forecast that IAC/InterActiveCorp will post $3.06 earnings per share for the current fiscal year.
A number of institutional investors have recently modified their holdings of the stock. BlackRock Inc. increased its position in shares of IAC/InterActiveCorp by 25,135.6% in the first quarter. BlackRock Inc. now owns 3,192,055 shares of the company’s stock valued at $235,319,000 after buying an additional 3,179,406 shares during the last quarter. Norges Bank purchased a new position in shares of IAC/InterActiveCorp during the fourth quarter valued at approximately $50,583,000. Henderson Group PLC purchased a new position in shares of IAC/InterActiveCorp during the first quarter valued at approximately $28,156,000. GMT Capital Corp purchased a new position in shares of IAC/InterActiveCorp during the first quarter valued at approximately $20,472,000. Finally, Boston Partners increased its position in shares of IAC/InterActiveCorp by 8.8% in the first quarter. Boston Partners now owns 2,993,000 shares of the company’s stock valued at $220,644,000 after buying an additional 242,391 shares during the last quarter. Institutional investors own 83.37% of the company’s stock.
IAC/InterActiveCorp (IAC) is a media and Internet company. The Company’s brands include HomeAdvisor, Vimeo, Dictionary.com and Match Group’s online dating portfolio, which includes Tinder, PlentyOfFish and OkCupid. Its segments include Match Group, HomeAdvisor, Video, Applications and Publishing. Match Group includes the dating and non-dating businesses of Match Group, Inc HomeAdvisor is a home services digital marketplace that helps connect consumers with home professionals in North America, as well as in France, the Netherlands and Italy under various brands.
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