IAC/InterActiveCorp’s (IAC) “Overweight” Rating Reiterated at Barclays PLC
IAC/InterActiveCorp (NASDAQ:IAC)‘s stock had its “overweight” rating restated by equities research analysts at Barclays PLC in a research report issued to clients and investors on Friday. They presently have a $130.00 price objective on the stock, up from their previous price objective of $105.00. Barclays PLC’s price target suggests a potential upside of 22.99% from the company’s previous close.
A number of other research firms also recently issued reports on IAC. Zacks Investment Research upgraded IAC/InterActiveCorp from a “strong sell” rating to a “hold” rating in a research note on Thursday, April 20th. Jefferies Group LLC restated a “buy” rating and set a $92.00 price target on shares of IAC/InterActiveCorp in a research note on Tuesday, May 2nd. Stifel Nicolaus cut their price target on IAC/InterActiveCorp from $103.00 to $73.00 and set a “hold” rating for the company in a research note on Thursday, May 4th. Guggenheim upgraded IAC/InterActiveCorp from a “neutral” rating to a “buy” rating and set a $120.00 price target for the company in a research note on Friday, May 5th. Finally, Bank of America Corporation restated a “buy” rating and set a $133.00 price target on shares of IAC/InterActiveCorp in a research note on Wednesday, June 14th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and nineteen have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $105.55.
IAC/InterActiveCorp (NASDAQ:IAC) traded down 0.92% during midday trading on Friday, reaching $104.73. 156,755 shares of the company’s stock traded hands. The stock has a market cap of $8.26 billion, a PE ratio of 38.08 and a beta of 1.14. IAC/InterActiveCorp has a one year low of $56.41 and a one year high of $109.80. The stock’s 50 day moving average price is $104.54 and its 200-day moving average price is $88.20.
IAC/InterActiveCorp (NASDAQ:IAC) last released its quarterly earnings data on Wednesday, August 2nd. The company reported $0.74 EPS for the quarter, topping the consensus estimate of $0.50 by $0.24. IAC/InterActiveCorp had a return on equity of 9.16% and a net margin of 7.66%. The company had revenue of $767.39 million during the quarter, compared to the consensus estimate of $758.01 million. During the same period last year, the company earned $0.42 EPS. IAC/InterActiveCorp’s revenue for the quarter was up 2.9% on a year-over-year basis. Equities analysts predict that IAC/InterActiveCorp will post $3.06 earnings per share for the current year.
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A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Creative Planning boosted its position in IAC/InterActiveCorp by 0.6% in the first quarter. Creative Planning now owns 1,687 shares of the company’s stock worth $124,000 after buying an additional 10 shares in the last quarter. ClariVest Asset Management LLC acquired a new position in IAC/InterActiveCorp during the second quarter worth approximately $133,000. First Mercantile Trust Co. acquired a new position in IAC/InterActiveCorp during the second quarter worth approximately $193,000. Engineers Gate Manager LP acquired a new position in IAC/InterActiveCorp during the first quarter worth approximately $201,000. Finally, Virtu Financial LLC acquired a new position in IAC/InterActiveCorp during the second quarter worth approximately $201,000. 85.22% of the stock is currently owned by institutional investors.
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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