IAC/InterActiveCorp’s (IAC) “Buy” Rating Reaffirmed at UBS AG
IAC/InterActiveCorp (NASDAQ:IAC)‘s stock had its “buy” rating reissued by analysts at UBS AG in a report issued on Friday, 99wallstreet.com reports. They currently have a $126.00 target price on the stock, up from their prior target price of $115.00. UBS AG’s price target would suggest a potential upside of 16.65% from the company’s current price.
Other analysts have also issued reports about the stock. Stifel Nicolaus reduced their price target on shares of IAC/InterActiveCorp from $103.00 to $73.00 and set a “hold” rating for the company in a research note on Thursday, May 4th. Bank of America Corporation reaffirmed a “buy” rating and issued a $133.00 price target on shares of IAC/InterActiveCorp in a research note on Wednesday, June 14th. Wells Fargo & Company reaffirmed a “buy” rating on shares of IAC/InterActiveCorp in a research note on Thursday. Aegis reaffirmed a “buy” rating and issued a $115.00 price target on shares of IAC/InterActiveCorp in a research note on Thursday. Finally, Barclays PLC upped their price target on shares of IAC/InterActiveCorp from $82.00 to $96.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 2nd. Two investment analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company’s stock. IAC/InterActiveCorp currently has a consensus rating of “Buy” and a consensus price target of $100.10.
Shares of IAC/InterActiveCorp (NASDAQ IAC) traded down 3.20% on Friday, reaching $108.02. 1,313,253 shares of the company’s stock were exchanged. IAC/InterActiveCorp has a 1-year low of $56.41 and a 1-year high of $111.67. The company has a market capitalization of $8.52 billion, a P/E ratio of 39.28 and a beta of 1.14. 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 issued its quarterly earnings results on Wednesday, August 2nd. The company reported $0.74 earnings per share for the quarter, topping analysts’ consensus estimates of $0.50 by $0.24. The company had revenue of $767.39 million during the quarter, compared to analyst estimates of $758.01 million. IAC/InterActiveCorp had a net margin of 7.66% and a return on equity of 9.36%. The business’s revenue for the quarter was up 2.9% compared to the same quarter last year. During the same period in the prior year, the business posted $0.42 EPS. Analysts anticipate that IAC/InterActiveCorp will post $3.10 EPS for the current fiscal year.
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Several hedge funds have recently added to or reduced their stakes in the company. Creative Planning increased its stake 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 during the last quarter. Comerica Bank raised its stake in IAC/InterActiveCorp by 0.7% in the first quarter. Comerica Bank now owns 3,269 shares of the company’s stock worth $272,000 after buying an additional 23 shares in the last quarter. US Bancorp DE raised its stake in IAC/InterActiveCorp by 0.6% in the second quarter. US Bancorp DE now owns 5,261 shares of the company’s stock worth $543,000 after buying an additional 30 shares in the last quarter. Howard Hughes Medical Institute raised its stake in IAC/InterActiveCorp by 0.7% in the first quarter. Howard Hughes Medical Institute now owns 6,862 shares of the company’s stock worth $506,000 after buying an additional 50 shares in the last quarter. Finally, Greenwich Wealth Management LLC raised its stake in IAC/InterActiveCorp by 0.4% in the first quarter. Greenwich Wealth Management LLC now owns 20,350 shares of the company’s stock worth $1,500,000 after buying an additional 77 shares in the last quarter. Institutional investors and hedge funds own 83.58% 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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