IAC/InterActiveCorp (IAC) PT Raised to $145.00
IAC/InterActiveCorp (NASDAQ:IAC) had its price objective upped by analysts at Piper Jaffray Companies to $145.00 in a note issued to investors on Wednesday, The Fly reports. The firm currently has an “overweight” rating on the stock. Piper Jaffray Companies’ target price suggests a potential upside of 38.11% from the company’s current price.
Several other analysts also recently weighed in on IAC. Aegis restated a “buy” rating and issued a $125.00 price objective (up from $115.00) on shares of IAC/InterActiveCorp in a report on Tuesday. Oppenheimer Holdings, Inc. restated an “outperform” rating and issued a $127.00 price objective (up from $120.00) on shares of IAC/InterActiveCorp in a report on Wednesday, August 9th. Jefferies Group LLC restated a “buy” rating and issued a $135.00 price objective (up from $120.00) on shares of IAC/InterActiveCorp in a report on Wednesday, August 9th. Susquehanna Bancshares Inc restated a “positive” rating and issued a $140.00 price objective (up from $114.00) on shares of IAC/InterActiveCorp in a report on Wednesday, August 9th. Finally, Needham & Company LLC restated a “buy” rating and issued a $130.00 price objective (up from $110.00) on shares of IAC/InterActiveCorp in a report on Wednesday, August 9th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and nineteen have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $108.45.
IAC/InterActiveCorp (IAC) opened at 104.99 on Wednesday. The company has a market capitalization of $8.37 billion, a price-to-earnings ratio of 37.52 and a beta of 1.14. The company has a 50 day moving average of $105.18 and a 200 day moving average of $90.63. IAC/InterActiveCorp has a 52 week low of $56.41 and a 52 week high of $114.72.
IAC/InterActiveCorp (NASDAQ:IAC) last issued its earnings results on Wednesday, August 2nd. The company reported $0.74 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.50 by $0.24. The firm 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 9.16%. The business’s revenue was up 2.9% on a year-over-year basis. During the same period in the previous year, the firm earned $0.42 earnings per share. On average, equities analysts forecast that IAC/InterActiveCorp will post $3.06 EPS for the current fiscal year.
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Several large investors have recently modified their holdings of the company. Creative Planning raised its stake in shares of 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. NCM Capital Advisers Inc. acquired a new stake in shares of IAC/InterActiveCorp during the second quarter worth $126,000. ClariVest Asset Management LLC acquired a new stake in shares of IAC/InterActiveCorp during the second quarter worth $133,000. FNY Partners Fund LP acquired a new stake in shares of IAC/InterActiveCorp during the second quarter worth $152,000. Finally, Sowell Financial Services LLC acquired a new stake in shares of IAC/InterActiveCorp during the fourth quarter worth $162,000. Institutional investors and hedge funds own 85.12% of the company’s stock.
IAC/InterActiveCorp Company Profile
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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