IAC/InterActiveCorp (IAC) Upgraded to “Strong-Buy” at BidaskClub
IAC/InterActiveCorp (NASDAQ:IAC) was upgraded by stock analysts at BidaskClub from a “buy” rating to a “strong-buy” rating in a research report issued on Friday.
A number of other research analysts have also recently issued reports on the company. Piper Jaffray Companies raised their price objective on IAC/InterActiveCorp to $145.00 and gave the company an “overweight” rating in a research note on Wednesday, August 16th. Aegis reaffirmed a “buy” rating and set a $125.00 price objective (up from $115.00) on shares of IAC/InterActiveCorp in a research note on Tuesday, August 15th. Oppenheimer Holdings Inc. reaffirmed an “outperform” rating and set a $127.00 price objective (up from $120.00) on shares of IAC/InterActiveCorp in a research note on Wednesday, August 9th. Jefferies Group LLC reaffirmed a “buy” rating and set a $135.00 price objective (up from $120.00) on shares of IAC/InterActiveCorp in a research note on Wednesday, August 9th. Finally, Susquehanna Bancshares Inc reaffirmed a “positive” rating and set a $140.00 price objective (up from $114.00) on shares of IAC/InterActiveCorp in a research note on Wednesday, August 9th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $108.45.
IAC/InterActiveCorp (IAC) traded down 0.48% during mid-day trading on Friday, hitting $115.23. The stock had a trading volume of 192,445 shares. The firm has a market capitalization of $9.19 billion, a price-to-earnings ratio of 41.18 and a beta of 1.13. The stock’s 50 day moving average price is $106.70 and its 200 day moving average price is $94.38. IAC/InterActiveCorp has a one year low of $56.64 and a one year high of $119.53.
IAC/InterActiveCorp (NASDAQ:IAC) last announced its quarterly earnings data 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. IAC/InterActiveCorp had a return on equity of 9.16% and a net margin of 7.66%. The firm had revenue of $767.39 million for the quarter, compared to analysts’ expectations of $758.01 million. During the same period last year, the firm earned $0.42 earnings per share. The company’s revenue for the quarter was up 2.9% compared to the same quarter last year. Analysts forecast that IAC/InterActiveCorp will post $3.07 EPS for the current year.
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A number of institutional investors and hedge funds have recently modified their holdings of IAC. Creative Planning lifted its holdings in shares of IAC/InterActiveCorp by 0.6% during the first quarter. Creative Planning now owns 1,687 shares of the company’s stock valued at $124,000 after purchasing an additional 10 shares during the last quarter. Bank of Montreal Can lifted its holdings in shares of IAC/InterActiveCorp by 21.9% during the first quarter. Bank of Montreal Can now owns 4,742 shares of the company’s stock valued at $350,000 after purchasing an additional 851 shares during the last quarter. Nationwide Fund Advisors purchased a new position in shares of IAC/InterActiveCorp during the first quarter valued at approximately $7,964,000. State Board of Administration of Florida Retirement System lifted its holdings in shares of IAC/InterActiveCorp by 0.9% during the first quarter. State Board of Administration of Florida Retirement System now owns 103,391 shares of the company’s stock valued at $7,622,000 after purchasing an additional 951 shares during the last quarter. Finally, US Bancorp DE lifted its holdings in shares of IAC/InterActiveCorp by 22.5% during the first quarter. US Bancorp DE now owns 5,231 shares of the company’s stock valued at $386,000 after purchasing an additional 960 shares during the last quarter. Institutional investors and hedge funds own 85.20% 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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