IAC/InterActiveCorp (NASDAQ:IAC) was downgraded by equities research analysts at BidaskClub from a “strong-buy” rating to a “buy” rating in a report issued on Saturday.

Several other research analysts also recently commented on the stock. Piper Jaffray Companies raised their price objective on shares of IAC/InterActiveCorp to $145.00 and gave the stock an “overweight” rating in a report on Wednesday, August 16th. Aegis reiterated a “buy” rating and issued a $125.00 target price (up from $115.00) on shares of IAC/InterActiveCorp in a research note on Tuesday, August 15th. Oppenheimer Holdings, Inc. reiterated an “outperform” rating and issued a $127.00 target price (up from $120.00) on shares of IAC/InterActiveCorp in a research note on Wednesday, August 9th. Jefferies Group LLC reiterated a “buy” rating and issued a $135.00 target price (up from $120.00) on shares of IAC/InterActiveCorp in a research note on Wednesday, August 9th. Finally, Susquehanna Bancshares Inc reiterated a “positive” rating and issued a $140.00 target price (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 given a hold rating and twenty have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $108.45.

IAC/InterActiveCorp (IAC) traded down 0.12% during midday trading on Friday, hitting $113.92. 728,770 shares of the stock were exchanged. The firm’s 50-day moving average price is $108.26 and its 200 day moving average price is $95.99. The firm has a market capitalization of $9.09 billion, a P/E ratio of 40.71 and a beta of 1.13. IAC/InterActiveCorp has a 1-year low of $58.07 and a 1-year high of $119.53.

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 Thomson Reuters’ consensus estimate of $0.50 by $0.24. The company had revenue of $767.39 million during the quarter, compared to the consensus estimate of $758.01 million. IAC/InterActiveCorp had a net margin of 7.66% and a return on equity of 9.16%. IAC/InterActiveCorp’s revenue for the quarter was up 2.9% on a year-over-year basis. During the same period last year, the firm earned $0.42 EPS. Analysts expect that IAC/InterActiveCorp will post $3.07 earnings per share for the current fiscal year.

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A number of large investors have recently modified their holdings of IAC. Bank of Montreal Can raised its position in IAC/InterActiveCorp by 21.9% in the 1st quarter. Bank of Montreal Can now owns 4,742 shares of the company’s stock worth $350,000 after purchasing an additional 851 shares during the period. State Board of Administration of Florida Retirement System raised its position in IAC/InterActiveCorp by 0.9% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 103,391 shares of the company’s stock worth $7,622,000 after purchasing an additional 951 shares during the period. US Bancorp DE raised its position in IAC/InterActiveCorp by 22.5% in the 1st quarter. US Bancorp DE now owns 5,231 shares of the company’s stock worth $386,000 after purchasing an additional 960 shares during the period. Bank of New York Mellon Corp raised its position in IAC/InterActiveCorp by 1.1% in the 1st quarter. Bank of New York Mellon Corp now owns 352,000 shares of the company’s stock worth $25,949,000 after purchasing an additional 4,000 shares during the period. Finally, BNP Paribas Arbitrage SA raised its position in IAC/InterActiveCorp by 16.2% in the 1st quarter. BNP Paribas Arbitrage SA now owns 3,079 shares of the company’s stock worth $227,000 after purchasing an additional 430 shares during the period. Institutional investors own 85.20% of the company’s stock.

About IAC/InterActiveCorp

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.

Analyst Recommendations for IAC/InterActiveCorp (NASDAQ:IAC)

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