IAC/InterActiveCorp (IAC) Earns Buy Rating from Oppenheimer Holdings, Inc.
IAC/InterActiveCorp (NASDAQ:IAC)‘s stock had its “buy” rating reiterated by stock analysts at Oppenheimer Holdings, Inc. in a research report issued on Thursday. They currently have a $141.00 price objective on the stock, up from their previous price objective of $127.00. Oppenheimer Holdings, Inc.’s price target would suggest a potential upside of 15.17% from the stock’s current price.
Other equities research analysts have also issued research reports about the stock. TheStreet upgraded shares of IAC/InterActiveCorp from a “c+” rating to an “a-” rating in a research note on Thursday, August 3rd. Aegis reiterated a “buy” rating and issued a $125.00 price objective (up previously from $115.00) on shares of IAC/InterActiveCorp in a research note on Tuesday, August 15th. Jefferies Group LLC reiterated a “buy” rating and issued a $135.00 price objective (up previously from $120.00) on shares of IAC/InterActiveCorp in a research note on Wednesday, August 9th. UBS AG reiterated a “buy” rating and issued a $126.00 price objective (up previously from $115.00) on shares of IAC/InterActiveCorp in a research note on Friday, August 4th. Finally, Wells Fargo & Company reiterated a “buy” rating on shares of IAC/InterActiveCorp in a research note on Thursday, August 3rd. Two research analysts have rated the stock with a hold rating and twenty have given a buy rating to the company. IAC/InterActiveCorp has an average rating of “Buy” and a consensus target price of $115.68.
Shares of IAC/InterActiveCorp (NASDAQ IAC) traded down 0.56% during trading on Thursday, reaching $121.75. The company’s stock had a trading volume of 473,382 shares. The stock’s 50 day moving average price is $112.67 and its 200-day moving average price is $100.19. IAC/InterActiveCorp has a 12 month low of $60.39 and a 12 month high of $123.49. The firm has a market cap of $9.71 billion, a PE ratio of 43.51 and a beta of 1.14.
IAC/InterActiveCorp (NASDAQ:IAC) last posted its quarterly earnings data on Wednesday, August 2nd. The company reported $0.74 EPS for the quarter, beating the Thomson Reuters’ 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 company’s revenue for the quarter was up 2.9% on a year-over-year basis. During the same quarter last year, the business posted $0.42 EPS. Equities analysts predict that IAC/InterActiveCorp will post $3.07 EPS for the current year.
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Institutional investors have recently added to or reduced their stakes in the stock. ClariVest Asset Management LLC purchased a new position in IAC/InterActiveCorp in the 2nd quarter valued at approximately $133,000. FNY Partners Fund LP purchased a new position in IAC/InterActiveCorp in the 2nd quarter valued at approximately $152,000. First Mercantile Trust Co. purchased a new position in IAC/InterActiveCorp in the 2nd quarter valued at approximately $193,000. Virtu Financial LLC purchased a new position in IAC/InterActiveCorp in the 2nd quarter valued at approximately $201,000. Finally, Reliance Trust Co. of Delaware purchased a new position in IAC/InterActiveCorp in the 2nd quarter valued at approximately $202,000. Institutional investors and hedge funds own 85.19% 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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