IAC/InterActiveCorp’s (IAC) Buy Rating Reaffirmed at Wells Fargo & Company
IAC/InterActiveCorp (NASDAQ:IAC)‘s stock had its “buy” rating reiterated by research analysts at Wells Fargo & Company in a research note issued on Thursday. They presently have a $150.00 target price on the stock, up from their previous target price of $125.00. Wells Fargo & Company’s price target suggests a potential upside of 20.27% from the stock’s current price.
Several other equities analysts have also weighed in on IAC. Cowen and Company reaffirmed a “buy” rating and issued a $115.00 price objective on shares of IAC/InterActiveCorp in a research note on Sunday, July 30th. Aegis reaffirmed a “buy” rating and issued a $115.00 price objective on shares of IAC/InterActiveCorp in a research note on Thursday, August 3rd. UBS AG reaffirmed a “buy” rating and issued a $126.00 price objective (up from $115.00) on shares of IAC/InterActiveCorp in a research note on Friday, August 4th. Barclays PLC reaffirmed an “overweight” rating and issued a $130.00 price objective (up from $105.00) on shares of IAC/InterActiveCorp in a research note on Friday, August 4th. Finally, TheStreet raised IAC/InterActiveCorp from a “c+” rating to an “a-” rating in a research note on Thursday, August 3rd. Two equities research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $130.63.
Shares of IAC/InterActiveCorp (IAC) traded up 0.47% during mid-day trading on Thursday, reaching $124.72. 347,062 shares of the company’s stock were exchanged. The stock has a 50 day moving average price of $118.92 and a 200 day moving average price of $104.34. IAC/InterActiveCorp has a 52 week low of $60.39 and a 52 week high of $127.28. The stock has a market cap of $9.22 billion, a price-to-earnings ratio of 44.86 and a beta of 1.14.
IAC/InterActiveCorp (NASDAQ:IAC) last released its quarterly earnings data on Wednesday, August 2nd. The company reported $0.74 earnings per share for the quarter, beating the consensus estimate of $0.50 by $0.24. The business had revenue of $767.39 million for the quarter, compared to analyst estimates of $758.01 million. IAC/InterActiveCorp had a return on equity of 9.16% and a net margin of 7.66%. The company’s revenue was up 2.9% compared to the same quarter last year. During the same period in the previous year, the company posted $0.42 EPS. Equities research analysts predict that IAC/InterActiveCorp will post $3.08 EPS for the current year.
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Several large investors have recently made changes to their positions in the stock. Oakbrook Investments LLC purchased a new stake in shares of IAC/InterActiveCorp during the 3rd quarter valued at about $273,000. Shell Asset Management Co. purchased a new stake in shares of IAC/InterActiveCorp during the 3rd quarter valued at about $1,129,000. Wealth Enhancement Advisory Services LLC purchased a new stake in shares of IAC/InterActiveCorp during the 3rd quarter valued at about $1,004,000. Oak Associates Ltd. OH raised its holdings in shares of IAC/InterActiveCorp by 7.0% during the 2nd quarter. Oak Associates Ltd. OH now owns 183,473 shares of the company’s stock valued at $18,942,000 after buying an additional 12,050 shares during the period. Finally, Dynamic Technology Lab Private Ltd raised its holdings in shares of IAC/InterActiveCorp by 1.9% during the 2nd quarter. Dynamic Technology Lab Private Ltd now owns 5,620 shares of the company’s stock valued at $581,000 after buying an additional 104 shares during the period. 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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