IAC/InterActiveCorp (IAC) Price Target Raised to $150.00
IAC/InterActiveCorp (NASDAQ:IAC) had its price target lifted by analysts at Barclays PLC to $150.00 in a research note issued to investors on Monday, The Fly reports. The firm currently has an “overweight” rating on the stock. Barclays PLC’s price objective suggests a potential upside of 20.27% from the stock’s current price.
A number of other research analysts also recently commented on the company. Goldman Sachs Group, Inc. (The) reiterated a “buy” rating and issued a $150.00 price objective on shares of IAC/InterActiveCorp in a report on Wednesday, October 11th. Benchmark Co. increased their price objective on IAC/InterActiveCorp from $135.00 to $150.00 and gave the company a “buy” rating in a report on Thursday, September 21st. Cowen and Company reiterated a “buy” rating and issued a $115.00 price objective on shares of IAC/InterActiveCorp in a report on Sunday, July 30th. Zacks Investment Research upgraded IAC/InterActiveCorp from a “sell” rating to a “hold” rating in a report on Wednesday, October 4th. Finally, Guggenheim reiterated a “buy” rating and issued a $130.00 price objective (up previously from $120.00) on shares of IAC/InterActiveCorp in a report on Monday, September 18th. Two investment analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company. The company has an average rating of “Buy” and an average price target of $131.68.
Shares of IAC/InterActiveCorp (IAC) traded down 0.19% during midday trading on Monday, reaching $124.48. The company had a trading volume of 181,829 shares. The company has a market capitalization of $9.93 billion, a P/E ratio of 44.49 and a beta of 1.14. IAC/InterActiveCorp has a 52 week low of $60.39 and a 52 week high of $127.28. The company’s 50 day moving average price is $118.92 and its 200-day moving average price is $104.34.
IAC/InterActiveCorp (NASDAQ:IAC) last released its quarterly earnings data on Wednesday, August 2nd. The company reported $0.74 EPS for the quarter, beating analysts’ consensus estimates of $0.50 by $0.24. IAC/InterActiveCorp had a return on equity of 9.16% and a net margin of 7.66%. The business had revenue of $767.39 million for the quarter, compared to the consensus estimate of $758.01 million. During the same quarter in the prior year, the business posted $0.42 EPS. The business’s revenue for the quarter was up 2.9% on a year-over-year basis. On average, equities research analysts predict that IAC/InterActiveCorp will post $3.08 earnings per share for the current fiscal year.
A number of institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. lifted its position in IAC/InterActiveCorp by 2.6% during the 2nd quarter. Vanguard Group Inc. now owns 5,887,254 shares of the company’s stock worth $607,801,000 after acquiring an additional 149,182 shares during the period. BlackRock Inc. lifted its position in IAC/InterActiveCorp by 2.6% during the 2nd quarter. BlackRock Inc. now owns 3,275,849 shares of the company’s stock worth $338,199,000 after acquiring an additional 83,794 shares during the period. Canada Pension Plan Investment Board lifted its position in IAC/InterActiveCorp by 44.3% during the 2nd quarter. Canada Pension Plan Investment Board now owns 3,175,100 shares of the company’s stock worth $327,797,000 after acquiring an additional 975,000 shares during the period. Boston Partners lifted its position in IAC/InterActiveCorp by 1.9% during the 2nd quarter. Boston Partners now owns 3,050,689 shares of the company’s stock worth $314,953,000 after acquiring an additional 57,689 shares during the period. Finally, TIAA CREF Investment Management LLC lifted its position in IAC/InterActiveCorp by 13.8% during the 2nd quarter. TIAA CREF Investment Management LLC now owns 2,601,498 shares of the company’s stock worth $268,579,000 after acquiring an additional 316,034 shares during the period. 85.19% of the stock is owned by institutional investors.
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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